All Newsletters

eServe Newsletter June 2014



LIC Jeevan Saral is closing on 1st January 2014
 
Life Insurance - best gift for your family

Have you thought about retirement planning?

Have you thought about retirement planning?

Close your eyes and take a moment to imagine your life after retirement. What do you see? Do you see a relaxed life or a stressful life worrying about finances? A relaxed life after retirement depends on your actions today. By investing now with a long-term focus, you can definitely fulfill your wish of having a comfortable retirement. Factors which you should keep in mind while creating your retirement plan Increasing healthcare costs Increasing age brings increasing health problems. Hence you should keep in mind the likelihood of increased medical costs and health insurance as you grow older. Inflation Unless you keep inflation in mind while planning for your retirement, your retirement fund may become insufficient when you retire. At an average annual inflation rate of 6%, your cost of living would quadruple every 24 years. To maintain pace with the increase in prices of your annual income will also need to increase each year after retirement. Points to consider while planning for your retirement. Go for a combination of multiple investments for retirement income. A guaranteed income plan after retirement is a safe bet. Your retirement income should increase every year. If you still haven't planned for your retirement, start planning now. Remember time is running out.