How to Plan for Retirement as Per your Age

The thumb rule for retirement planning is - the earlier you start, the more you save. However, with age, your priorities change too. So, you need to factor in the cost of living in the present vis- a -vis future, inflationary pressures as well as healthcare costs. It is not about the "quantity", it is more about the "quality" and your future needs. Retirement planning has its pros and cons. It is upto you to choose wisely.

Choosing an ideal Retirement And Pension Plan

• The plan should offer guarantee as well growth on your savings
• The plan should offer you Flexibility to pay premiums
• You must buy a plan offered by a company with good bonus track record
• Should offer a comprehensive Life Cover
• You should be able to save tax on the premiums paid