If you are not sure whether you are saving/investing ENOUGH for retirement, you are NOT.
If your age is about 30 years now, be ready to cross 92. Extremely high probability.
One way not to worry about retirement is of course to die early. Sadly euthenasia is still just being debated.
If you do not know how long your money has to last in retirement, plan for younger spouse’s life span to 93.
Most people spend more time in buying a dress or choosing a pizza topping than on Retirement planning.
If you bought a retirement plan thinking that will be enough, I need a photo of yours please, I need to put it on FB
Rebalancing your portfolio and Dentist visit. Painful, boring, must be done regularly, UNAVOIDABLE.
Target Date funds for similar risk profile is an indicative corpus, not guaranteed.
Most smart fund managers beat the index in India. Spotting them in advance is the skill that I do not have
Choosing a fund with a high cost is like choosing a great horse, but with a fat Subra as its Jokey.
Consider a Reverse Mortgage as a done, only after age of 75 years
People selling high price Annuities forget to tell you about the 40% commission that they just got..
If you think you are going to die at 70, clearly you have not been to any funeral recently.
No retirement calculator considers how you will react in panic at age 69 and the market is iffy
2 thoughts on “Some Retirement Axioms….”
VK
In someways living till 93/92 could be good news too! I now have over 60-years compounding time in the market! Good part of the corpus could gather mass as time rolls by!
MPSingh
With Subra as jocky any pony or a horse of any breed is acceptable.
VK
In someways living till 93/92 could be good news too! I now have over 60-years compounding time in the market! Good part of the corpus could gather mass as time rolls by!
MPSingh
With Subra as jocky any pony or a horse of any breed is acceptable.