(The author is a financial planning coach,founder and CEO of Money Avenues, a Wealth Management firm based in Chennai.Mail your views to reachyourcoach@yahoo.com)
Insights into Retirement/ Pretirement
There have been several insights into retirement/ pretirement patterns. A recent survey captured some of the trends in retirement planning which are worth making note of for our benefit. A gist of the survey has been provided here for our readers...
1. Among other things, GOOD FINANCIAL PLANNING has been ranked the most important tool for a happy retirement life.
2. On the comparison with our parents' generation, lack of security in career and jobs is ranked on the top of the list. Which in essence means we need follow a financial plan and that too to be implemented @ the earliest in our lives. The next on the list is on the lower returns on our investments.
3. Top financial worries on the retirement is about the unexpected events, followed by rising health costs and lack of performance in one's investments. Hence the importance of financial planning...
4. Most importantly and interestingly, the survey finds people who make financial plan have more savings and investments for their retirement life than the people who do not follow a plan.
(The author is a financial planning coach,founder and CEO of Money Avenues, a Wealth Management firm based in Chennai.Mail your views at: reachyourcoach@yahoo.com)
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