Plan for retirement

This is like the investment for property. You might again think why should you start saving for retirement now? Because it is the time when you are quite less burdened with other responsibilities of life. You can choose from many available options. If you go and ask a retired professional about when you should start planning for your retirement, they will answer, “Now”.

Many don’t realize its importance and starts too late for saving for retirement. The best way is to open an account and put a small amount in it every month and forget about it. The amount may be small but will ultimately accumulate into a big amount after you get retired. Another long term investment is to have a recurring deposit. You can do this by asking your bank to start such account where you nominate a certain amount and the bank will deduct this amount every month, which sounds too simple to do.