Why you must start early on retirement planning?

The key to retirement planning success is to start early. Let’s start with why you should start planning for your retirement at a very young age:

1. Life expectancy: As of 2009 the life expectancy at birth for males is 60.8 years and 62.5 years for females in India. Source: Wikipedia

With rapid advancement in medical science, life expectancy is likely to increase. Resulting in more number of years you will have to fend post retirement.

2. Inflation and other uncertainties further put a dent in your corpus
Hence, people have to develop a corpus to last them through their retirement.

Retirement planning is an important step in everyone’s life, regardless of their age and profession. After all, everyone wants to live comfortably and enjoy themselves in their retirement, so it is essential to begin preparing and planning for retirement as early on as possible.

We at Karvy Private Wealth understand the seriousness of Retirement planning. Hence we have designed a separate service – Retirement planning – to offer you the right ideas and actions on this front.