5. Stay on track

You are initiating your retirement planning when you are young but it is a continuing process and therefore you need to keep your feet on track to succumb the preferred results. This can be done by handling your finances intelligently, sticking to your budget, once in a while reviewing your retirement goal and make sure they are still valid. You also need to regulate your saving and investments plans as required, increase your retirement corpus as your income amplifies and also renew your insurance coverage to replicate the varying stages of your life.

The most important thing to remember is that your retirement savings is not any extra cash that you have. Do not use it for vacation purpose, to fund educational expenses and absolutely not an emergency fund. Do not thank that you will do it just for the time being and again start saving later. Just make believe it is money you don't have and you will be better off in the long run.

Buy a House in Your Wife's Name and Save Money

Want To Transfer Your PPF Account? Here's How