Retirement, though it may seem far when we are in the 20s and 30s, requires a considerable amount of personal and financial planning.
But you might be asking, Why should I plan for my retirement?
Considering all the above points one needs to plan and carefully work towards building the retirement corpus and then think about relaxing on the beach without worrying.
This is a huge cost if you don’t plan your retirement right and depend on the government or family to take care of you. But don't worry, there are wonderful investment tools such as NPS, EPF which the government has created or you can use Mutual Funds to plan for your retirement. But it depends on you and me to utilize it to our benefit. We shall see about different tools to plan our retirement successfully in future videos to come.
Summary, As soon as a person starts earning, he or should start investing for retirement. There are many investment tools to choose from, as we discussed in the previous section. Do comment below on what’s your approach.
If you have made it to the end of the episode, it means you really want to take control of your finances.
Do check out www.bytherupee.com for more articles and podcasts on personal finance. Also, comment below on what topic you would like to know more about. Keep Subscribed to the podcast.