Plan in Advance for a retired life

1
Plan in Advance For a Retired Life
2
Retirement

• Retirement plan are a conclusive way to protect
  that your present lifestyle is retained after
  your professional income stops. So start planning
  for your retirement plan today by which you can
  live with pride without compromising on your
  living standards. You have different option
  available in form of life insurance company like
  Maxlife, HDFC Life, iciciprulife and LIC for
  retirement plan.

3
Why Choose a Retirement Plan?

• Retirement plan is managed by the retired life
  with adequate financial support. You have to
  invest in a good insurance plan because
• You are entitled to guaranteed annual income
  after retirement.
• Get guaranteed income for life.
• Get flexibility in tax free benefits.
• Enjoy multiple tax benefits.

4
How to choose a retirement plan?

• Research online and read all about retirement
  plans.
• Get to know its benefits and hidden terms.
• Approach a bank for loan.
• Understand all the clauses and dont ignore any
  clause of the document.
• Once everything is clear in your head then go
  forward a choose the best retirement plan
  matching your requirements.

5
When is the right time?

• Retirement is the goal for which every individual
  has to plan, whether in job or having a business.
  Earlier people used to spend 25-30 years in
  retirement phase. But now it is advisable to
  approach the friend who has taken it before or
  directly ask insurance broker about the right
  time to take a retirement insurance.

6
Types of Retirement Plan

• Different types of retirement plan
• Individual retirement Arrangements (IRAs)
• 401(k) plans
• Simple IRA Plans (savings incentive match plans
  for Employees)
• SEP Plans (Simplified Employee Pension)
• SARSEP Plans (Salary Reduction Simplified
  Employee Pension)
• Profit-Sharing plans
• Employee Stock Ownership Plan (ESOPs)
• Governmental Plans

7
Summary

• This PPT helps you understand your Retirement
  plan and explains what information you should
  review periodically and where to go for help
  while choosing Retirement Plan. One will
  definitely now know how to go about choosing a
  retirement plan.

8
(No Transcript)