- Advisory
- Invest
- Tax
- Pricing
- Knowledge Base
- Login
Steps To Create A Perfect Retirement Plan
Planning
The first step of retirement planning is identifying the exact age that you wish to retire at, the kind of lifestyle you wish to pursue post your retirement, your life expectancy, and ultimately the amount of retirement corpus you would need to support your retired life.
Designing
This step involves identifying the most promising investment options that have the potential to generate the required amount of retirement corpus and creating a realistic investment plan that will help you make the required investments and achieve the goal amount.
Execution
Assisting you at every step in dedicatedly following the created plan for the required tenure to successfully complete the investment journey and achieve the desired goals.
Review
Regularly review the performance of the investments to ensure that they are generating the expected returns, and if required, make the necessary adjustments to bring the plan back on track and generate the required returns.
This Is How Your Customised Financial Report Will Look Like
Requirements
Keeping your requirements in mind we create a customized plan that solely aims to fulfil them and give you the kind of retirement life you wish to live.
Retirement Corpus
Gives you a clear overview of your currently available retirement surplus and shortfall i.e. where have you reached and how long do you need to go to achieve your goal.
Projected Post Retirement Cashflow
Gives you a detailed and a year-on-year picture of the cashflow during your retired life.
How Fintoo’s Customised Retirement Planning Helps You To Achieve Your Goals.
Security
Data Security
We prioritize the safety of your financial data. Before transmitting over any network, we encrypt it to ensure it’s unreadable to unauthorized parties, safeguarding its integrity at every step.Authorized Access
We adopt a "prevention over cure" philosophy by implementing role-based access, protected with OTPs and Captcha codes, to ensure only authorized individuals can access your sensitive information.
Cloud Infrastructure
We rely on AWS Cloud infrastructure to protect your data with the highest levels of security, minimizing risks of breaches or data loss.Security Audited
Top cybersecurity experts continuously monitor and test our systems, using thorough security assessments and penetration testing to prevent potential vulnerabilities.GOT QUESTIONS? LET'S TALK!
Schedule a Call with Our Financial Advisor and Get Expert Insights Today!
Enter Details
Name *
Mobile Number *
Email *
FAQs
What is Retirement Planning, and why is it important?
Retirement Planning is the process of setting financial goals and developing a strategy to achieve them to ensure a comfortable retirement. It's important because it helps individuals save enough money to support themselves after they stop working, maintain their standard of living, and cover healthcare and other expenses.
When should I start planning for retirement?
It's never too early to start planning for retirement. Ideally, individuals should start saving for retirement as soon as they begin working. The longer they save, the more they can accumulate, and the more time their investments have to grow.
How much should I save for retirement?
The amount an individual should save for retirement depends on their lifestyle and expected retirement expenses. As a general rule of thumb, many financial advisors suggest saving at least 15% of your annual income for retirement. It's also important to consider factors like inflation, life expectancy, and unexpected expenses when planning.
What are some retirement savings vehicles?
There are various retirement savings vehicles, such as 401(k) plans, individual retirement accounts (IRAs), annuities, and pension plans. These plans offer different benefits and tax advantages, so it's important to understand how each works and determine which ones best suit an individual's financial goals.
How often should I review my retirement plan?
Individuals should review their retirement plan regularly, at least annually, and after major life events like a job change, marriage, or having a child. This helps ensure that the plan remains on track and adjustments can be made if necessary to stay on target for retirement goals.