Retirement Planningabhinaygupta.in abhi_14gupta

But Why..?www.abhinaygupta.in

Let us try to understand the answer

with the help of an

example.

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Balance = 350

Monthly

Income:1000 Expeses:650

Meet Joe!! (24 years old)

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Joe doesn’t bother about his retirement planning and

spends all his balance amount in:

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Balance = 200

Monthly

Income:1500 Expeses:1300

Joe at 48 years of age..

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Balance = 200

Monthly

Income:1500 Expeses:1300

Joe at 48 years of age..

Because of ……

As you see the income is increased by

50% while expenses are high by

100%....

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INFLATION

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Balance = -2000

Monthly

Income:0 Expeses:2000

Joe at 60 years of age and

Retired

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Now Joe is:- Old

Jobless

Weak and unhealthy

And most importantly….

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Financially Dependent on

others!!

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Scary….isn’t it??www.abhinaygupta.in

Joe…Lets see what went wrong??

Not Saving

Not planning your retirement .

Wasting money on luxury items.

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Don’t worry Joe….We got this..!!

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Let’s travel the time and

go back to the period when Joe

was young.

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Balance = 350

Monthly

Income:1000 Expeses:650

Meet Joe!! (24 years old)

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Joe instead of spending balance money on these….

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With the help of his Financial Planner he invested that

money for his Retirement Planning.

Retirement Fund

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And when he Retires, Joe has

Rs.2165000By investing just Rs.350 per month

i.e.Rs.15100 at 12% Rate p.a.

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Corpus =Rs.2165000

Monthly

Income:0 Expeses:2000

Joe at 60 years of age and

Retired

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But how did that happen??

That’s

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Magic Of Compounding

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Now Joe :✓ Has Long Lasting corpus

✓ Is Financially Independent

✓ Can take care of his own health

✓ Can meet all his debts

✓ Can Leave a will

✓ Can Fulfill his desires

✓ Can enjoy his Retirementwww.abhinaygupta.in

Joe can do these because he:

✓ Started Early i.e at the age of 24

✓ Invested regularly

✓ Took retirement planning seriously

✓ Took a professional help.

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Thanks Joe :)

finwareabhinaygupta.in abhi_14guptaaforabhinay

finwareabhinaygupta.in abhi_14guptaaforabhinay