A beginner’s guide to a rocking retirement
PNB MetLife India 20-04-2017 11:59:13 AM
You have duly planned and saved for your retirement. But your retirement planning is just based on the vague idea that you have of your post retirement requirements rather than a concrete plan.
Life expectancy has increased and it is imperative that you ensure financial security when you retire. Things to consider before planning retirement: Read More
Make an early start –
Making an early start to planning and saving for your retirement allows money to grow. Each gain means further returns. With gradual passage of time, you miss out on the benefit of compounding, which could grow your money exponentially over time.
Keeping in mind inflation –
Not keeping in mind inflation could throw your retirement plans out of gear. Keeping in mind retirement is a long term goal; the impact of inflation needs to be accounted for.
Ensuring good insurance –
An insurance policy is important, to ensure financial support for your family in unfortunate events such as the bread winner of the family not being there anymore. It is imperative to buy a life insurance policy at the earliest and increase or decrease the cover as per change in liabilities.
Importance of buying a house –
Buying a house provides a sense of security. Having a home is a basic necessity and means major expenses and if you already haven’t bought it your pension plans should include it.
Here are some retirement plans offered by PNB MetLife:
- MetLife Money Back Plan with survival and maturity benefits
- MetLife Bachat Yojana with long term savings
- MetLife Smart Platinum with flexible premium payment options
The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.
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