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After retirement investment and saving tips: We all worry about post retirement where we start preparing now to make our post retirement future better and secure. Where usually people deposit money in PF or take a savings plan. On the other hand, with the change of times, inflation touches new figures every year, where due to rising inflation, your deposited or invested money may become less in the future. In such a situation, it is necessary to make a better choice from now, today we are going to give you some tips to secure your future after retirement.
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Generally, we set some target so that there is no shortage of money after retirement, whereas this target should be set very thoughtfully. Let us tell you that you should always keep your target 5%-6% above the inflation rate, so that it can cover the inflation rate in the coming times. Along with this, the target corpus should be set in such a way that it is not affected by inflation at all.
It is often seen that after retirement, people have to face the problem of cash money. On the other hand, if you do not want to face this problem, then start preparing to buy a bigger house from now itself, where after taking the house, opt for reverse mortgage. Explain that if you mortgage the house to the bank, then regular payments are made to you by the bank. While your cash crunch will reduce significantly after adopting it, the tenure of a reverse mortgage is up to 20 years.
We usually give attention to investment in one place, whereas we should avoid doing so. If you are thinking of investing anywhere, then think of investing it in different ways. Suppose if you are going to invest in mutual funds then you can opt for equity funds or debt mutual funds. Similarly, try to have your investments in different segments like stocks, cash and bonds.
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