Concerns of Retirement
Most people are faced with three important questions when they start thinking of Retirement:
- When can I retire?
- How much money do I need to have in place to retire?
- How do I create a regular source of income post retirement?
In simple words, Retirement corpus means saving sufficient funds to provide for a comfortable lifestyle after retirement.
Inflation - the silent tax you pay
Inflation is an important aspect that has to be considered while thinking about Retirement corpus as well as Post-Retirement expenses. Many retirees find it very difficult to keep up with the increasing inflation levels prevalent today. The 'real' worth of their pension money is reducing every year as a result of inflation. At an individual level, it is difficult to manage inflation. However, with right investment decisions through prudent allocation of assets (both before and during retirement) can help you reduce the impact of inflation.
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