Have you started your retirement planning yet? Having a retirement corpus before you retire is a must for everyone, it not only prepares you for your retirement but also helps in case of any unforeseen situations like a medical emergency. In this episode of Finance with Finfluencers, @I SPEAK ABOUT MONEY talks about how to build a retirement corpus, when should you start and how much do you need to save for it.
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00:00 Introduction
00:38 Why is retirement planning important?
01:53 How to build a retirement kitty?
02:27 Step 1: Calculate current annual expenses
02:53 Step 2: Calculate future annual expenses
04:36 Step 3: Corpus required to fund retirement expense
06:08 Step 4: Utilization of current assets and benefits
06:19 Step 5: Fresh investments required
07:18 What are Step Up SIPs?
07:52 Conclusion
Disclaimer:
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is for educational purposes only.
All trademarks, logos, and brand names are the property of their respective owners. All company, product, and service names used in this video are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement
All the creative assets(images, videos, graphics) are the property of their respective owners. The video is for education purposes only.
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