The earlier you start saving/ investing, the more you can accumulate for your retirement.

It is best to start investing and saving as soon as you earn. This way, your investment gets more time to grow. Later you will realize how powerful compounding is and how it makes a huge difference in returns.

You should also create a nest egg by putting aside a certain fixed amount every month, according to your affordability. These act as safety cushions/ parachutes and can be used for any future contingency. You will do well to look into equity, mutual funds, and guaranteed income products. PTC is just a phone call away, so do reach out to us if you need assistance.

That is entirely dependent on you. One can learn to live with their means. The issue here is the pension adequate for sustaining your living standards for the long terms. Government pensions under the old pension scheme had a mechanism to protect against inflation and as a result pension incomes would rise periodically. This is proven unsustainable, and a fixed income regime is being implemented now. As a result, the pension income may not be adequate for the long term considering the inevitable inflation.

So, it is prudent to have additional income sources for your retirement. Rentals incomes, mutual fund withdrawals are alternative arrangement you can plan for. An equity linked investment alone will protect you from inflation. Other wise surpluses in your current income needs to be reinvested again into savings for future incomes.

More? Financial planners often recommend replacing about 80% of your pre-retirement income to sustain the same lifestyle after you retire. This means that if you earn Rs.100,000 per year, you will aim for at least Rs.80,000 of income (in today's rupees) in retirement.

Retirement incomes should sustain a lifestyle you are used to and ideally what you may be aspire to. Retired life should be active and one should take it as an opportunity to take up long withheld interests. Travel, social activities, hobbies, physical exercises should be large part of your life. Then there can be debilitating medical issues, support for children, siblings and even friends.

So ideally your retirement income should be as much as your last earned income and growing in the future. A well planned and disciplined effort in your earning years will hold your retirement finances in a strong footing for this. We at PTC are at your service.

The lifestyle you are used to should be maintained. So in the first place live within your means so that retired life expense are well within your means to start with.

For many, retirements take away many perks of employment. Your access to many benefits, facilities and support systems may be curtailed. Travel expenses, club memberships, medical insurances, subscriptions amongst all other things should be considered. Then there are additional capital expenses like a new motor car down the years to be considered. Have you considered that in old age you may need more support – a driver, servants at home may even a home nurse. So do away with the notion of a scaled downed requirement during retirement. To look forward to a happy retired life requires you to be adequately funded in the first place.

Not one investment type fits the bill for all what you need in retirement. Your incomes and investments should be protected from your own tendency for undisciplined spending or even over withdrawals from your capital. An ill informed diversion to an risky investment at this stage can ruin your finances and then your lifestyle.

A basket of income streams will provide for a base level of protected income, another stream of flexible income to access for increasing requirements and emergencies , A nest egg for some future investments be it a holiday home or a vacation package or a medical emergency corpus should also be provided for.

A well planned investment portfolio will sustain your capital, provide for increasing expenses, will be adequately liquid , tax efficient and easily managed.

Income baskets are groups of different types of income based on factors like stability, needs, the longevity of income, manageability, taxation, and corpus appreciation. The basket concept helps taxpayers understand which sources of income provide them with gains and which provide them with losses.

Face yourself in the mirror

· When will I retire

· What I want to retire

· When can I access it, what is my income now

· How much can I save

Put all this together and plan. It is best to ensure a professional help you with this. After this, we can help you to implement it for you.

Ask yourself the following hard questions - when do you intend to retire, and how much money do you think you will need then, how much of your current income can you save now, what are the best investment options available, when can you access the savings? After this exercise, you might have a general idea but may not know how to proceed. It is best to seek professional advice to help you with your retirement planning. After this, PTC can help you to implement it.

Many. To start with make your mind when you want to retire. If no time horizon is in sight plan for a projected requirement from a normal retirement age… say 60 years . You may still earn actively but your retirement portfolio should be all set. Many components of the portfolio may be planned to start yielding for a later year . All of this can be worked out.

Factors to be then considered are how much income, by when, how much is the base level of protected income, which component of the retirement portfolio will grow to match inflationary pressures and increasing demands. Check how long this can be sustained.

An integrated portfolio of income streams can be implemented and we at PTC will handhold you in this journey.