It is very essential t plan your retirement and start saving as early as possible. For someone who wants to start retirement planning, your first step is to identify how much retirement savings you need to wish to maintain your lifestyle and expenses post-retirement.
Here are a few Factors to Consider While Planning for Your Retirement as suggested by Axis Mutual Fund:
- Keep a retirement budget
- Identify your risk appetite
- Figure out how many years you have in hand before you retire
- Income sources post retirement
- It’s never too late to start retirement planning
- Stay off debt
- Invest within your limits
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Consider connecting with a Financial expert for smooth retirement planning.