capstonewealthservices@gmail.com

Retirement technically has nothing to do with working. You don’t stop working when you retire (unless your desire is to stop working). And you can always start working a new job or engagement after retirement. The point is, whether you retire from your job and stop working or you decide to take up a new one right after retiring from the old one, working is a choice and decision. It keeps us mentally engaged and physically active and we must not do nothing. Keeping an eye on your health is important of course and to that extent, planning for expenses (health-related or medical expenses) is important. Once again, nothing can be predicted in life but if you are happy, focused and have purpose – you are set.

ajmjain88@gmail.com

It may sound strange but renewment planning is exactly this – this is how it works. Have a goal, have a plan, ask yourself how important it is to you to have a purpose and a focus. It could very well be a desire to see the world. But what has retirement got to do with it? Everything. Remember, retirement is not the end of life. In fact, for many people it is actually quite a beginning where they do many things that they have been putting off for years because of responsibilities. Like seeing the world. If seeing the world is your ‘thing’ then plan for it. Have it as a sub-goal within your larger retirement plan. Invest in an SIP with the funds accumulating for you. And then, very soon, that world tour is not so far away.
Bon voyage!

kmpandhare@gmail.com

This YOU, that you are today, is the present YOU – today’s YOU. This YOU will not be the same always. That’s life. Thinking about and planning for the future YOU will make you project your life and how you see yourself in the future. Your needs, your goals and your purpose tomorrow (future) most likely will be very different from what they are today (present).
So start early, plan early and invest wisely. If you work for your money today, your money will work for you in the future.
Have a happy life. By planning for it.

kmpandhare@gmail.com

SIP – Systematic Investment Plans, represent the systematic nature of the action. Small sums invested systematically over a long period of time yield better returns because they benefit from the power of compounding. Compounding leads to higher returns usually over a long period as it adds up. In the long run, SIP returns are more rewarding.

saravanan@purplepond.in

The 4% “Rule of Thumb” is used by many retirement planners in the context of thewithdrawal rate. It is a simplified and easy way to understand the basic concepts of retirement.
The concept of the 4% Rule is attributed to Bill Bengen, a financial adviser in Southern California, USA who created it in the mid-1990s.
Mr Bengen claimed that the rule was created using historical data on stock and bond returns over the 50-year period from 1926 to 1976, focusing heavily on the severe market downturns of the 1930s and early 1970s.
He also concluded that, even during an untenable market condition, no historical case existed in which a 4% annual withdrawal exhausted a retirement portfolio in 33 years with the withdrawal inflation adjusted (Inflation of 2%).
Taking the case of India, the back tested data on Debt Fund (GILT) where there is zero credit risk, the 4% withdrawal with an elevated 5% inflation also satisfies the condition of living out of the returns for a period of 21 years (2001 – 2022).

dr_ramakant@yahoo.com

Renewment is all about having the freedom to plan anything you want to do or become, at any stage in life. Life doesn’t end at 60, remember that. So while planning for your retirement (which will most likely happen at the age of 60 if you are a salaried person) a proper mix of insurance and mutual fund investment is a MUST. Insurance is first and foremost for protection and security in the unlikely event that something happens to you. Insurance should be adequately taken to cover your earnings till the time you retire, at 60, from your job. Mutual funds and other investments should be made in such a way that you need not take out money from the corpus which is meant for your retirement.

saravanan@purplepond.in

It doesn’t matter what age you are.
Of course, it is always good to start early in order to make compounding your friend. But whether you are a young person, Gen Z or slightly older (millennials) it is never too late to think and plan for your retirement.
Remember, the earlier you start the better. But that doesn’t mean that you cannot start if you are not young.
If you are 30 and start planning by investing a small amount of money every month, you will have a longer time for investment and get the benefit of the power of compounding. If you are starting in your 40s, you will of course get a shorter window than the 30 year old but you will still have a long enough window.
The point is to have enough so you can find your purpose and do the things you want to do without worrying about your income.

saravanan@purplepond.in

Planning for retirement is always one of the most anxious things in life and more so if you are salaried. When is the right age? What is the right amount of money saved up? All kinds of questions run through our heads. Here is a simple, basic guide.

Ask yourself these questions:

– Have all my basic goals been met?

– Have I accumulated enough funds to meet the expenses towards my basic goals?

– Is my passive income greater than my active expenses?

If the answer to these questions is YES, then you are “READY to Retire”

Let me now explain in detail what the above questions mean.

Basic Goals

· Goals whose corpus or the time to goal is not in your control, then those goals are called Basic Goals.

· Children’s education/marriage expenses/owning a house for self-occupation are examples of Basic Goals

Passive Income and Active Expense

Passive Income is the income you generate independent of your monthly salary or income from active business/professional involvement. Some examples of passive income are:

· Interest income/dividends

· Rental income

· Royalty income

Active Expense is your lifestyle expenses

Now ask yourself if you are “READY to Retire”

sreeadvisory@gmail.com

The best thing about being young is that you have time on your side. You can take risks. So at the beginning of your retirement corpus accumulation, feel confident about going for an aggressive investment plan. You have time on your side and equities need time to deliver returns. So you can afford to wait and wait out the inevitable market volatility. When your goal is nearing, you can adopt a more conservative investment strategy. The important thing is to plan your renewment – what you want to do and what your purpose is. And that means, you would do well to assess your plans and life decisions every once in a while.

saravanan@purplepond.in

It would be too philosophical to say start your “Retirement Planning” the day you draw your first salary. We as human beings are emotional and would have expenses connected to these emotions;

1. Be it thanking our parents with a pricey gift

2. A well thought through gift to the best teacher who shaped us to be an achiever

3. We might also want to upgrade your wardrobe, official accessories and a vehicle for mobility (be it a bike or a small car).

So, please for sure spend some money on the above emotional requirements and maybe say when you are about 3 to 5 years into your earning life, start your retirement planning. That is the crux of renewment thinking. Since you would be quite young, please use Equity as an asset class to accumulate wealth.

The fact remains, starting early helps to achieve your retirement corpus with ease. There is never a wrong time to start thinking of renewment.