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Friday, August 27, 2021

Notes on retirement planning

Monthly expense multiplied by 200 is retirement fund minimum

10 per cent investment should be in gold or gold paper

100 less age should be percentage  invested in equity.

Real rate of return is interest less income tax less inflation

Check for SLR before investing. Safety, liquidity and return

If financial investment is less than 3 crore, real estate investment should be avoided. 

5 basic needs are house, car, children education, children marriage and retirement

Ideal saving is 30 per cent  Of gross monthly income. This includes pf etc.

4 schemes senior citizen saving scheme, pm vay vandan yojana, floating rate saving bond , systematic withdrawl plan debt fund ( offered by mutual funds)

Insurance should be ideally 10 times annual income











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