One of the most crucial stages in a person's life is retirement. As a result, a person must be able to retire not only professionally but also financially, which implies that a person's resources must be sufficient to live a comfortable living even in the absence of a regular monthly salary. Here are a few things you must check before buying the best retirement plan:
1. Does the plan help in accumulating a sufficient corpus for retirement?
2. Does the plan offer guaranteed income or returns?
3. Does the plan offer tax benefits?
Retirement has a direct impact on your spouse's financial security and freedom, especially in single-income households with dependent spouses. Unexpected contingencies may develop as a result of insufficient income after retirement, causing financial hardship not just for you but also for your spouse. Buy the best retirement plan to lead a worry-free post-retirement life.
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Time Stamp:
00:00 Introduction
00:10 Why do you need a retirement plan?
00:28 Ideal retirement plan
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