A small mistake can make a big difference in planning for a comfortable retirement. What are the mistakes that can ruin your retirement planning? Learn how to make a solid retirement plan from Pratiba Girish, Co-Founder, Finwise Personal Finance at Money9 Helpline.
Girish: Fixed deposits cannot beat inflation. They depreciate the value of your money. This is a mistake that people make that is they consider not taking risks equals not investing in assets like equities. But not investing in equities is actually a risk in itself because you won’t be able to build wealth. So, you will have a permanent capital loss. So, I think you should invest in mutual funds.
Those who have started late planning for investment, should double their investment quantum and also step up that. It should be done consistently.
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