Make your retired/old age comfortable and honorable
Retirement Planning from IntimeFinance.com
Earn your own Pension upto Rs. 2 lakhs per month
You and your wife can invest Rs. 1000/- each and both of you are likely to get Rs. 1 crore each, i.e. total Rs 2 crore.
Create wealth through Systematic Investment Plans (SIP) of top-ranking Diversified Equity Mutual Funds (Growth Schemes). Mutual Funds promoted by State Bank of India, Life Insurance Corporation of India, Pru ICICI, HDFC, Tata, Reliance, Franklin Templeton, Fidelity etc.
Provision for pension
When you get this amount in lump-sum some amount can be invested in regular interest paying Government Schemes paying currently around 9% p.a and some amount can be invested in Diversified Equity Mutual Funds (Dividend pay out option) where approximate yield has been around 18% p.a in the past. You and your wife can expect to earn handsome monthly return (you may call it life-long pension) around Rs.1 lakh per month each i.e. total Rs. 2 lakhs per month for both of you.
This is how your money will grow in 30 years span
*Calculated at an expected 18% rate of return per annum from equity Mutual Funds in India, though the average return for the last 10 years has been more than 35% per annum in top ranking diversified equity Mutual funds
This is a hypothetical example showing power of compounding and benefit of long term equity investment
Avoid loan from Bank for peaceful life.
Investment in SIP (Systematic investment plan) of top-ranking diversified Equity Mutual Funds growth schemes will help you to accumulate huge funds conveniently in due course of time for buying your dream House/Flat with your own money .
