Insurance. Mutual Fund. Can’t decide?
Markets are filled with insurance products. And they all promise all kinds of things, from returns on investments to money for your loved ones in your absence. What do you buy? How do you decide? Don’t worry, momma had said there will be days like this. Let’s figure this out together.
Kolkata
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.