Pension Plan - A Kitty for Meeting Post Retirement Income | PNB MetLife Insurance

Pension Plan - A Kitty for Meeting Post Retirement Income

PNB MetLife India 29-09-2016 01:07:08 PM
Pension Plan - A Kitty for Meeting Post Retirement Income

Everyone dreams of that perfect retirement. A time when all duties and responsibilities have been met with and, its time to stretch your legs and relax to life’s hard work and success. But retirement can also be plagued by health concerns and financial handicaps if you don’t play your cards right. A pension plan could be one of the most effective solutions to ensuring a good retired life. Read More


Retirement planning should be carried out based on two crucial factors:

  1. Your current income

  2. Your vision for retirement, based on your expected standards of living

The entire process can be split into two phases:

  1. The accumulation phase

  2. The distribution phase (retirement period)

It is important to begin saving for retirement as early as possible. The sooner you begin ‘accumulating’, the lesser the risk of you not being able to meet your targeted savings amount. It is also advisable to ensure that your investments are dynamic enough so that it allows that added flexibility of changing what you use it for in the future.

During the ‘distribution phase,’ buy some immediate annuity plans or create your monthly income through ways of renting out property, getting FD interest or plain dividends from stocks or any combination of these. This allows for regulating the inflow of money out of the investments made previously, letting you make wiser and more effective use of the same.

Retirement is meant to be a blissful period in your life. It is the last lap. A good retirement plan can ensure that you finish the race as comfortably as possible.