Amit Sethi
Identify short and long-term financial goals before retirement planning, and prioritise the immediate goals first.
Assess financial needs based on lifestyle, inflation, health, emergencies and requirements for a contingency fund.
Align the budget with short and long-term financial goals to ensure adequate savings to achieve the objectives.
Investing in proper investment tools based on age, risk appetite, etc., is vital to generate returns and achieve retirement goals.
Diversify investments to minimise risks and achieve financial goals.
Ensure that you review the retirement plan and make necessary adjustments as per the market situation, inflation, etc.
Starting early in retirement planning will give you more time to build a retirement corpus and explore more investment options.