There is much more to retirement than just lazing in the arm chair or taking morning walks. With increased life spans of more than 25-30 years post the normal retirement age, retirement today takes a lot more planning in terms of putting away a sizeable corpus that ensures a reasonable quality of life, medicare support and adequate contingency finances. This can only be done if we take retirement as a clear goal and work towards creation of a corpus that is created to start providing adequate returns once we retire factoring in aspects such as inflation, taxes etc.
- Planning to Retire: Retirement Planning must not be viewed as distant reality. The first step to draft a plan considering below 3 question in mind
»When you want to retire?
»How much money you need when you retire?
- Creating a Retirement Plan: Retirement Planning must be developed keeping in mind increasing medical costs, increasing interest rates etc. At Pelican we explore various investment options to suit your retirement requirements. In other words we help to plan your investment in balanced manner by diversifying all your investment in various baskets rather than putting them all in one.
- Review Progress: Once the plan is developed the process is dynamic. At Pelican we regularly revisit the drafted plans and encourage investment in suitable financial products in a systematic manner. We also believe that investing at regular intervals builds the retirement fund over a time and helps to minimize risk and gives a hassle free retirement- a time to pursue your hobbies, fulfill your dreams and passions.