Want To Retire Wealthily? Here Are The 7 Smart Ways
4. No need to fear market
Your portfolio should contain different asset classes. By investing in a
Equities beat all other asset classes for long run, so investing in retirement specific ULIPs is an important option for those who want to retire early.The other advantage of saving for retirement through life insurance policies is that it provides protection and takes care of your spouse’s retirement event in your absence. Additionally, these plans, which allow indexation, address the consumer concern of inflation on retirement corpus.
5. Evaluate annual cash requirements
The monthly income required after retirement will be an important criteria for deciding the retirement corpus. If you are comfortable with spending less, you need to be careful in drawing a budget for cash requirement after retirement.
