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...
WELL-BEING // July 29, 2020 The Financial Planning Mistake You Should Never Make Expert tips to map a thriving future, one that sees you comfortably sitting on wisely invested assets. By Binoli Dodhiwala , Social Entrepreneur at The Money Managers Photo by Micheile Henderson/ Unsplash Raj Mehra (name changed) was working in one of the top airline companies. He was married to a poet and had a two-year-old daughter. He felt his good six digit monthly salary was enough to serve the loans and household expenses, including the EMI on their luxurious 3BHK house and sedan. As we all know, the aviation sector is very cyclical and the firm was going through a tough time due to very high oil prices. One fine day, Mehra suddenly got the pink slip and was asked to not return to work from the following day. Life shattered for him as he had a family to run, EMI for a luxurious house and a car loan. The most important thing which was missing in this was that he had zero s...
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...
Comments
Post a Comment