The goal to plan for retirement is common to all of us. We all are looking forward to a happy, secured and satisfying retired life.  This goal is unique in many ways. The reasons are as follows:

• Planning for retirement is often very long term in nature. Hence lot of assumptions keep changing during the period. This includes inflation, interest rate, lifestyle expenses etc.

• Portfolio composition needs to get changed over time in consideration with personal and macro-economic scenario.

• There are two distinct phases while you plan for retirement – one when you are working and saving for the future, known as ‘accumulation phase’ – the other post retirement when you regularly withdraw money from accumulated to sustain your lifestyle, known as ‘distribution phase’. As far as retirement portfolio is concerned, focus also shifts accordingly – first on growth, then on safety, thereafter liquidity, then on taxability and so on.

At Hirannya FinPlan we rightly understand the criticality and uniqueness of retirement planning goal and hence construct the plan accordingly.