Basics of Retirement Planning

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Basics of Retirement Planning
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Agenda
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Retirement Planning
Uncertainty is fun sometimes. Going to work on a
birthday, half-expecting your colleagues to throw
a party, for example, is delightful. But some
surprises are ones you would rather not get.
Especially when it involves your finances when
you are old. This is why retirement planning is
imperative to ensure you can live your golden
years without any financial worries even when
faced with unexpected yes inescapable expenses.
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• How to approach retirement planning?

Approach Retirement planning?
Before beginning your retirement planning, it is
important to set goals, financial and otherwise.
You need to know what you want to save for your
childrens college, grandchildrens gifts, and
your own yearly vacations. Consider all of that
before starting the calculations and creating a
structure for the next few years. Here is how you
can go about planning your retirement
PowerPoint Presentation
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• Approach Retirement Planning

Calculate current expenses
Calculate current expenses Most of our current
daily expenses will continue into our old age, so
jotting those down will help to provide us with
an estimate of the expenses we will have to bear
in our old age. Calculate post-retirement
incomes and expenses This should help us
ascertain how much we will be making as a
retiree. Including all sources of income like
company pension, income from insurance, income
from property is recommended.  You can find out
how much money you need after retirement by
deducting the estimated income in retirement from
the estimated expenses in retirement. If the
estimated income in retirement is twenty thousand
and the estimated expense is fifty thousand, then
the net income needed after retirement will be
thirty thousand.
Calculate post-retirement incomes and expenses
Calculate needed corpus at the time of retirement
Aggressive saving in early mid-life
Investments
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• Approach Retirement Planning

Calculate needed corpus at the time of
retirement This depends on assumptions like life
expectancy, expected age of retirement, rate of
return earned from investments while accumulating
corpus, inflation rate and rate of return on
investments after retiring. Luckily, we live in
the twenty-first century and have access to the
internet, which is to say that the trouble of
scratching our heads for hours as we try to do
the math can easily be avoided by using a simple
retirement corpus calculator found on the
internet.  Aggressive saving in early
mid-life It is around this time that people bear
the most financial strain, what with kids'
education, mortgages and credit card debts, but
its critical to save up at this point because we
are still earning money and have time to invest
and earn interest. Investments Indulging in
low-risk investments will keep the money safe,
but prevent it from growing. Making equity
investments, such as in growth funds, will help
battle inflation and increase growth of money. If
one feels they dont understand the market well,
they may consider the aid of an asset management
company.
Calculate current expenses
Calculate post-retirement incomes and expenses
Calculate needed corpus at the time of retirement
Aggressive saving in early mid-life
Investments
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Conclusion
Some things to consider while retirement planning
would be the various social, demographic, and
economic factors that tend to keep shifting
during the process. And so, it is advisable to
keep an eye on these factors, build contingency
plans, and make all the relevant calculations
during the planning process. Old age can be
scary, but, once you take financial uncertainty
out of the equation, things can get far more
peaceful and manageable. .
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THANK YOU