What is planning for retirement? Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and dreams on your own. This includes setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings.
NATIONAL PENSION SYSTEM
The National Pension System (NPS) is a voluntary, defined contribution retirement savings plan created to help members make the best choices for their future via methodical saving throughout their working lives.
RETIREMENT SAVINGS FUND
Retirement funds are also known as ‘Pension Funds’. These are the funds that invest a specific portion of the investment towards the investor’s retirement planning.
LIC
The pension plans from LIC give you the optimum security to find joy in your senior years. Lifetime income that brings you comfort. Enjoy predetermined set payouts at regular periods.
SYSTEMATIC WITHDRAWAL PLAN
Systematic Withdrawal Plan (SWP) is a facility that allows investors to take a fixed amount out of an existing mutual fund at regular intervals.
