A Systematic Withdrawal Plan may be a facility for normal income with the assistance of mutual funds. It gives the investor, the liberty to enjoy the life one has always dreamt of post-retirement. One can withdraw funds from existing investment company outlays at pre-set interludes, be it fortnightly, monthly, quarterly, or maybe annually, which is …
Depart Happiness Post Retirement in a Systematic Manner Read More »
There are some clear differences in the defined benefits and the defined contributions routes These two methods are at the base of the retirement planning process. Everything from how the earnings will be distributed to the kind of earnings that will be available is determined by the option that one has chosen. For many people, …
Difference Between Defined Benefit vs Defined Contribution Read More »
The basic premise of the defined contribution method is that the onus of retirement planning is on the individual. This means that they take the necessary amount of risk in the entire venture. The starting point is the contribution and there is a defined amount or a specified amount that is contributed to start off …
The defined benefit plans have their own features. This means that it is very easy to recognize a defined benefit. For there is a certain amount paid to the employee when a specified time period is complete. Along with this various conditions also have to be fulfilled. There is no necessity of the payout being …
DEFINED BENEFITS AND DEFINED CONTRIBUTIONThese are two major ways in which retirement benefits are received. The nature of the benefits will also impact the way in which the planning process is conducted. The benefits at the time of retirement can come either through defined benefits or the route of defined contributions. Each method has its …
FACTORS THAT WILL IMPACT RETIREMENT PLANNINGThere are several reasons why each person requires a unique retirement plan so that their specific needs are taken care of. LIFESTYLEThe lifestyle maintained by a person has a significant impact on the monetary requirements during retirement planning. Post-retirement, one would like to maintain a lifestyle that is relative to …
10 Reasons Why Each Person Requires a Unique Retirement Plan Read More »
Retirement Planning ProcessThe retirement planning process consists of several steps. While details might differ from individual to individual, the broad outline remains the same. Set Your Financial GoalsThere is a wide range of areas relating to retirement for which one would like to set goals. One has to remember that the goals here will include …
Looking Beyond Finance For Retirement PlanningIf you look at the entire process of retirement planning the only thing that most people concentrate on is how does one achieve the goals set for the time of retirement by saving and investing the necessary amounts. This might seem to suggest that the entire process is only a …
PensionOne of the most common ways in which an individual receives amounts at the time of retirement is a pension. A pension is a regular payment received by an individual from an entity who can either be his employer or some other institution like a mutual fund or an insurance company. Pension plays a very …
What is Pension Scheme? Types Of Pension Plans? Retirement and Pension! Read More »
Pre And Post-Retirement EffortsThe process of retirement planning is not a one-time or even a one-step process that is completed in a short period of time. The process has to be performed over a long period of time, which will often last an entire lifetime. The process also has to be continuous so as to …
Pre And Post-Retirement! Meaning, Benefits, and Needs Read More »
