Retirement Plan: You will get lots of money even in old age, just avoid these 5 mistakes
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Retirement Plan: Retirement planning is very important for everyone. If you also want to earn money without working after retirement, then start investing in pension plans from now on. However, many people make mistakes while planning retirement. They have to suffer its loss in their old age.
Retirement Plan: Many people think that the savings from EPFO are planning for their old age. In such a situation they do not do anything different. The interest received on EPFO is determined by the government. You may have to face problems by depending too much on it. It is better that you can also think about other options for NPS.
Get transferred to EPFO
If you have changed your job, then along with your job, get your EPFO account also transferred to the new company. Merge all accounts. If you do not do this, you will have to suffer the loss of interest received.
late saving
After getting a job, people often think that they have to work for a long time. In such a situation, you will plan for retirement after a few years. But time does not seem to pass. In such a situation, it is important to plan investment from now on. The sooner you start investing, the more money you will get in retirement.
Think about early retirement too
The official age of retirement by the government is 60 years. But in today’s work culture, people are working under a lot of pressure. In such a situation, it is not necessary that you continue working till the age of 60. Sometimes you may have to leave your job even before your age. Think about this and plan your future.
Keep inflation in mind while planning
What purchases could be made for Rs 500 five years ago, can the same amount be made even today? In such a situation, while planning your retirement plan, also keep in mind the rising inflation in future. It should not happen that the pension you get after retirement is very less.
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