Retirement Planning: Why it is important to plan for post-retirement period; expert tells importance of 3-bucket strategy, investment avenues
A common misconception among the senior citizens is playing it absolutely safe in terms of investments with no risks at all. While the longevity of life could lead to financial problems if one stays with the thought of sustaining with just interest income, Pratibha Girish, Founder of Finwise Personal Finance Solutions tells Zee Business Swati Raina
While it is important to plan your financial goals while you are working, it is equally important to plan for your retirement. While an average person retires at the age of 60-years, and with life expectancy higher now the next 20-30 years must be planned for in advance to lead a comfortable life.
Pratibha Girish, Founder of Finwise Personal Finance Solutions tells Zee Business’ Swati Raina important tips for financial planning post retirement.
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Watch Full Report Here:She said that the third bucket strategy should be applied if you want higher risks. However, this strategy comes with some risks, she added. Investments must be done with adequate thought and research, she further said adding that risk without due diligence will not yield high returns.
Senior Citizens Savings Scheme, SCCC, Pradhan Mantri Vaya Vandana Yojana, PMVVY, Systematic Withdrawal Plan, SWP, hybrid fund, conservative equity, Flexi cap funds, large cap funds, mid cap funds
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