
The idea of planning for retirement at a young age may seem unconventional to many. However, there is significant merit in starting early. When individuals begin earning, the focus often lies on fulfilling immediate financial goals rather than preparing for long-term needs.
A significant 57% of urban Indians worry their retirement savings will deplete within a decade, while only 24% are confident their savings will last beyond that. Alarmingly, 31% remain uncertain about the corpus needed to maintain their current lifestyle post-retirement, highlighting the need for better retirement planning and awareness, per a recent retirement survey.
While retirement might seem distant, establishing a financial plan early on will yield benefits in the future. Retirement planning is an essential component of a sound financial strategy, providing ample time to address potential challenges that may arise. Here are some tips to ensure financial security in retirement:
この記事は Mint Mumbai の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Mumbai の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン

India plans state-backed fleet to boost local shipbuilding
India is working on an ambitious plan to provide assured demand for ships built in the country from various state-owned entities and departments as it looks to incentivise investments in creating large shipbuilding facilities in the country.

Why Lymphatic Drainage Massage Is Having a Moment
The wellness treatment, used by celebrities and athletes helps reduce water retention and accelerates recovery

The U.S. economy depends more than ever on rich people
The top 10% of earners are splurging on everything from vacations to designer handbags

Influencers mustn't get to flex artificial muscles
Amid selective outrage over the BeerBiceps fiasco, let's not forget the role of other interested parties in fostering wide disregard of truth and civility. Will the right lessons be learnt?

Kim Kardashian's Skims label might just do it for brand Nike
With its new NikeSkims range, Nike could see the revival it needs
NHA offers more incentives to enrol hospitals in health scheme
NHA has made package rates more attractive, viable for private healthcare providers

Fintechs launch CBDC wallets: Is RBI'S e-rupee set for greater adoption?
Nine months after the Reserve Bank of India announced (RBI) allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and MobiKwik, have opened e-rupee wallets for their users in partnership with Yes Bank.
Indorama to pick up 24.9% stake in EPL for $220 mn
(IVE) will acquire a minority stake of about 24.9% in EPL Ltd, a global specialty packaging company and manufacturer of laminated tubes, from private equity firm Blackstone for $220 million.

New tax bill: ITR filing, NRI status decoded
Under the current Income Tax Act, 1961 (ITA), one is required to file an income tax return under section 139 if their income exceeds basic exemption limit.

Hopes high as India, UK restart FTA talks
No deadline set; quality of deal seen more important than speed