Which is the best retirement fund?

Choosing the Best Retirement Plan

Product Name Category Fund Value of Rs.10,000 Invested Per Month (5 Years)
Canara Robeco Emerging Equities – Growth Equity Rs.12,33,265
Franklin India Prima Plus – Growth Equity Rs.9,44,288
HDFC Balanced Fund – Growth Equity Rs.9,51,705
Mirae Asset Emerging Bluechip Fund – Growth Equity Rs.12,38,390

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Regarding this, where should I invest my retirement money?

5 investment options for the retired

  • Senior Citizens’ Saving Scheme (SCSS) …
  • Post Office Monthly Income Scheme (POMIS) Account. …
  • Bank fixed deposits (FDs) …
  • Mutual funds (MFs) …
  • Tax-free bonds. …
  • Immediate annuities.
Accordingly, what is the best investment strategy for retirement? Here are the most recommended retirement investment options:
  • Contribute To Your 401K.
  • Open An IRA Or A Roth IRA.
  • Open A Health Savings Account.
  • Be Aware Of Retirement Fund Fees.
  • Buy A Fixed Annuity.
  • Utilize Saver’s Credit.
  • Delay Social Security Benefit Collection.
  • Prepare For Inflation.

Likewise, how can I get 50000 pension per month?

First take the case of immediate annuity: For a pension of Rs 50,000/month (or Rs 6 lakh/annum), you will have to invest around Rs 70 lakh at the age of 60 in the LIC plan. At the age of 50, you will need to invest at least Rs 80 lakh for Rs 50,000/month pension.

What is the safest retirement fund?

No investment is entirely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) which are considered the safest investments you can own. Bank savings accounts and CDs are typically FDIC-insured. Treasury securities are government-backed notes.

What are the five stages of retirement?

The 5 Stages of Retirement

  • First Stage: Pre-Retirement.
  • Second Stage: Full Retirement.
  • Third Stage: Disenchantment.
  • Fourth Stage: Reorientation.
  • Fifth Stage: Reconciliation & Stability.

What are the 3 types of retirement?

Here’s a look at traditional retirement, semi-retirement and temporary retirement and how we can help you navigate whichever path you choose.

  • Traditional Retirement. Traditional retirement is just that. …
  • Semi-Retirement. …
  • Temporary Retirement. …
  • Other Considerations.

How much money does it take to retire comfortably?

With that in mind, you should expect to need about 80% of your pre-retirement income to cover your cost of living in retirement. In other words, if you make $100,000 now, you’ll need about $80,000 per year (in today’s dollars) after you retire, according to this principle.

What is a good monthly retirement income?

Typically, you can plan to withdraw around 4% of your retirement savings each year. If you have $100,000 in retirement savings and assuming that you have a 4% annual return, that would provide around $4,000 in retirement income your 1st year of retirement, or about $333 per month.

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