Do You Fear Running out of Funds when you Retire

Do You Fear Running out of Funds when you Retire

The thought of saving for my retirement first struck me when I was in late 30’s; the more I thought about it the more it was unsettling. I somehow, somewhere had a feeling deep inside me, like in bollywood movies “Film ki taraah, humaari zindagi mein bhi, end tak sab kuchh theek ho jata hai.”But shall I leave my fate to decide how will I live my second inning of life, when I want it to better than my first, particularly after working tirelessly for all these years. So to make a plan for myself first time in my life I sat to jot down what I want from life when I retire & what are the risks involved: powerpoint indir ücretsiz türkçe

Dream Post Retirement Then it hits you : Realty Check
I want to maintain my similar lifestyle. Can I really afford this lifestyle
Travelling the world is another top priority. Did I save enough
Reconnect with extended family members/friends. Do I have the right investments
Volunteer for NGO’s- Giving back to society Am I going to outlive my funds
Rekindle old hobbies/ Start New Ones Would I’ll be debt free before retirement
Find my spiritual side Calmness replaced by an overwhelming panic

What I need to do to fulfill my Retirement dreams:

  1. Prepare a budget: With a watchful look at your bank account statements you will realize where the money is going, you will be surprised to view that monthly/ quarterly some unnecessary expenditure is happening which you can curtail. Without it you would not know where money is vanishing.
  2. Determine your Portfolio allocation: As per your risk tolerance your retirement plan should have a right mix of funds which generate desired returns without compromising on safety.
  3. Strategies to turn your portfolio into Paycheck: Since your income will stop once you retire, your portfolio should be capable enough to keep that regular inflow coming. There are various strategies that your financial advisor would be able to help you with regarding the same.
  4. Start Today: Running out of money is a frightening imagination, but with proper retirement planning you can achieve your goals, so the mantra is “Start Now” movavi clé d’activation

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