Retirement Planning
Retirement planning determines retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, sizing up expenses, implementing a savings program, and managing assets and risk
Retirement planning is ideally a lifelong process. You can start at any time, but it works best if you factor it into your financial planning from the beginning. That’s the best way to ensure a safe, secure—and fun—retirement.
Retirement planning takes into account not only assets and income but also future expenses, liabilities, and life expectancy.
Here at SAVITA BHIDE & CO. we usually design investment strategies with retirement planning for each investor. It is best to keep one part aside for retirement at early age. If you start early then you will be able to create large amount of corpus to enjoy your retirement years
We have a variety of tools and products according to once need and income flow. We always increase investment amount with increase in income flow which helps in creating a health amount of wealth.
Tools that we use
Unit Linked Insurance Plan
Unit Linked Insurance Plan (ULIP), is a combination of insurance and investment. In ULIP, a part of the premiums is deducted as insurance, and the other part of the premium is invested in market. Funds can be invested in bonds, equity, debts, market funds, or hybrid, depending on the investor. It offers transparency about the investment of your funds which you can evaluate and track as Net Asset Value (NAV). ULIP offers both coverage and investment options. As a Survival Benefit, you get the Maturity amount, depending on the prevailing prices of the units. As a Death Benefit, the nominee will receive the sum assured.
Endowment Plan
Endowment plan is the traditional insurance product with an investment opportunity. It is a combination of coverage and investment. Funds are not linked to market. The premiums you pay throughout the period is divided into two parts:
- Part of the premium is used as an investment
- Another part of the premiums is kept as a risk cover on maturity, the returns are guaranteed with profit, although minimal. In case, if the investor dies before maturity, the nominee receives the sum assured.
LIC OF INDIA
We also provide different products of LIC as a solution for safe and reliable investment plans
Fixed income – Bank Fixed Deposit and Bonds