Retirement Planning

Many individuals face difficulty in assessing the right retirement corpus that they will need in their sunset years.

Retirement planning has become an important part of our financial goals like any other goal. However, many individuals face difficulty in assessing the right retirement corpus that they will need in their sunset years.

There are lot many factors to consider like debts will be paid off, some routine expenses would end but medical, healthcare costs would increase. Also, the life span of an individual also affects retirement planning.

3 main factors are current expenses, inflation factor and adjusting for life expectancy.

Accordingly, you need to plan for your retirement.