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Vijay Victoria +91 93427-16935
Monica Victoria +91 93427-16935
Harsha Varman +91 947-16935
Vijay Victoria +91 93427-16935
Monica Victoria +91 93427-16935
Harsha Varman +91 947-16935
Have you planned for the time when you cannot earn any income? A time when no bank will be willing to offer you a loan? A time when expenses are still to be met without any earnings? How nice it would be if you are in a position to give your children even after your retirement?
As soon as a person takes up her first job, the first goal she needs to save and invest is for her Retirement! The reason: after retirement she is expected to live for another 25 odd years without any income from employment. For this she needs to create a corpus that is adequate enough to pay for the expenses during her entire retirement period.
As the employers around the world shifts their retirement contribution from Define Benefit Plans to Define Contribution Plan, it becomes imperative that the retirement corpus grows adequate enough to buy annuities that can pay adequately throughout your retired life.
At Jaspar we counsel you about your retirement needs and review it as and when there are changes in your employment or as and when any event occurs in your family. We offer a suit of retirement products that are suitable during the accumulation stage and during your distribution stage. We strongly recommend and enable investments through NPS before picking up any other investments for retirement.
Learn about various strategies to generate income in retirement
The amount of money you should save for retirement depends on your individual circumstances, such as your expected lifestyle in retirement and how long you expect to live. A general rule of thumb is to save at least 15% of your income for retirement, starting as early as possible. It's also a good idea to consult a financial advisor to determine a specific savings goal for you.
A Roth IRA is a type of individual retirement account that allows your money to grow tax-free. Withdrawals in retirement are also tax-free. Another benefits is that you can withdraw contributions at any time without penalty. With traditional IRA, the contributions are tax-deductible, but withdrawals in retirement are taxed.
To maximize your employer's retirement plan contributions, you should first take advantage of any employer matching contributions. You should also consider increasing your contributions over time, and investing in a diversified mix of assets that align with your risk tolerance.
The best way to generate income in retirement depends on your individual circumstances, including your savings, investments, and pension plans. Some strategies include investing in income-producing assets, such as rental properties or dividend-paying stocks, using annuities to provide a steady stream of income, and downsizing to a smaller home to generate proceeds from the sale of your primary residence. It's a good idea to consult a financial advisor to determine the best strategy for you.
Vijay Victoria +91 93427-16935
Monica Victoria +91 93427-16935
Harsha Varman +91 947-16935
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