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If you are a young professional, just a few years into your career, and haven’t started planning on retirement yet, you stand a lot to lose. With rising costs of living and inflation, its imperative for you to start planning on retirement early for a truly fulfilling career. You might have been considering the services of a retirement planner, and we at SNPFP have come up in a guide which will list out easy steps to find the best retirement plan for you:
- Decide for yourself: Before you even approach a financial planner, the first thing you should do is make time out from your busy schedule and carefully go over your expectations and the lifestyle you plan to lead when you cross over to retirement. Take into account your existing debts and liabilities and the future inflation. At the end of this exercise you will have a good idea about how much money you stand to make at the end of your career and how much will you need to give you and your family a comfortable lifestyle. If you have already done this you can skip to the next step.
- Do your research: When it comes to retirement planning there are a number of pension schemes, SIPs, PPF, Fds. The point is there are a number of options in the market and you need to decide what is the best option for you. A good retirement planner in this regard would be one who has vast experience in dealing with all kinds of retirement solutions, and will help you in selecting the one that is best suited for your requirements.
- Financial profile: When deciding on retirement planners its important for you to look at the financial planners background and profile closely. What kind of clients has he dealt with? How many years of experience he has? These are the questions you should be asking yourself and your prospective planner. At SNPFP we have delivering high quality retirement solutions for our patrons since 2004, bet it Mutual funds through SIPs and customising pension schemes.
- Don’t fall for fads: The world of financial planning is murkier and muddier than what seems from the surface. Pick up today’s newspaper and there’s bound to be atleast one piece which describes how an octogenarian was fleeced for all his life savings by a imposter or tout. This is very basic but people often forget this and live to regret it. Check the background of your financial planner thoroughly. Don’t hesitate to ask for his credentials and company identification. Be extra wary if the retirement planner operates on his own and not in a firm.
We have told you some general tips for finding the best retirement planner in Mumbai, Delhi or any other city for that matter. Retirement planning is something that you should be paying attention to closely, and the earlier you start the better. We at SNPFP have a diverse clientele and the majority of them are young salaried professionals who understand the risks associated with rising costs of living. We would love to hear from you if you have any further questions regarding financial planning and retirement.