Money9 Helpline hosted Vishal Dhawan of PlanAhead to help identify common retirement planning mistakes.
Keeping the right coverage and buying the right health insurance is the key to keep the savings secure for retirees
Annuity Plans: Insurance companies have come up with a term cover-cum-annuity plan which gives guaranteed as well as tax-free return
The current pandemic situation has highlighted the importance of having a medical cover in times of such crisis situations
Don’t ignore inflation while working out the corpus as you might run out of funds post-retirement if inflation is not factored in
A portfolio of well-chosen debt funds (if held in a strategic manner) is likely to beat deposits when it comes to tax-efficient returns
There are several pension plans available in the market to serve your post-retirement needs. Most of them even come with tax benefits as well
Life insurance companies offer products that help customers build a long-term savings pool while ensuring the safety of capital