Sunday, November 6, 2016

What is retirement planning and how to ensure an independent life even when one retires from active work life

What is retirement planning and how to ensure an independent life even when one retires from active work life?
Retirement planning involves disciplined saving, vigilant investment to build a sufficient retirement corpus and its judicious drawdown in the post-retirement phase. This is achieved by joining a pension/retirement plan at an early stage in one’s life so that when a person retires from active work life, he gets a regular stream of income in the form of pension or annuity for his life.
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