Plan For Retirement As Early As Doable
It is very important to think about and pension plan for life after retirement
. Individuals should start planning for their retirement fund as early as possible. Investing early gives time to your investments to produce by way of compounding. Also, one can invest in instruments with a higher risk-return percentage.
Considering factors such as increase in average natural life, financial commitments, higher cost of living, higher cost of medicine, opposition, nuclear families etc, it becomes yet more important to start early so that you become totally independent in your golden years.
Although it is important that one should start retirement planning as early as possible, there is no hard and fast rule on when one should start. The point is that you should not delay it without cause. Those who have not yet thought about retirement planning can start from these days.
Some feel that retirement planning is important after the middle age, say around 40 years. In fact, pension planning at a later age becomes difficult as there won't be much time to construct and develop a good corpus to sustain a high standard of retired life. But, it's better to plan now even if you could not start early sufficient.
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LIC pension PlanICICI Pension Planby: Bimadeals
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