Retirement Planning
| This must be your 1st priority in any kind of financial planning you undertake. Buying any pension policy would be a grave mistake, sheer waste of money, and such policies just cannot help you plan your retirement ever. Current policies do not give you total access to your funds at retirement; you get a steady or almost steady pension payout while inflation continues to exist even if you have retired. Pension is taxable; expect payout in the range of about 4-6% p.a. of the corpus you will hold with the pension provider. |
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A complete retirement planning module.
Given that this is a very long term goal, most of us unknowingly tend to ignore & procastinate planning of this area completely. We think that there is a lot of time available to manage this goal, and thus we prioritise other goals over this one. Sadly, most of us are quite late already!
This planning is an absolute essential for individuals who are salaried. Also a key area of importance for those who are self-employed to test whether they have enough and will have enough in the years to come.
No marketing oriented calculations here, as we are not agents of any institution and have zero interest in selling any product to you. Ultimately whatever is the answer in the calculations, our recommendation to you is that you should never ever buy a Pension Plan/Policy in either the form of an ULIP or Endowment/Traditional from any insurance provider.
Know & plan cashflows till you are 85 years of age.
Comprehensive retirement planning with cashflows detailing how much you would need during each year of your retired life.
Retirement income support cashflow to increase each year in order to combat inflation.
Ample cushion provided to ensure that cashflows happen without any risk or minimal risk to corpus funds.
Entire corpus is fully liquid, flexible and also allows you to take advantage of safe opportunities.
Cashflows detailing how to build the estate corpus so that you are reasonably sure that your funds will outlive you.
Your plan is likely to be in the range of 10 to 20 pages or more depending on your requirements.
Any level of customisation is possible – just depends on how much would you like to customise!
Results will keep emerging as you enter data
You obviously would have budget restrictions and thus you may modify / amend / fine-tune results by using our smart 'Comments & Tips' to customise results.
Note that planning solutions are live and dynamic; again here you may use our smart tips to play and simulate scenarios and results.
Once you are sure of everything simply generate the retirement financial plan. Print your Financial Plan instantly and / or view it online. A copy of the plan will also be emailed to your registered email id.
If your situation changes in 6 months, use the 1 free modification facility to upgrade your retirement financial plan.
Be realistic in your expectations.
Review your need from time to time and adjust your allocation to Retirement Planning accordingly.
View / Download the structure of the plan, so you have an idea of what to expect.
There is no magic here; it’s just authentic financial planning solutions from Transcend.