Retired Rare

Retired Rare

Retirement Planning!

Serene, tranquil and calm—that's the kind of life most people desire post retirement. People are living longer than ever before, which is obviously good news, but that means retirement is becoming more expensive. Only 11% of the working population in India has any form of social security for old age. Most young people today think of retirement as a distant reality.

The demographic composition of the workforce in India is younger than for many other major global economies. Thus, for many workers, retirement seems distant. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years haven't.

The idea of retirement is changing and there is more to retirement planning than saving money. After retirement the quality of life can be improved by spending more time with family members and also travelling to some places where we can get to know some good values as well as enjoy the nature.

The conversion into retirement is a very unique and dramatic step in life. Yet, the transition into retirement is rarely given the planning or thought it deserves. Unfortunately, far too many people go into retirement with no planning, and little understanding of what will happen. If one wants to continue with the same lifestyle or better than that post-retirement he has to think on it during working life only and should start investing wisely then only. A prerequisite for a comfortable retired life is detailed planning. You need to set goals, make investments and assiduously work towards achieving them.

Start investing early and regularly and compounded gains will provide financial security. Most people can achieve high wealth and retire as millionaires.
Make a list of your financial goals and what you own so you recognize the gap between the reality and your dreams.

If you start investing Rs.10, 000 per Annum at the rate of 13% compounding then the maturity amount (when you are 60 years of age) will be Rs.1, 300,000. Alternatively if you commence the same investment at the age of 35, then the maturity value at the age of 60 will be Rs.650, 000.
With a 10-year lag, the retirement savings at 60 years is more than halved!

Unlike previous generations most people living in the developed world can expect a long and mostly healthy retirement. So it is always the right time to start or increase investing but it requires patience and time. The longer the period of investment the less volatile the average returns.

Contrary to popular opinion, volatility should not be feared; rather, it should be recognized as a necessary part of the risk and reward relationship. The asset allocation and selection of investment vehicles keep changing as your risk-bearing capacity diminishes. A reasonable amount of volatility in an investment is the trade-off for higher long-term return expectations. As to managing retirement money, investors should not alter their asset allocation plan in response to short-term changes in volatility; however, they should review the reasonable long-term expectations for volatility, when creating their strategic asset allocation.

Many aged people wish to live apart from the family. Either because of the changing culture they want to live a life away from their children who no more heartily respect them or they want a living faraway from worldly tensions. And this has bring forth the concept of Retirement Homes. Retirement homes typically include enhanced features that can make living for the elderly far more secure and comfortable. Advanced medical facilities in and around the area, high-tech security systems, recreational choices especially designed keeping this clientele in mind and other superior facilities are a part of these communities. So, a smart approach early can make you build your future in your own way.

In both the public and private sector companies studied, the basic salary is 28-30% of the total salary. In case of the private sector, the basic salary for the top management officials ranges from 25 -40% of total salary while in case of other employees the basic salary ranges from 25% to 30% of their total salary. The mandatory retirement benefits are estimated on the basis of the basic salary. This suggests that the retirement benefits provided to the employees in general are inadequate to achieve a standard 60% Income Replacement Ratio upon retirement. This is clearly indicative of the fact that you have to plan for your retirement.

Retirement can be a meaningful phase in your life. A phase where you can follow your true passion. But it is very important to remember that every passion has a cost attached to it. In addition, there is the cost of maintaining your current lifestyle post-retirement.

Best Retirement Plan: A combination of various products like Mutual Funds, PPF, Fds, FMPs etc. A good financial advisor, depending on your investment profile can definitely help you in selection of different asset classes that can lead you to a wealthy financial future after retirement.
Decide how much income you require, how much you need to save regularly, select the suitable retirement plan and start investing regularly.

Now the early-goers who have actively thought of their post-retirement lifestyle and started investment in an early age will unquestionably garner handsome returns in the long-term. And then they have a lump sum of gratuity, provident fund dues etc. also in their hand. They have options of investing the earned amount again to enjoy monthly returns and live a life with a smile.

"When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened."

Make yourself in the 2nd category and make things happen for you. If you have little knowledge of how to utilize your savings into various investment avenues, consult a good financial advisor and let him make your dreams come true. But don't forget you should have a dream to make it happen. Start thinking now.

"May the dreams of your past be the reality of your future"

 

 

About the Author

Serene, tranquil and calm—that's the kind of life most people desire post retirement. People are living longer than ever before, which is obviously good news, but that means retirement is becoming more expensive. Only 11% of the working population in India has any form of social security for old age. Most young people today think of retirement as a distant reality. The demographic composition of the workforce in India is younger than for many other major global economies. Thus, for many workers, retirement seems distant. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years haven't. The idea of retirement is changing and there is more to retirement planning than saving money. After retirement the quality of life can be improved by spending more time with family members and also travelling to some places where we can get to know some good values as well as enjoy the nature. The conversion into retirement is a very unique and dramatic step in life. Yet, the transition into retirement is rarely given the planning or thought it deserves. Unfortunately, far too many people go into retirement with no planning, and little understanding of what will happen. If one wants to continue with the same lifestyle or better than that post-retirement he has to think on it during working life only and should start investing wisely then only. A prerequisite for a comfortable retired life is detailed planning. You need to set goals, make investments and assiduously work towards achieving them. Start investing early and regularly and compounded gains will provide financial security. Most people can achieve high wealth and retire as millionaires. Make a list of your financial goals and what you own so you recognize the gap between the reality and your dreams. If you start investing Rs.10, 000 per Annum at the rate of 13% compounding then the maturity amount (when you are 60 years of age) will be Rs.1, 300,000. Alternatively if you commence the same investment at the age of 35, then the maturity value at the age of 60 will be Rs.650, 000. With a 10-year lag, the retirement savings at 60 years is more than halved! Unlike previous generations most people living in the developed world can expect a long and mostly healthy retirement. So it is always the right time to start or increase investing but it requires patience and time. The longer the period of investment the less volatile the average returns. Contrary to popular opinion, volatility should not be feared; rather, it should be recognized as a necessary part of the risk and reward relationship. The asset allocation and selection of investment vehicles keep changing as your risk-bearing capacity diminishes. A reasonable amount of volatility in an investment is the trade-off for higher long-term return expectations. As to managing retirement money, investors should not alter their asset allocation plan in response to short-term changes in volatility; however, they should review the reasonable long-term expectations for volatility, when creating their strategic asset allocation. Many aged people wish to live apart from the family. Either because of the changing culture they want to live a life away from their children who no more heartily respect them or they want a living faraway from worldly tensions. And this has bring forth the concept of Retirement Homes. Retirement homes typically include enhanced features that can make living for the elderly far more secure and comfortable. Advanced medical facilities in and around the area, high-tech security systems, recreational choices especially designed keeping this clientele in mind and other superior facilities are a part of these communities. So, a smart approach early can make you build your future in your own way. In both the public and private sector companies studied, the basic salary is 28-30% of the total salary. In case of the private sector, the basic salary for the top management officials ranges from 25 -40% of total salary while in case of other employees the basic salary ranges from 25% to 30% of their total salary. The mandatory retirement benefits are estimated on the basis of the basic salary. This suggests that the retirement benefits provided to the employees in general are inadequate to achieve a standard 60% Income Replacement Ratio upon retirement. This is clearly indicative of the fact that you have to plan for your retirement. Retirement can be a meaningful phase in your life. A phase where you can follow your true passion. But it is very important to remember that every passion has a cost attached to it. In addition, there is the cost of maintaining your current lifestyle post-retirement. Best Retirement Plan: A combination of various products like Mutual Funds, PPF, Fds, FMPs etc. A good financial advisor, depending on your investment profile can definitely help you in selection of different asset classes that can lead you to a wealthy financial future after retirement. Decide how much income you require, how much you need to save regularly, select the suitable retirement plan and start investing regularly. Now the early-goers who have actively thought of their post-retirement lifestyle and started investment in an early age will unquestionably garner handsome returns in the long-term. And then they have a lump sum of gratuity, provident fund dues etc. also in their hand. They have options of investing the earned amount again to enjoy monthly returns and live a life with a smile. "When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened." Make yourself in the 2nd category and make things happen for you. If you have little knowledge of how to utilize your savings into various investment avenues, consult a good financial advisor and let him make your dreams come true. But don't forget you should have a dream to make it happen. Start thinking now. "May the dreams of your past be the reality of your future"

Rare $12.49 Rare

Retired $2.99 Retired Vinyl Sticker Retired Don't Ask Me To Do A Damn Thing

The Retired Cat by Cowper, William [Hardcover] $34.85 Kessinger Publishing is the place to find hundreds of thousands of rare and hardtofind books with something of interest for everyone Author: Cowper, William Binding Type: Hardcover Publication Date: 2010/09/10 Language: English Dimensions: 9.00 x 6.00 x 0.25 inches

The Retired Cat by Cowper, William [Paperback] $22.37 Kessinger Publishing is the place to find hundreds of thousands of rare and hardtofind books with something of interest for everyone Author: Cowper, William Binding Type: Paperback Number of Pages: 50 Publication Date: 2010/09/10 Language: English Dimensions: 6.00 x 9.02 x 0.10 inches

Retired Railwayman $24.99 Retired Railwayman - Photographic Print

Retired Soldiers $39.99 Retired Soldiers - Giclee Print

Retired Not Expired by Suzanne, Eda [Paperback] $19.46 In her satirical book, Ms. Suzanne shares her experiences as she paddles upstream into a new anything but dull life as a retiree. Readers will enjoy learning how she handles the daily challenges that await the aging babyboomersentering the Dorian Gray Generation, planning the party theyll never attendtheir own funeral, and deciding if or when they should move to a retirement wonderland. Retirement can be scary, unless youre Eda Suzanne, a wise and witty woman with a cando approach to life. Her book will warm your heart and make your belly ache from laughter. M.M. Anderson, Author of Werewolf Dreams Eda Suzannes stories will keep you laughing whether youre 30, 40, or 70. Its a great read and should be on every bookshelf, coffee table, and waiting room in the country Elizabeth Bonet, PhD, Marriage and Family Therapist Eda Suzannes writing shows a rare blend of humor, insight, and compassion. Sure her stories make you laugh, but they also portray a meaningful new approach to retirement. Sherry North, Author of Because You Are My Baby Author: Suzanne, Eda Binding Type: Paperback Number of Pages: 204 Publication Date: 2011/01/03 Language: English Dimensions: 5.00 x 7.99 x 0.47 inches

The Rare Collection $45 The Rare Collection

The Rare Monro $6.49 The Rare Monro

Rare and Unreleased $12.49 Rare and Unreleased

Rare Django $12.49 Rare Django

Rare Trax $12.49 Rare Trax

Rare Forms $9.99 Rare Forms

Live And Rare $10.49 Live And Rare

Rare Mod $10.49 Rare Mod

Rare And Unissued $12.49 Rare And Unissued

Rare Bird $10.49 Rare Bird

Rare And Unreleased $12.49 Rare And Unreleased

Rare Verdi $11.49 Rare Verdi

Rare Gems $8.99 Rare Gems

A Rare Hunger $13.29 A Rare Hunger

Good And Rare $7.79 Good And Rare

Rare Cuts! $7.99 Rare Cuts!

Rare Breed, The $4.99 Rare Breed, The

Rare Wood $15.99 Rare Wood

Medium Rare $11.99 Medium Rare

Rare & Unreleased $13.99 Rare & Unreleased

Rare Material $20.99 Rare Material

Retired - Consulting Fee $19.99 Retired - Consulting Fee - T-Shirt

Retired Pirate $3.49 Retired Pirate Vinyl Sticker Mr. Pirate has had a few too many, I love skulls and crossbones.

Retired Fart $1.49 Retired Fart Vinyl Sticker Brown and white oval sticker with black, white and red text accented with chrome.

Retired (USMC) $2.99 Retired (USMC) Vinyl Sticker white background with red wording in black box on the right and the US Marine Corps emblem on the left.

The Retired Kid $7.99 At the Happy Sunset Retirement Community, there's Ethel, Myrtle, Harvey, and Tex. And then there's Brian. The retired kid. He's here to escape school, homework, and daily chores. But retired living has its challenges, especially when you're sixty years younger than everybody else!

Rare Form $10 Rare Form - Locksmith

Retired General Augustine Mcintyre $79.99 Retired General Augustine Mcintyre - Premium Photographic Print