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What is Retirement Planning?

Thursday, August 30, 2018, 9:18 AM

Retirement planning is the process of planning and managing your short and long-term finances to help achieve your financial dreams both during your working years and retired life. It involves analyzing your financial objectives, current financial position and expected future cash flow to develop a comprehensive retirement roadmap.
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#6. Immediate annuities

Tuesday, April 10, 2018, 11:55 AM

Retirees could also consider the immediate annuity schemes of life-insurance-companies. The annuity is currently around 5-6% per annum and is entirely taxable. There are about 7-10 different pension options, including pension for a lifetime for self, after death to spouse and post that the return of corpus to heirs. The immediate annuity may not suit an investor who is capable of selecting and building his own portfolio.
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#5. Tax-free Bonds

Tuesday, April 10, 2018, 11:49 AM

Tax-free bonds, although not currently available in the primary market, can also feature in a retiree's portfolio. They are long-term investments and mature after 10, 15, 20 years. Invest in them only if you are sure that you will not require the funds for such a long period. The interest is tax-free therefore there is no Tax Deducted at Source (TDS).

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