Retirement Planning A Comprehensive Guide

Retirement is a certain event, and there is a good chance that you will live on even after you retire. As a consequence, you will incur expenditures long after you retire. In this case, the cost might be both expected and unexpected. Expected costs include home expenses, discretionary spending, children’s school or college costs, EMI outgo, savings and investments, and so on. Unexpected costs, on the other hand, include things like a medical contingency, a fund to compensate for job loss, and so on. As a result, it is critical to have a retirement plan in place to cover these costs. When you hear the phrase retirement planning, your mind may race with ideas that might land you in a pickle.