Have you ever thought of your life post retirement? It is very important to save for your retirement so that you do not regret. In this age of high inflation being retired is not easy at all. Nobody wants to be hard pressed for funds once they retire. That is the only reason to focus on planning ahead so that you can have a comfortable life along with your family after you retire at the age of 60 years or so.
A pension is an amount paid by your government and employer periodically when you retire. On the contrary, a provident fund is one in which both you and your employer contribute throughout your work tenure. Your provident fund is paid back to you in lump sum when you retire or leave your organization. However, a gratuity is an incentive scheme offered to you if you stayed with a company for at least 5 years or more.
Have a look about the Investment ideas for your surplus fund
Once you retire and after you have received all your various amounts you were entitled to, it becomes your responsibility to make sure that the funds you gain last as long as possible. Thus, it becomes necessary to plan ahead. While analyzing options, you can target lower risk, regular income generating options. here is a list of such options:
Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.