Avoid These 5 Common Retirement Planning Pitfalls! Retirement planning is a crucial aspect of securing your financial future, yet many individuals encounter pitfalls that can impact their retirement goals. In this article, we'll explore five common mistakes to steer clear of to ensure a robust and worry-free retirement. 1. Neglecting the Impact of Inflation One of the fundamental errors in retirement planning is underestimating the impact of inflation. Failing to account for the rising cost of living can erode the purchasing power of your savings over time. Thus, I recommend investing in equity linked products which have the potential to beat inflation. 2. Delaying the Start of Your Retirement Plan Procrastination is a common adversary in retirement planning. Waiting too long to kickstart your retirement savings can significantly limit the growth potential of your investments. Starting early allows the power of compounding to work in your favor, providing a more robust financial cu...
Representative still: Veere Di Wedding By Tweak Editors SEX & RELATIONSHIPS February 14, 2021 20 questions to ask your partner before you decide to get married Prepare yourself to hear an answer you may not like In the plot-altering, tear-jerking scene from Yeh Jawani Hai Deewani, after Bunny utters the famous three words, Naina asks the million-dollar question: “I love you ke baad kya hota hai, Bunny?”. A stumped Bunny mumbles something unconvincingly, and an unimpressed Naina walks off, while Arijit Singh bursts into, “ Kabira .” Naina’s dilemma is a shared experience among young lovers, and most of us compulsively avoid that uncomfortable territory. When we couple up, we consider our relationships tamper-proof the moment our social media bios go from ‘single’ to ‘committed’. We’re certain that we know it all: how they love their coffee; how they cry like a baby while watching Shawshank Redem...
According to research conducted by Charles Schwab in the USA in 2020, 72% of households do not have a written financial plan. Only 40% of them have undertaken some amount of planning but not at a formal level, while the rest have made no preparations at all. The figures are still lower in India! This shows an evident pressing need to make financial advisory accessible to the masses. In recent years, many stakeholders have put considerable effort into spreading financial literacy. Every individual must have a financial plan tailored to their risk profile, family history, cash flow, liabilities, and financial goals. Given the dynamic nature of one's income and aspirations, regular analysis and revisions to financial plans are inevitable. Being well-versed in the latest developments in economics, finance, technology, taxation, and other nuances of investing is imperative. The seemingly complex and time-consuming nature of financial planning makes many people shy away from it or seek ...
Comments
Post a Comment