Retirement planning must be backed by satisfactory advice from specialists, mentioned Ananth Narayan Gopalakrishnan, Whole Time Member, Securities & Exchange Board of India (SEBI) whereas sharing insights on retirement planning on the ‘40After40’ Premier Retirement Planning Expo held not too long ago on the Jio World Convention Centre organised by Outlook Money.
He urged folks to deal with it as monetary planning and mustn’t delay until outdated age and moderately do it ‘right now’. He harassed the significance of understanding one’s threat urge for food, diversifying investments, and looking for professional advice to avoid scams.
According to Vishal Kapoor, CEO, Bandhan Mutual Fund, investing for retirement must be thought-about extra than simply chasing returns. “Future expenses, particularly medical costs, are often underestimated. Aligning investments with specific lifestyle goals and anticipating evolving expenses is crucial,” he mentioned.
“Strategic planning ensures that investments not only beat inflation but also sustain the desired standard of living in retirement,” he added.
Highlighting the significance of fairness funding in retirement planning, Vijay Chandok, MD & CEO, ICICI Securities, mentioned although it’s advanced and dangerous, its magic of compounding over the long run shouldn’t be underestimated.
Speaking about securing the long run, V. Vaidyanathan, MD & CEO, IDFC FIRST Bank mentioned, “Embracing retirement planning is like stepping onto the cricket pitch. Start early, as delaying your financial innings can lead to unexpected challenges. Secure your future today, ensuring a stress-free retirement down the line.”
