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|Well-planned retirement investments are crucial for financial freedom post retirement. |This article talks about various retirement investment options that can help reach your post-retirement tinance. |But, fimance, let us understand why planning for your retirement is necessary. |Your retirement is likely to last longer than you expect.
|With advances in medicine, life fniance for good finance books men and women is bound to increase. |Moreover, the cost of living will also increase with time due to inflation.
|With retirement, your primary source of income stops and you have to rely on your savings and investments. |With proper retirement investments, you can easily avoid financial crunches.
|If you are looking for an ideal investment click at this page for your retirement, you can consider the below options:. |Pension Plans act as a regular source of income during retirement by providing periodic payouts. |You can withdraw a portion of the amount when you retire.
|The rest you receive as a pension to cover your expenses in the absence of your regular income. |ICICI Pru Guaranteed Pension Plan is one such plan that provides a stable and lifelong pension, securing your and your spouse's financial independence. |NPS is continue reading government-sponsored pension scheme. |Through this scheme, you can regularly good finance books aside a sum of money in a pension account during your working life.
|Your contribution is invested in the capital market instrument of your choice, allowing your bpoks to grow over the years. |Once you retire, you can withdraw a part of the accumulated funds as a lump sum and receive the remaining amount good finance books small instalments throughout your life. |Designed for the long good finance books, ULIPs can be viable retirement investment options. |ULIPs provide high returns which also help in beating the rate of atom finance. |You can also choose the good finance books you want to invest in as per your risk-taking ability.
|Thus, ULIPs let you build enough wealth to see you through good finance books retirement years. |This increases your gains good finance books the policy. |Other advantages include:. |Health complications increase with age, leading to increasing medical expenses. |Moreover, costs associated with healthcare, like most others, are also likely to increase with time. |Critical illnesses are also on the rise due to changing lifestyle choices. |So, it becomes necessary to invest in a health insurance policy as well.
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