RETIREMENT PLANNING

• MANPRIT SINGH BOPARAI

• GURMUKH SINGH UBBI

• DALBIR SINGH BATTH

• GURBIR SINGH GILL

• AMARJOT SINGH MASUTE

RETIREMENT PLANNING – Retirement planning refers to the
allocation of savings or revenue for retirement. It is the
process of planning and managing your short and long term
finances to help achieve your financial dreams both during
your working years and retired life
COMPONENTS – FIXED SALARY

REIMBURSEMENT

PERQUISITES AND NON-MONETORY BENEFITS

RETIREMENT BENEFITS
 PURPOSE AND NEED
GROWTH
INCOME
CAPITAL PRESERVATION
TAX REDUCTION
SAFETY
 RETIREMENT EVALUATION
TIPS FOR EVALUATING YOUR
RETIREMENT PORTFOLIO IN YOUR 20’S
1. DETERMINE YOUR RISK
TOLERANCE
2. EVALUATE YOUR PACKAGE
3. START EVALUATING EARLY
4. DIVERSIFY YOUR SAVING
5. REBALANCE YOUR
RETIREMENT PORTFOLIO
ANNUALLY
WAYS IN WHICH AN INDIVIDUAL
EVALUATE IT’S RETIREMENT
1. CHECK YOUR STOP LIGHT
2. LOOK AT THE INCOME
ESTIMATE
3. REVIEW THE
RECOMMENDATIONS
4. CONSIDER USING
PROFESSIONAL MANAGEMENT
5. PERSONALIZE YOUR PLAN
 LIFE CYCLE PLANNING
THE APPROACH USED TO IDENTIFY FINANCIAL OBJECTIVES FOR EACH
STAGE AND TO PROVIDE THE STRATEGIES AND PLANS TO MEET THESE
OBJECTIVES IS CALLED LIFE-CYCLE PLANNING
STAGES OF LIFE-CYCLE PLANNING
STARTING
WORK AND
FAMILY

MIDDLE YEARS

PRE-RETIREMENT YEARS

RETIREMENT YEARS
 EARLY YEARS MIDDLE YEARS LEADING TO RETIREMENT
(UPTO MID (MID30’S – RETIREMENT YEARS
30’S) LATE 40’S) (LATE 40’S – (50 + YEARS)
RETIREMENT)
YOUR GOALS GET STARTED BUILD AND CONSOLIDATE INCOME AND
INVEST FOR FUTURE SECURITY

YOUR • BUILD • INCREASE • MAXIMISE • INVEST TO

EMERGENCY INVESTMENT GENERATE
INVESTMENT FUND SAVINGS
• SET SOLID • GOALS TEND SUFFICIENT
LIFE STAGE • START INVESTING
• SET SHORT TERM TO SHIFT TO RETURN FOR
SAVINGS MEDIUM TERM LIVING
FINANCIAL GOALS
STRATEGY EXPENSES
YOUR • WHEN AND • FAMILY • PLAN • TO HAVE
CONCERNS HOW TO COMMITME RETIREMEN SUFFICIENT
START NTS T INCOME FOR
SAVING RETIREMENT
YOUR • DEVELOP A • DIVERSIFY • ENSURE • CONTINUE TO
PLAN INVEST BUT SHIFT
INVESTMENT INVESTMEN DIVERSIFICATI TOWARDS MORE
• START ON BUT RE-
STRATEGIES TS CONSERVATIOVE
INVESTING ASSETS
REGULARLY
EVALUATE
 WEALTH CREATION
• WEALTH MEASURES THE VALUE OF ALL THE ASSETS OF WORTH OWNED BY A
PERSON, COMMUNITY, COMPANY OR COUNTRY
• FACTORS OF WEALTH CREATION :-
1. TIME HORIZON

2. CAREER

3. INCOME

1. 4. INVESTING STYLE

5. SELF–MADE STATUS

6. ASSET ALLOCATION
 PRINCIPLES FOR WEALTH CREATION
CHECK YOUR SPENDINGS
DIVERSIFICATION
DO NOT TRY TO DO EVERYTHING
AT THE SAME TIME
LEARN TO FOCUS
PROTECT AND FENCE YOUR WEALTH
TAKE RESPONSIBILTY
SPEND LESS THAN YOU EARN
KNOW WHAT PUTS MONEY IN YOUR POCKET AND WHAT REMOVES
MONEY FROM YOUR POCKET
DO NOT BORROW TO CONSUME
MULTIPLY YOUR RESOURCES
 PRE-RETIREMENT
STRATEGIES
• DEVELOPING A FINANCIAL ROAD
MAP THAT IS REVIEWED YEARLY
UNTIL RETIREMENT IS STARTED
• ENSURE ANY NEW LEGISLATION OR
CHANGES ARE UTILIZED TO YOUR
FULL ADVANTAGE
• REVIEW AND POSSIBLY REDUCE
PERSONAL INSURANCES WHERE
APPROPRIATE
• ASSESS AND RESTRUCTURE
BORROWING LEVELS AND
STRATEGIES AS YOU APPROACH
RETIREMENT
• PLAN A TRANSITION TO RETIREMENT
STRATEGY
POST-RETIREMENT
STRATEGIES
• BE PROACTIVE IN POST-
RETIREMENT PLANNING
• CONSIDERATIONS IN POST-
RETIREMENT PLANNING
• REQUIRED MINIMUM
DISTRIBUTIONS IN POST-
RETIREMENT PLANNING
• POST-RETIREMENT PLANNING
TO FIT YOUR LIFESTYLE
• HOLISTIC POST-RETIREMENT
PLANNING
THANK YOU