Are you saving too much for Retirement?

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Are you saving too much for Retirement?

Dear Investors, As We all Know Indian cultural traditions, Indian parents and grandparents wish to pass on their wealth, assets, etc, to the future generations. "To do so, many senior citizens lead a tight-fisted life to pass on to the next generation. As a result, they do not provide themselves with basic comforts,'' "We have noticed people who have a sufficient corpus but they still invest and save for their well-settled offsprings instead of living their lives. For such people, we always recommend that they begin living their lives fully so they have no regrets at the end. Frankly, if their offsprings are well-educated and financially settled, they really need not save for them or leave money for them.''

Calculate your needs and expenses

Rather than worry needlessly, it would make financial sense to work out a budget for the post-retirement years and save and spend accordingly.   The first step is to calculate the amount of money one needs for life after retirement. "You need to calculate the household expense today and take the future value of the same for the first year of retirement.   For example, if your monthly expense is Rs 50,000 today for a 40-year-old person, the future value of the same amount at 7% inflation would be Rs 1,93,484 after 20 years, that is, at the age of his retirement. This works out to having a corpus of Rs 4,64,36,214 for the next 25 years (considering that the average lifespan is 85 years),''    Apart from the retirement corpus, you must have a 5-10 lakh invested in short-term funds or fixed deposit for medical needs along with this also create a corpus for 3-6 months of expenses in cash deposits or liquid funds.   Let us help you to calculate your needs and expenses and plan your investments in more efficient manner.

CLICK TO REACH US   If interested call us on: Mukesh Gupta  +91-9810184368 B Com, FCA, CPFA, CFP^CM  Director Or Prabhakar Sharma +91-9899835232 CFP^CM, CWM Wealthcare Securities Pvt. Ltd. A 54 A, Lower Ground Floor, Lajpat Nagar- II, New Delhi-110024 Give us a Missed call on +91-98710 90316 to arrange a call back from our office Do Whatsapp +91-9582012572 Telephone No 011- 4657 5550 (Five lines) sa...@wealthcareindia.com  www.wealthcareindia.com