{"id":410,"date":"2018-03-15T10:27:40","date_gmt":"2018-03-15T10:27:40","guid":{"rendered":"https:\/\/myfintree.com\/blog\/?p=410"},"modified":"2018-11-20T09:43:33","modified_gmt":"2018-11-20T09:43:33","slug":"plan-for-your-retirement","status":"publish","type":"post","link":"https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/","title":{"rendered":"Plan for Your Retirement\u2026!!!"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #008000;\"><a style=\"color: #008000;\" href=\"http:\/\/www.myfintree.com\/retirement-planning.php\">\u00a0 Plan for Your Retirement\u2026!!!<\/a><\/span><\/h1>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"http:\/\/www.myfintree.com\/personal-financial-planning.html\"><strong>You need to plan in advance to enjoy a secure retirement later<\/strong><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Your Future is dependent on your present decision<\/strong><\/span><\/p>\n<p><a href=\"http:\/\/www.myfintree.com\/retirement-planning.php\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-411\" src=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Copy-of-Doc1_1.jpg\" alt=\"\" width=\"630\" height=\"291\" srcset=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Copy-of-Doc1_1.jpg 630w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Copy-of-Doc1_1-300x139.jpg 300w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/03\/Copy-of-Doc1_1-360x166.jpg 360w\" sizes=\"auto, (max-width: 630px) 100vw, 630px\" \/><\/a><\/p>\n<p><span style=\"color: #993300;\"><span style=\"color: #008000;\"><strong><a style=\"color: #008000;\" href=\"http:\/\/www.myfintree.com\/retirement-planning.php\"><u>What is retirement planning?<\/u> <\/a>\u00a0<\/strong><\/span>\u00a0 \u00a0<\/span><\/p>\n<p>Retirement planning\u00a0is the\u00a0planning\u00a0one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices as how to spend time during\u00a0retirement, where to live, when to completely quit working, etc.<\/p>\n<p><span style=\"color: #008000;\"><strong>Reasons why you should start planning your retirement from early age<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Shortfall in savings:<\/strong><\/span><\/li>\n<\/ul>\n<p>The normal savings of a person are less likely to sustain the income needs post retirement. The pension that one may receive from pension schemes will not be sufficient to maintain the lifestyle.<\/p>\n<p>The increase in the inflation rate year by year would eat up your savings<\/p>\n<p>With the advancement of technology in medical field the average age of a person has increased and to sustain for longer period a person need to have a good amount of retirement corpus.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Rest and relaxation: <\/strong><\/span><\/li>\n<\/ul>\n<p>After fulfilling all your responsibilities, you may now want to enjoy your second innings; you need to build a retirement corpus to go on holidays, to pursue a hobby etc and for avoiding any dramatic change in lifestyle post retirement.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Desire and need to remain independent:<\/strong><\/span><\/li>\n<\/ul>\n<p>The want to not be dependent on their kids for living post retirement but in fact contribute to the family by providing and supporting the kids or grand children for achieving milestones of their life.<\/p>\n<ul>\n<li><span style=\"color: #993300;\"><strong>Lack of social security system:<\/strong><\/span><\/li>\n<\/ul>\n<p>There is no social security system in our country. Hence one has to plan to build the entire corpus to help meet the regular income or any contingency post retirement.<\/p>\n<ul>\n<li><a href=\"http:\/\/www.myfintree.com\/general-insurance.html\"><span style=\"color: #993300;\"><strong>To meet with medical expenses: <\/strong><\/span><\/a><\/li>\n<\/ul>\n<p>It is not just about meeting the expenses of major health issues but to match up with daily health care expenses such as medicines, vitamins, regular checkups etc such health care expenses would easily consume significant part of your savings. So in order to meet such expenses post retirement one should start saving now.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #993300;\"><strong>Make a wise decision and<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.myfintree.com\/systematic-investment-planning.php\"><span style=\"color: #993300;\"><strong>START SIP TODAY<\/strong><\/span><\/a><\/p>\n<div id=\"s-share-buttons\" class=\"horizontal-w-c-square s-share-w-c\"><a href=\"http:\/\/www.facebook.com\/sharer.php?u=https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/\" target=\"_blank\" title=\"Share to Facebook\" class=\"s3-facebook hint--top\"><\/a><a href=\"http:\/\/twitter.com\/intent\/tweet?text=Plan for Your Retirement\u2026!!!&url=https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/\" target=\"_blank\"  title=\"Share to Twitter\" class=\"s3-twitter hint--top\"><\/a><a href=\"https:\/\/plus.google.com\/share?url=https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/\" target=\"_blank\"  title=\"Share to Google Plus\" class=\"s3-google-plus hint--top\"><\/a><a href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/\" target=\"_blank\" title=\"Share to LinkedIn\" class=\"s3-linkedin hint--top\"><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>\u00a0 Plan for Your Retirement\u2026!!! You need to plan in advance to enjoy a secure retirement later Your Future is dependent on your present decision What is retirement planning? \u00a0\u00a0 \u00a0 Retirement planning\u00a0is the\u00a0planning\u00a0one does to be prepared for life <a href=\"https:\/\/myfintree.com\/blog\/plan-for-your-retirement\/\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-410","post","type-post","status-publish","format-standard","hentry","category-retirement-planning"],"_links":{"self":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/comments?post=410"}],"version-history":[{"count":6,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/410\/revisions"}],"predecessor-version":[{"id":417,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/410\/revisions\/417"}],"wp:attachment":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/media?parent=410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/categories?post=410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/tags?post=410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}