Planning Your  Exit Strategy

– Evaluate your current financial status, including savings, investments, and liabilities. – Take into account inflation and rising costs of living in India while estimating your retirement expenses. – Seek guidance from a financial advisor who understands the nuances of Indian markets and regulations to craft a tailored retirement plan.

1. How to Assess Your Financial Situation?

– Define your retirement aspirations, considering cultural and familial expectations in India. – Factor in obligations such as children’s education, weddings, and supporting elderly parents when setting retirement goals. – Prioritize your goals based on their significance and feasibility within the Indian socio-economic context.

2. How to Set Retirement Goals?

– Utilize tax-saving investments like Public Provident Fund (PPF), Employee Provident Fund (EPF), and National Pension System (NPS). – Consider equity-linked savings schemes (ELSS) and mutual funds for long-term growth. – Stay updated on tax law changes and investment regulations that could affect your retirement savings.

3. What’s it like to Create a Retirement Savings Strategy?

– Learn about government schemes like the Employees’ Pension Scheme (EPS) and Senior Citizens’ Savings Scheme (SCSS) for retirement income. – Consider fixed-income options like the Post Office Monthly Income Scheme (POMIS) or SCSS for steady post-retirement income. – Look into passive income sources, such as rental properties or dividend stocks, to boost your retirement funds.

4. How to Develop an Income Plan?

– Get to know India’s healthcare system and insurance options, including Ayushman Bharat and private plans. – Set aside funds for medical emergencies and regular check-ups to support health in retirement. – Keep track of healthcare policy changes that may impact your retirement, like shifts in insurance premiums or coverage.

5. How to Manage Your Health and Insurance Needs?

– Research long-term care options and insurance in India for future health needs. – Discuss care preferences with family, considering cultural factors. – Include caregiving and support in your retirement plan to adapt to changing family dynamics. – Plan your retirement with us—invest for financial freedom in the Index Long Term Strategy.

6. Plan for Long-Term Care?