Plan Ahead For Your Golden Years

Hemant Rustagi
Chief Executive Officer, Wiseinvest Pvt Ltd.

"Planning for retirement can keep you focused on this very important goal of your life, and hence you must begin the process as much ahead as possible"

Everyone dreams of enjoying a comfortable retirement phase. Unfortunately, not many put in the kind of efforts required to make it a reality. Many investors delay investing for retirement thinking that they have enough time on hand to do so. That’s because most young people do not think about retirement, mentally or financially. In reality, for every 10 years of delay in the start of your investment process, you will need to invest three times as much each month to catch up. Then, there are those who prioritise short-term and medium-term goals at the cost of ignoring their needs during one of the most crucial phases of their lives.