[Attachment(s) from Pankaj Sharma included below]
Retiring Wealthy is the most desired aspects of Retirement Planning. Thanks
to the advances in modern science, the average life expectancy is
continuously increasing. Changing trends show that the non-working life of
an individual can be longer than his working life. While the social security
systems in developed countries have evolved, the one in our country is vir
tually non-existent. Joint families, which inherently provided such
security, are increasingly being replaced by 'nuclear families'. With
increasingly stressful life every one wants to retire early but this
requires right planning.
For a 25 year old who needs Rs.30000 per month today to run his household
would require Rs. 1.28 lacs per month after 25 years if inflation is assumed
at 6%. This comes to Rs.15.45 lacs per annum. Now if one assumes to earn 10%
return post retirement, he needs Rs.1.55 crores just to meet his monthly
household expenses.
Monthly Expense Rate of Inflat ion No of yrs for retirement Future Value Rs.
30000/- 6% 25 Rs. 1.28 lacs
*You need to plan for retirement because:*
- Traditional avenue of savings are not sufficient to meet
retirementexpenses.
- Rising cost of living.
- With higher life expectancy you need to provide for around 30 years of
your retired life.
- Not all of us are covered under pension schemes.
- No social security system in India like in the USA.
kindly find the details of Investment product comparison as per the file
attached.
Keep Smiling
PANKAJ SHARMA
pankaj.pkj1@gmail.com
"You are not responsible for what people think about you.
But you are responsible for what you give them to think about you"
--
Retiring Wealthy is the most desired aspects of Retirement Planning. Thanks
to the advances in modern science, the average life expectancy is
continuously increasing. Changing trends show that the non-working life of
an individual can be longer than his working life. While the social security
systems in developed countries have evolved, the one in our country is vir
tually non-existent. Joint families, which inherently provided such
security, are increasingly being replaced by 'nuclear families'. With
increasingly stressful life every one wants to retire early but this
requires right planning.
For a 25 year old who needs Rs.30000 per month today to run his household
would require Rs. 1.28 lacs per month after 25 years if inflation is assumed
at 6%. This comes to Rs.15.45 lacs per annum. Now if one assumes to earn 10%
return post retirement, he needs Rs.1.55 crores just to meet his monthly
household expenses.
Monthly Expense Rate of Inflat ion No of yrs for retirement Future Value Rs.
30000/- 6% 25 Rs. 1.28 lacs
*You need to plan for retirement because:*
- Traditional avenue of savings are not sufficient to meet
retirementexpenses.
- Rising cost of living.
- With higher life expectancy you need to provide for around 30 years of
your retired life.
- Not all of us are covered under pension schemes.
- No social security system in India like in the USA.
kindly find the details of Investment product comparison as per the file
attached.
Keep Smiling
PANKAJ SHARMA
pankaj.pkj1@gmail.com
"You are not responsible for what people think about you.
But you are responsible for what you give them to think about you"
--
"You are not responsible for what people think about you.
But you are responsible for what you give them to think about you"
But you are responsible for what you give them to think about you"
Always trying to send good and best stuff.....J J J J J J J
My best part (Collection) is still awaiting.....
__._,_.___
Attachment(s) from Pankaj Sharma
2 of 2 File(s)
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Raj Singh Tomar - Moderator/Designer
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DISCLAIMER :
------------------
This message serves informational purposes only and should not be viewed as an irrevocable indenture between anyone. If you have erroneously received this message, please delete it immediately and notify the sender at CoolCollectionsForYou-Owner@yahoogroups.com. The recipient acknowledges that any views expressed in this message are those of the Individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of The C.C.4.U. Group. reserves the right to repeal, change, amend, modify, add, or withdraw the contents herein without notice or obligation.
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