Planning an early retirement and not knowing where to start can be a time-consuming process. What consumes even more time is making the same mistakes that you could have avoided by knowing what others did and how things work. To help you kickstart your retirement plans, Finwise’s co-founder, Prathiba Girish joins Sakshi Batra to answer your questions.
Girish: So first of all 60 is a normal retirement. So for normal retirement, for example, 60-90 years of age, you will be spending 30 years in retired life. If you are 60 it does not mean you can run away from wealth-building assets like equities. For retired planning, we use a marketing strategy, from 60-65 years of age you can invest in safe liquid hedge funds, fixed deposits. For 65- 68 years of age, you can take some risk, you can invest in balanced advantage funds. After 68, you must look at a well-chosen portfolio for retired life.
Watch the full video to know more…
(Follow Money9 for latest Personal finance stories and Market Updates)
One of the trends that got accentuated during the pandemic was stays at small properties of five to 10 rooms in picturesque locations
In India, the segment of ETFs is slowly taking off and several mutual fund houses are offering ETFs to investors.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.