EPISODE · Mar 23, 2021 · 14 MIN
Common Misconceptions About Retirement Planning and how to save from them
from MoneyShiksha with Brijesh
When most people enter the workforce, they look forward to that day when they can hang up their hats and afford to enjoy a life beyond the daily grind. Yet, many people believe that once you retire, all the fun in life is over. Retirement should be one of the most exciting phases of your life. If you plan for it right, you can enjoy all the things you love and live life to the fullest. As a business owner, you are your own boss; you can work when you want, where you want, and for as long as you want. While this freedom is great, it can also be very dangerous. If you do not plan accordingly, then you could suddenly find yourself on the street. This is why, for many business owners, planning for retirement is also a very important part of their strategy. In this podcast, we are going to debunk the top common financial misconceptions about retirement planning. 00:00-03:42-I Must Have Rs. X Saved to Retire 03:43-05:23-Investments Don\'t Need To Grow With Your Income 05:24-07:15-Distribution Isn\'t A Major Concern 07:16-08:24-Saving 10%-15% Is Enough 08:25-09:42-Retirement planning is all about money 09:43-10:46-Financial planning stops at retirement 10:47-11:45-Spending decreases in retirement
What this episode covers
When most people enter the workforce, they look forward to that day when they can hang up their hats and afford to enjoy a life beyond the daily grind. Yet, many people believe that once you retire, all the fun in life is over. Retirement should be one of the most exciting phases of your life. If you plan for it right, you can enjoy all the things you love and live life to the fullest. As a business owner, you are your own boss; you can work when you want, where you want, and for as long as you want. While this freedom is great, it can also be very dangerous. If you do not plan accordingly, then you could suddenly find yourself on the street. This is why, for many business owners, planning for retirement is also a very important part of their strategy. In this podcast, we are going to debunk the top common financial misconceptions about retirement planning. 00:00-03:42-I Must Have Rs. X Saved to Retire 03:43-05:23-Investments Don\'t Need To Grow With Your Income 05:24-07:15-Distribution Isn\'t A Major Concern 07:16-08:24-Saving 10%-15% Is Enough 08:25-09:42-Retirement planning is all about money 09:43-10:46-Financial planning stops at retirement 10:47-11:45-Spending decreases in retirement
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Common Misconceptions About Retirement Planning and how to save from them
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