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retirement planning News

Not saved enough for retirement? Top 5 things to do - here’s how to catch up

Retiring comfortably after starting late is achievable. Prioritize boosting savings significantly, even if it means trimming lifestyle expenses. Avoid high-risk investments; instead, focus on disciplined saving and a modest equity allocation. Consider extending your working years or exploring a reverse mortgage if your nest egg remains insufficient. These strategies can help secure your desired retirement.

Retirement planning 101: Why you shouldn’t shun annuities - explained

Retirees seeking financial stability should consider annuities, which offer a guaranteed lifelong income stream, unlike volatile market-linked investments. While not offering high returns, annuities provide crucial longevity protection and psychological comfort, ensuring essential expenses are covered without the fear of outliving savings. Experts recommend allocating 25-30% of a retirement corpus to annuities for a balanced portfolio.

Article image for: National Pension System: Not just a tax-saving tool — new rules, retirement benefits & more explained
National Pension System: Not just a tax-saving tool — new rules, retirement benefits & more explained

As India's private sector workforce steps into a new era of financial independence, individuals are urged to take charge of their retirement savings. The National Pension System (NPS) stands out as a strategic investment choice, boasting market-driven returns and offering recent updates that enhance user flexibility.

Article image for: NPS exit overhaul: PFRDA eases withdrawal norms for private subscribers; exit age raised to 85 - top thing to know
NPS exit overhaul: PFRDA eases withdrawal norms for private subscribers; exit age raised to 85 - top thing to know

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Article image for: Planning retirement with Rs 1 crore? Here is how to get Rs 1 lakh per month! All you need to know
Planning retirement with Rs 1 crore? Here is how to get Rs 1 lakh per month! All you need to know
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EPF vs EPS: Planning for retirement? Know benefits, interest rate & more
Article image for: Pensioners pay attention! Government to launch 4th nationwide Digital Life Certificate drive - here’s what you need to know
Pensioners pay attention! Government to launch 4th nationwide Digital Life Certificate drive - here’s what you need to know
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