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Old Age Income : Who is not afraid of old age? When the body gets tired. The strength from mind to hands starts leaving. There is no support of income after retirement. In such a situation, worry is natural. But if you plan in time, your old age will not only be slow but will also be fun. First of all, are you saving enough money for this? If you are saving money well, are you saving it well? If so, then just convert that deposit into investment. If you think carefully and invest your saved money properly by combining SIP, EPF and NPS, then even after retirement, you will continue to enjoy income like salary.
Do safe planning for financial future
By making safe planning for your financial future, you can get rid of financial problems after retirement. Industry experts say that active planning should be done for the needs at the time of retirement. You should invest in your SIP in four stages. This will give you returns on annual basis of 10 percent more than inflation. You should also deposit a significant amount in your provident fund. It gives a return of 8.15 percent. Therefore, you should contribute more than 12 percent to your EPF. If you are below 45 years of age, you can also contribute significantly to NPS. NPS is a mix lifestyle fund of equity and debt. In this there is a mix of 75 percent equity and 25 percent debt.
Investing in real estate is also a good option
A fun future in your old age can also depend on planning your real estate portfolio. Therefore invest in residential and commercial property. It can give you annual returns of 8-9 percent.
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