Retirement goals: Early retirement needs both careful planning and strict financial discipline
Planning for what you know will occur is much easier than planning for unknown situations
NPS is a voluntary social security benefit that allows subscribers to invest in schemes managed by pension fund houses
Atal Pension Yojana offers a guaranteed pension after the age of 60, provided monthly contributions are paid until the age of 60
There is no maximum limit of monthly contribution, but ideally monthly NPS contribution should not cross 10% of the salary, said experts
PPF and EPF both are considered the safest savings instruments. EPF is only for salaried employees whereas PPF is for all
With disappearing pensions increasing life expectancy, it’s more important than ever to plan and invest for your retirement early in life
Retirement planning: Selecting the correct financial instrument that can augment your wealth is of prime importance
Remember, you don’t retire at all if you don’t retire rich. So, start now by planning well for the golden years of your life
PPF: If this current interest rate exists, it will take just 17 years to make a cumulative corpus of Rs 1 crore