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RETIREMENT

PLANNING
N. Vyshnavi
A. Jayadeep
P. Harsha
Retirement planning, in a financial
context, refers to the allocation of
finances for retirement. This normally
means the setting aside of or other to
obtain a steady at retirement. The goal
of retirement planning is to
achieve financial independence, so
that the need to be gainfully employed
is optional rather than a necessity.

process of Retirement
Planning
Step 1: Identifying your financial and
retirement goals
Step 2: Analyzing your current
financial situation
Step 3: Risk Profiling
Step 4: Asset Allocation
Step 5: Investment Allocation Strategy
Step 6: Periodic Monitoring and
Rebalancing
The process of retirement
planning aims to;
Assess readiness-to-retire given a
desired retirement age and lifestyle,
i.e. whether one has enough money to
retire; and
Identify actions to improve readiness-
to-retire.
Acquire financial planning knowledge
Encourage saving practices
Benefits of Retirement
Planning
Retirement planning helps you maintain your
desired lifestyle during old age. It helps you
plan for key life stage events leading up to
retirement. It provides financial security to
you and your dependents by enabling you to
make prudent investments during your
working years. It also enables you to make
the best use of your hard-earned money post
retirement. One of the key benefits of
effective retirement planning is to cover for
any contingencies arising from uncertain
events which can compromise your ability to
meet your financial goals.

Types of needs and life-events
to plan for
Buying a Home
Job Transition
Parenthood
Childrens Education
Childrens Marriage
Retirement Corpus
Post Retirement payout
Insurance
Tax planning

Some investment options
Stocks
Bonds
Government saving bonds
Treasury securities
Mutual funds
Real estate
Retirement plans
NPS

Some saving options
Savings account
Certificates of deposits
Money market funds
Top 10 Ways to Prepare for
Retirement

1. Start saving, keep saving, and stick to your goals
2. Know your retirement needs
3. Contribute to your employers retirement savings
plan
4. Learn about your employer's pension plan
5. Consider basic investment principles
6. Don't touch your retirement savings
7. Ask your employer to start a plan
8. Put money into an Individual Retirement Account
9. Find out about your Social Security benefits
10. Ask Questions



7 Golden rules of retirement

1.Save 10% of your income for retirement
2. Increase investment as your income grows
3. Don't dip into corpus before you retire
4. Withdraw 5% a year initially, then step up
5. 100 age = Your allocation to stocks
6. Borrow for education, save for retirement
7. Save 20 times your annual expenses






The 7 Biggest Retirement
Planning Mistakes

1. Assuming you have control over
when you quit
2. Ignoring the tax impact of
distributions
3. Not saving enough for medical costs
4. Failing to lock up lifetime income
5. Failing to lock up lifetime income
6. Underestimating longevity
7. Drawing down retirement savings too
rapidly
Would You Rather Have, A
Million Dollars Today, Or A
Penny That Doubles Every
Day For Thirty Days?

I Hope You Choose The
Penny!!!