Retirement Planning

Paisa Invest – Best Retirement Planner in Kolkata, India

Retirement planning refers to the entire process of evaluating our finances and setting a specific time period, till when we want to work and forecasting about the income sources to carry a lifestyle even when giving up on working. Most of us work at our full potential at our early stage of life to reach at least to a minimum level of required financial objective where we can rely on our savings and passive incomes to take a break from work permanently. This planning basically comprises of being prepared at the present time for the future.

Such prepayments include setting certain financial goals to retire where we don’t have to work and we can also carry a lifestyle and for which we have to set required steps to achieve it and work for it. One keeps aside a certain fraction of his / her income at present and allocate it to different investment options such as fixed deposits, equities, bonds, mutual fund, financial policies, pension plan, etc. for a steady flow of income after retirement. The kind of retirement planning varies depending on income level, nature of the job and what age one wants to retire and get financial freedom.

Benefits of Retirement Planning

Generating a steady flow of income at an early age without working. One can take a break from his/her orthodox work and focus on applying their talents and experience to some that generate revenue and enjoy self-company.
Take better care of health –The individual who retires from work at every age get more time to focus and allocate their time to maintain and take care of their health. It also eliminates work-related stress and you get a break from your scheduled job.
Opportunity to start a new career – Early retirement gives freedom to explore new career options and practice hobbies. One can also monetize it and make a new income source while enjoying their work.
Spend more time with family – early retirement gives freedoam to spend more time with family and one can also look after their offspring better.
Other educational opportunities- Early retirement gives the freedom to practice fun-oriented activities and time to travel and explore new things and places. Early retirement also provides the time to undergo new education or research using past experiences and learning new things.

Six signs you are ready to retire early

Prioritize savings than consumption- Allocating a larger fraction of income into different instruments is a big sign of early retirement.
Free from debt – Debts are the financial burden that one won’t want to pay off after retirement. Being free from debt makes it easier to retire early as we don’t have anything to payback from the retirement funds.
Proper insurance of health – Health issues are very uncertain and some of its cures can cost a huge amount which we definitely don’t want to pay with our retirement funds that’s why having proper health insurance is a sign of early retirement.
Funds maximization – To retire early one needs optimum retirement funds to sustain and to reach that we need to maximize our funds by proper investment planning.
Having an income generation model- with the optimum funds for retirement one should allocate that fund in such a manner to generate a steady flow of money at fixed intervals.

We at Paisa Invest, Keep you and your goals as our priority. Not only the fulfillment of your goal is our responsibility, but we also make sure that this entire journey of making wealth becomes a safe & happy journey for you.

We have evolved ourselves as an eminent financial planning firm that is trusted for their professional competence, relied on for their unbiased & quality advisory.

Paisa Invest specializes in offering a holistic approach to Personal Financial Planning & Financial advisory services for our clients in India & worldwide.