Retirement Planning in India: How to Invest for Retirement | Wealth Creation | Kurre Srinivas Reddy скачать в хорошем качестве

Retirement Planning in India: How to Invest for Retirement | Wealth Creation | Kurre Srinivas Reddy

In this episode of SocialPost Finance, Nihal sits down with Mutual Fund Distributor Kurre Srinivas Reddy to demystify "Retirement Numbers" and explain why planning for your golden years is more critical today than ever before. Why Retirement Planning is Non-Negotiable The experts discuss how India’s economy has shifted from an 80% dependence on agriculture to a 50% service-sector-driven economy. With the transition from combined families to nuclear families, individuals can no longer rely on traditional support systems. Furthermore, while banks offer loans for education and housing, no one provides a loan for retirement, making personal savings essential. Understanding the "Retirement Number" The "Retirement Number" is a term used to describe either the total corpus you need to accumulate or the monthly SIP amount required to reach your goal. This number takes into account: • Inflation: Calculated at approximately 3% for lifestyle expenses. • Lifestyle Diseases: The rising cost of medical care in old age. • Life Expectancy: Planning for expenses up to age 80 and beyond. The Math: How Much Do You Need? The sources provide a breakdown of how your age affects your investment needs if your current monthly expenses are ₹50,000: • If you are 30 years old: To maintain your lifestyle at age 60 (where expenses will rise to ₹1.2 Lakh), you need a corpus of ₹4 Crore. You can achieve this with a monthly SIP of ₹7,000 (at 15% return) or ₹13,000 (at 12% return). • If you are 40 years old: You would need a corpus of ₹3 Crore. Because you have less time, your monthly SIP must be higher—roughly ₹22,000 (at 15%) or ₹32,000 (at 12%). • If you are 50 years old: Reaching retirement goals becomes much harder, requiring monthly investments of ₹80,000 to ₹1 Lakh. Accumulation vs. Withdrawal The video explains the two vital phases of retirement: 1. Accumulation Phase (SIP): Investing regularly while you are working to build your wealth. 2. Retirement Phase (SWP): Using a Systematic Withdrawal Plan (SWP) to receive a steady monthly income from your accumulated corpus. Key Takeaway The earlier you start, the smaller the amount you need to invest to reach your goal. Don't wait until your 50s to consider your future; start your journey toward financial independence today. #retirementplanning #sip #retirement #mutualfunds #longterminvesting #investmentplanning #personalfinance #retirementplanningtips #retirementsavings #wealthcreation #financialplanning #kurresrinivasreddy #socialpostfinance Retirement Planning in India: How to Invest for Retirement | Wealth Creation | Kurre Srinivas Reddy -- #Finance #Investing #MoneyTips #SocialPostFinance #Socialpost Welcome to SocialPost Finance – your trusted source for smart financial tips, market insights, and strategies to manage and grow your money. Stay informed, make smarter decisions, and achieve financial freedom. Subscribe for weekly videos on personal finance, investing, budgeting, and economic trends. Follow Us On: Facebook:   / socialpostfinance   Instagram:   / socialpost_finance   Contact us for any promotions and Collaborations : Phone: +91 8885554884 Email: [email protected] 🔔 Disclaimer:- The information provided in this video is for educational and informational purposes only. Socialpost Finance is not a SEBI-registered financial advisor. All investment decisions should be made based on your own research or after consulting with a certified financial advisor. The views expressed by guests and experts in this video are their personal opinions and do not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. 📌 Invest wisely and at your own risk.