On the other hand, a. If mr. Kumar has lived for email list more than 20 years after his retirement, he may run out of money if he continues to maintain the same lifestyle. In such cases, mr. Kumar needs to aggressively change his lifestyle, location, travel plans, etc. To reduce his expenses so that his retirement fund will last longer. 2. On the other hand, if mr. Kumar is unable to survive for 20 years after his retirement, there will be some unused funds in the corpus at the time of his death. Due to the uncertainty of life expectancy, additional safety margins can be applied to the calculation of the target retirement corpus to avoid running out of funds.
Obviously, this safety margin will come at the expense of the current lifestyle. It is important to manage the risks associated with building a retirement fund in a decentralized manner, as it can have a significant impact on your post-retirement lifestyle. If you have a email list long retirement period (for example, 20-25 years or more), we recommend investing in high-risk assets such as equity with high potential returns for the following reasons:1. You don't have to worry about short-term volatility as you expect high returns in the long run. 2. Even if the loss continues for a period of time, there is still time to increase contributions to the retirement fund to reach the goal.
To avoid uncertainty and unfavorable shocks, it is email list advisable to allocate more retirement corpora to low-risk assets as retirement approaches (less than 10 years). Post-retirement planning is complex and requires diligent effort and a high degree of personalization based on a variety of factors. Quick summary: with increasing life expectancy and living expenses, retirement planning is important, especially in an economy where there is no or unreliable social security system. There are several parameters that, when evaluated objectively and accurately, can lead to the development of a very accurate