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Retirement planning: what one should exactly know?
Tags :
Pension, retirement, savings, deposit, account, future
Industry :
Banking
Functional Area : India |
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About "Retirement planning: what one should exactly know?" topic:
Retirement planning is not
that simple, it needs proper planning, proper savings and also one
needs to decide where they put their money such that they have a good
amount in their hand while they are retiring. So lets discuss about the
intricacies of retirement like, How to plan for retirement, what one
should really know about retirement, and finally how to retire successful?
1 insight
, 7 debates
, 6 idea contests
on topic: "Retirement planning: what one should exactly know?"
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(rate this)
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1
From day 1 of the job
2
This depends on your income, your expenses and your ability to save
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sanjay dey
| Added idea
"saving is a habit"
| 2 years ago
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To save you have to practice saving. It is a practice. One fine day you cannot start saving may be it is your first salary. Saving should ideally be started as a teenager. The first saving should be from the pocket money. CUT THE EXPENSE for a...
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AJAY SAXENA
| Supported idea
"from the first salary ideally"
| 2 years ago
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It is never too early to start for retirement.To encash the growth potential and compounding effect of your money start planning for retirement from day one .
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sachin
| Supported idea
"From day 1 of the job"
| 2 years ago
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I was not a money saver ever. My father always forcefully make me to do this in early stage of my professional life cycle. And really guys today i know the benefit of savings...i am too agree that u shud start saving from day 1 of your job...as...
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Ideate: "When should one ideally begin to save for retirement?" deleted from your view.
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(rate this)
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1
start investing/saving early for retirement- from your first job itself
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Financial Planning at early stage with regular check of portfolio.
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CA. DEBAYAN PATRA
| Added idea
"START EARLY, BE READY............."
| 2 years ago
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A PERSON SHOULD START HIS RETIREMENT PLANNING FROM THE FIRST DAY. HE SHOULD DETERMINE HIS FINANCIAL NEEDS ACCORDING TO THE STD. OF LIVING HE WANTS TO LIVE. THEN, HE SHOULD USE INFLATION FACTOR ON SUCH DETERMINED AMOUNT. THEN HE SHOULD FIND THE...
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Srikanth Shankar Matrubai
| Added idea
"Retire super rich"
| 2 years ago
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click on the following link to know how to plan for a Super Rich Retirement life. http://goodfundsadvisor.blogspot.com/2010/02/retire-super-rich.html
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Anand Rathore
| Supported idea
"start investing/saving early for retirement- from your first job itself"
| 2 years ago
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Deepti! you are right but one has to very alert during selection of Investment of hard earning because so many different plans and products avaiable of various Companies and it is very difficult to select right one for a young gye who does not...
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Ideate: "How to plan for a Retirement?" deleted from your view.
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(rate this)
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1
Tiruvannamalai - READ MY STORY !
2
Seniors’ savings scheme
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Megha Goel
| Added idea
"go for a plan that gives regular may be slow returns and of course a definite safe game"
| 2 years ago
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being risky at the age of 60 could be dangerous, because the amount we r investing has been procured over our lifetime . loosing the same in moments can be too bad. so playing safe with government securities or post office schemes is the best...
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ramachandran venkat narayanan
| Supported idea
"Fixed Deposits "
| 3 years ago
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You can put part of your money in FDs.The plus is regular income and the minus is , it is taxable, low returns and does not appreciate in value.It offers liquity as you can raise a loan against it or create an overdraft facility against it.You...
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Nirmal Karan
| Supported idea
"Tiruvannamalai - READ MY STORY !"
| 3 years ago
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Great Ramachandran...i really appreciate your ideas...i have also seen your article "where and when to invest" and loved the whole concept...i think your investment ideas are really good and this sort of investment is also having really good...
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Ideate: "Where to invest after retirement?" deleted from your view.
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(rate this)
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The 10 “Key Ingredients” to DEMAND from a Financial Professional in a Successful Retirement Plan!! If a client is working on their retirement plan, it is very likely they have not only personal goals and dreams, but also a minimum level of expectations from their financial planner. Heck, the truth is, a client shouldn’t have just a minimum level of expectations, they should have specific things from a retirement plan that they DEMAND ! With life expectancies being greater than ever, retirement could likely be the longest phase of their life. Therefore, I believe that it is absolutely imperative that you have a plan in place that is well-equipped to not only spend and enjoy your retiremen...
Insight: "10 Key Ingredients to a Successful Retirement Plan" deleted from your view.
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(rate this)
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1
Types Of Retirement Plans
2
Depends on buasiness and past Savings
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Patodia Vinod Hariprasad
| Added idea
"Depends on buasiness and past Savings"
| 2 years ago
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It depends on Income, future business, Family culture and past savings.
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manju gusain
| Supported idea
"Types Of Retirement Plans"
| 2 years ago
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one should be aware of different avenues of investment so that after certain year of investmetn a required wealth is accumulated which will yeild a specific amount of mly return .
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Ideate: "What one should know about his retirement plan?" deleted from your view.
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(rate this)
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yes
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2
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VS |
0
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no
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RAMANATHA PRABHU N
| Argues in support of
"yes"
| 2 years ago
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To settle the claim amicably valuation of the claim is required to be independent by a third party. If so claim will be nutral without any influencial factors of either party. Claim submitted by the insured always at his side and will be...
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Debate: "INSURANCE SURVEYOR" deleted from your view.
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(rate this)
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Investment is important and this would attract helps later.
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5
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VS |
3
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Relations are important and this would give way for money
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challagali.venkateswararaju
| Argues in support of
"Relations are important and this would give way for money"
| 2 years ago
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investments on retirement plans is very helpful in forthcoming days
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Padmanabhan R
| Argues in support of
"Investment is important and this would attract helps later."
| 2 years ago
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Being a finance student I feel investment during retired life should concentrate on regular income and maintaining enough cash balance for contingencies. But I agree with taranath sir here. During retirement you will have more time for market...
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Mohan Murari
| Argues in support of
"Relations are important and this would give way for money"
| 2 years ago
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sir, Managing money is a very important thing, doesn’t matter we are working or we are retired from job, we want to invest money to get good returns but to compare money with relationship will not be a good idea and its my personal view that...
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Debate: "How to manage money during retired life?" deleted from your view.
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(rate this)
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1
One's Own Decision
2
retirement form profession & not from life
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HEMANT VERMA
| Added idea
"well as per many company norm it is 58 or 60"
| 2 years ago
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good question !!!!! well one need to ask same question to our politician.
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G P Malviya
| Supported idea
"retirement form profession & not from life"
| 2 years ago
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Retirement age of a person from service may be the binding of the rules and regulations of a department but it doesnot force an individual to retire from LIFE full of experiences, knowledge and problem solving ability in all the situations.
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Prassan Kumar Sharma
| Supported idea
"One's Own Decision"
| 2 years ago
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I absolutely believe that no retirement age is necessary in a way that eliminates use of the gathered experience and knowledge and would also agree to the Kirti Das that 20 years later for most of us health might become a challenge. But at the...
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Ideate: "what is / should be the ideal age for retirement ?" deleted from your view.
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(rate this)
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Yes
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3
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VS |
1
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No
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SR Sham Sunder
| Argues in support of
"Yes"
| 2 years ago
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work is not labour alone. Work could include intellect, experience, judgement, decision making among others. You could find these in older people. I consider this as a resource. I believe that any resource should be put to use. So why not?
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Debate: "retirement is an opportunity and you workif you are healthy to find a slash career" deleted from your view.
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(rate this)
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There is distinct discrimination.
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2
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VS |
0
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Government is fair in treatment.
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RAMESH KANDADAI
| Argues in support of
"There is distinct discrimination."
| 2 years ago
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Consider the following facts: 1. Pension for the most part is available only in gvt offices 2. Privately employed persons count only on PF and their own savings. 3. Most of the tax benefits for investing in things like LIc have all but...
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Debate: "Retirement Blues" deleted from your view.
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