Introduction
Retirement may feel far away, but the earlier you plan, the more comfortable and stress-free your golden years will be.
Why Start Early?
- Compounding works best when you give it time.
- You’ll need funds for healthcare, lifestyle, and inflation.
- Early planning reduces dependency on others.
Popular Retirement Tools
- National Pension Scheme (NPS) – Extra deduction under Section 80CCD(1B).
- Provident Funds (EPF & PPF) – Safe and government-backed.
- Mutual Funds (SIPs in Equity/Hybrid) – Long-term wealth creation.
Pro Tips
- Calculate your retirement corpus based on current expenses and inflation.
- Balance between growth (equity) and safety (debt).
- Review your plan every 3–5 years.
Conclusion
Retirement planning is not optional — it’s essential for a dignified, financially independent life after work. The sooner you start, the smoother the journey.
