Saturday, July 19, 2014

Retirement plan for Indians



Why retirement plan is very important for Indians, all the statistical data shows India is young country with major population are below age 25. In other words after 30 years India & China will have the elderly citizen in the world.

So planning your retirement in young age will be better option for you and for the nation. Else one day the same young citizen will be the burden for the nation.



Retirement Options available for Indians

Post office Monthly Income Scheme: 

This scheme allows you to invest any amount between Rs 1,500 and Rs 4.5 lakh per year in case of individuals and Rs 9 lakh per year in case of a joint account. It offers a return of 8.40% per annul, which is payable monthly and has a maturity period of five years.

Monthly Income Monthly Insurance plans:

There are lot of monthly income schemes available in the market with lot of smart saving options. You need put in additional effort on research the plans and start your investment.

Mutual Funds:

When it comes to mutual fund you’re taking little or more risk on your investment, if you’re investing MF take time and research before investing. SIP is good option for your regular investment.

Govt. Security Bonds

You are not taking any risk but your returns will be limited. With  fixed percentage, but you will get your returns for sure.

PPF:

Public Provident Fund is another option and very famous among the salaried population. Recently government also increased the slab from 100,000 to 150,000 per year.

So plan your retirement before it’s getting late.  Sit back and relax and do the things they never got a chance.

For any investment related questions please visit : http://way-2-invest.blogspot.in/

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