Now Reading: Experts warn common retirement planning mistakes hurt savings
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Experts warn common retirement planning mistakes hurt savings
Starting early, investing consistently, and maintaining the right mix of assets are critical for retirement planning, financial experts tell Livemint. Many investors delay saving or rely on a single product, shrinking their…
The Story in Brief
Starting early, investing consistently, and maintaining the right mix of assets are critical for retirement planning, financial experts tell Livemint. Many investors delay saving or rely on a single product, shrinking their eventual corpus. Tax and inflation assumptions matter too: a 7 per cent return can fall below 5 per cent post-tax for retirees in higher slabs, warns Apurv Gupta of Otto Money. Soban Udasi of Tata Asset Management advises not to stop systematic investment plans (SIPs) during market dips. The key is a holistic approach, not chasing a target number alone.
The Indian Opinion
Financial advice articles often paint retirement planning as simple arithmetic, save X, get Y. The experts here rightly push back, naming taxes, inflation, and asset allocation as real threats. No one-size-fits-all number will work. The real test is whether readers review their plans as their income rises, not just set and forget a target. Will they?
Source: livemint.com
This story was synthesised by AI from the source linked above.
