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All About Retirement Planning

Bajaj Allianz Life Retirement Planning Guide

Retirement Planning - Secure Your Post-Retirement Life

A sufficient financial corpus is required to accomplish your life goals post retirement. Retirement plans help you maintain financial stability during your retirement years. Here’s a simple guide to understand how a retirement plan could help you create a corpus to fulfil your life goals and enjoy a comfortable post-retirement life.

Importance of Asset Allocation in Retirement Planning | Bajaj Allianz Life

Importance of Asset Allocation in Retirement Planning

You may look forward to the freedom that retirement brings, but if you want a comfortable life post-retirement, financial independence is essential too. You require enough planning, financially, to secure yourself and your family in the absence of a regular income. There may be additional costs to bear, besides living expenses, during retirement. These include medical costs, and costs to account for inflation, and other expenses. One way to plan your financial corpus for the future is to invest in different types of investment instruments. This is also known as asset allocation. Asset allocation refers to the quota of the allocation of total available funds to various investment products/instruments.

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How To Save More For Retirement With The 30-30-30-10 Rule | Bajaj Allianz Life

Discover How To Save More For Retirement With The 30-30-30-10 Rule

Most people may have funds to use during retirement, but don’t know how to allocate them properly. On the other hand, some do not plan for retirement at all, avoiding sufficient investments while they are young. Whatever situation you view, retirement planning must be done while you are young and earning a regular source of income. In every stage of life, there are some financial obligations to fulfil for which you may save your hard-earned money. For instance, you may save for your child’s further education, or for some medical contingency. However, with some people, retirement saving is far from the mind.

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5 Financial Decisions You May Regret After Retirement | Bajaj Allianz Life

5 Financial Decisions You May Regret If You Didn't Start Planning For Retirement Early

In an ideal situation, people plan for their post-retirement period, and benefit as they have their finances in order. However, there is a tendency for the younger generation not to consider retirement planning, or to put it off. However, it is essential to think of senior years and a time when you will not be employed. The importance of having a retirement plan in place couldn’t be stressed more for the simple reason that you need financial security when you retire.

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Buying Retirement Insurance Plans Online or Offline? | Bajaj Allianz Life

Should I Buy Retirement Insurance Plans in Online or Offline?

To make the most of your retired life, having worked hard and earned to support your family for the better part of your life perhaps, you may need a retirement plan to achieve new goals and make brand new dreams come true. Furthermore, as you probably know, the world has become an uncertain place to live in, and you must consider how you will bear costs of living and additional expenses once you retire. When you retire, you do not have access to a regular income source. Hence, your spending has to be allocated in such a way to meet your lifestyle needs as well as emergencies.

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How Do I Protect My Retirement Money? | Bajaj Allianz Life

How Do I Protect My Retirement Money?

In terms of financial planning, there is one aspect that you cannot ignore, which is retirement planning. With all the uncertainty that life has to offer, retirement planning is essential, as many individuals have realised lately. Instead of waiting and realising the hard way, planning for the future should be started early. This way, you can plan systematically and accumulate more wealth by the time you stop earning a regular income.

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What to Do When You Are Not Financially Prepared for Retirement? | Bajaj Allianz Life

What to Do When You Are Not Financially Prepared for Retirement?

When it comes to personal finances, your ability to take care of yourself in any stage of your life should be more than possible. This means that you should be able to fund yourself during your period of work life, and after that, during your retirement. In turn, retirement planning is one of the most important things to consider during your active salaried years. However, despite good intentions, you can find yourself totally unprepared for what’s in store in the future. For the majority of Indians, literacy of the financial variety has been nothing short of elusive. Some individuals only wake up to the shock of a lack of finances when they are on the brink of retirement, or worse still, in the throes of it.

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When is the Right Time to Get an Annuity Plan?

When is the Right Time to Get an Annuity Plan?

It is extremely important to secure a steady source of income irrespective of whether you’re approaching your retirement age or not. This way, you can continue enjoying your current lifestyle with full financial independence, without having to downgrade. Sounds quite tempting, right? One of the ways to achieve this would be by purchasing an annuity plan. But then, when is the right time to start investing in one? Continue reading to find out.

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Frequently Asked Questions about Pension Plans | Retirement Blog

5 Frequently Asked Questions about Pension Plans

Pension plans are one of the least understood investment options. In fact, many individuals don’t seem to be aware of such an option and therefore tend to ignore them when planning for retirement. If you’re someone who is in the same boat, then here’s something that can help you out - answers to 5 of the most frequently asked questions about pension plans to help give you some much needed clarity. But before we get to the main part of this article, let’s quickly look at the concept of a pension plan.

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3 Stages of Retirement Everyone Will Go Through

3 Stages of Retirement Everyone Will Go Through

An increasing number of people envision retirement as this phase where you finally stop working and start to live your life a little. However, they couldn’t be farther from the truth. In fact, retirement can be categorized into three distinct phases. Wondering what they are? Continue reading to find out.

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Facts about Retirement Planning

Facts about Retirement Planning You May Not Have Known

Every individual in the world plans on retiring after reaching a particular age or after working for a specific number of years. Once you step into the retirement phase, you generally tend to lose an active income stream. This is precisely why it is important to plan for your retirement as early as possible. This way, you can stay one step ahead of the curve when you finally plan on hanging up your boots for good.

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How to Plan for Retirement Depending on Your Age

How to Plan for Retirement Depending on Your Age

There are a lot of individuals who think that they should start focusing on retirement planning only when they approach the retirement age. However, this is nothing more than just a myth. In fact, you can start planning for your retirement early itself. If you’re wondering how to start, then here’s something that may help you out.

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Tips to Consider 5 Years Before Retirement

What Should You Do 5 Years Before Retirement?

The five years preceding retirement are a critical time to reinforce the nest egg you have been building up and finish paying off debts. By taking care of the remaining loose ends, you can enjoy your retirement years to their fullest. When it comes to your retirement, the last five years preceding it can be a make-it or break-it period for some people, especially those who began saving later in the game. Here’s a checklist to make sure you hit the nail on the head with your retirement plans.

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Common Post Retirement Risks

4 Common Post-Retirement Risks You Should Know

With vast changes to your lifestyle, retirement is a time that involves a lot of adjustment. However, with the right planning, you can make these changes smoothly and find this period of your life to be immensely satisfying. Prior to reaching retirement age, different aspects of your living such as your health, time, and finances need to be planned. It is easy to say ‘maybe tomorrow’ to these plans, but the more you delay your retirement planning, the harder it may be to ensure you’ll be comfortable in your late 60s. The retirement calculator will assist you in determining how much money you need to accumulate before retiring and how to prepare for it.

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What is a Single Premium Pension Plan

What is a Single Premium Pension Policy?

Planning your post-retirement life is an extremely crucial step that you need to take early on in your life. One of the major reasons for this is that there might not be a steady source of income to get you and your spouse through your retirement lives. However, the question is, how do you plan for your retirement and ensure that you and your dependents are able to live a care-free life without any compromises?

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What is Annuity?

What is Annuity? Everything You Need To Know.

Life insurance not only helps you secure your family’s financial future, but also ensures that your retirement planning goals are taken care of. Annuity plans, in particular, are specifically designed to ensure that your post-retirement life is stress-free and financially secure. Wondering what annuity is all about? Let’s decode this segment of life insurance for you.

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Immediate annuity vs deferred annuity

Immediate Annuity vs Deferred Annuity Plans

Saving money has always been important. While the world is constantly changing, the pace at which these changes have taken place has been particularly fast since 2020 and the onset of the Coronavirus pandemic planning for your financial future is pertinent as it can allow you to focus on your, desired life goals.

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How to update your retirement planning strategy

3 Signs You Need To Update Your Retirement Planning Strategy

After a lifetime of work, retirement is a time Indians look forward to relaxing. People prefer to spend their post-retirement life with children and family. Collective living reduces the consumption of financial resources at an individual level, which is often the motivation for people to ignore retirement planning. However, with the rise in the number of nuclear families, retirement planning has become extremely important. Retirement planning entails setting aside resources during one’s working life to achieve financial independence by the age of retirement. To build a corpus that could last 20-25 years, one needs to save regularly and invest in long-term financial products. Long-term investments build wealth over several years and help preserve the value of the savings.

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Types of pension plans in India

Types Of Pension Plans In India

There is no denying the need and importance of investing in a pension plan if you are a private sector employee, a businessman or self-employed person in India. While public sector workers are fortunate to have a state-sponsored pension system, it’s not so for a large chunk of the workforce working in the private sector.

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Mistakes to avoid while calculating retirement savings

Mistakes To Avoid While Calculating Retirement Savings

Do you think about your retirement life with fondness? Or, anticipate it with a sense of fear and worry? Perceptions are subjective, but how you think may rely a lot on the quality of your retirement planning and the size of your retirement savings. Retired life should be something we look forward to rather than anticipating it with a sense of dread. It is a time when you get to hang your boots and stop worrying about schedules and meetings. In fact, it is to enjoy the perks of your success and live life to the fullest.

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 Retirement investment plans

Retirement Investment Plans In India

Irrespective of the age at which you choose to retire, it’s essential to save up for retirement, so you can enjoy your golden years without worrying about your finances. When you’re younger, a significant portion of your time is spent working. It’s only later in life, when you’ve retired, that you may find the time to catch up on your life goals like traveling the world, learning new skills, or cultivating various hobbies. To fulfil your post-retirement dreams, it’s crucial that you plan for the future as early in life as possible.

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Retirement benefits from Bajaj Allianz Life

Retirement Benefits – How To Enjoy Them Without Worry

Most people are guided by the proverb - Work is Worship throughout their professional life. It doesn’t matter how much you love your work, you will have to stop someday and give your mind and body a much-needed rest. In India, people are expected to stop working and relax after the age of 60. A majority of public and private sector companies have set the mandatory retirement age around 60. Retirement leads to a sudden change in the daily routine as well as the lifestyle of the retiree. After following a routine for several decades, you are suddenly without any fixed schedule after retirement. The sudden and profound changes brought by retirement can be difficult for some people, but retirement has its own advantages.

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Achieve early retirement life goals

3 Ways To Achieve Early Retirement Life Goals

After graduation, most people aim is to get a stable job and work till 60 years of age, which is the default retirement age in India. Retirement is considered to be a paradise, with no waking up in the morning and rushing to the office. After retirement, one doesn’t have to worry about deadlines and life is simple and uncomplicated. With complicated and demanding job profiles, many people are opting to retire early, well before reaching the retirement age. Even if one decides to retire early, one cannot ignore retirement planning. However, there is a difference between conventional retirement planning and planning for early retirement.

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6 retirement age lifestyle changes

6 Lifestyle Changes In Retirement And How To Deal With Them

Every individual undergoes massive changes throughout their lives. Whether it’s starting a new family, planning to have kids or early retirement, one should secure these important phases of life. Every individual should be prepared mentally and financially to deal with the challenges which they may face during retirement.

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Buy life insurance for early retirement

Why Life Insurance Should Be A Part Of Your Early Retirement Plan

The primary aim of life insurance products is ensuring the financial security of the policyholder and their entire family. When an individual retires, he needs a steady flow of income to sustain regular expenses as well as to accomplish his life goals. With certain life insurance plans including ULIPs, one can protect the financial needs of his family, as well as receive maturity benefits with ease to be able to fulfil their early retirement life goals. One needs to plan their investment in a manner so that they can realise their retirement goals.

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Retirement planning tips

Retirement Planning – A Comprehensive Guide

Some people may be married to their work. For others, however, working for long hours becomes a habit. If this sounds like you, then you’ve probably contemplated retiring by your early sixties or late fifties. And this is a goal that doesn’t come easy. It takes a lot of careful planning to successfully achieve the financial standing needed to stop working early in life. If you’re interested in learning more about how to retire early, this guide can help you get started with all the financial strategies needed for getting your early retirement goals done.

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Prioritize early retirement planning

Why Early Retirement Planning Should Be On Your Priority List

Retirement is a crucial phase of our life. In India, the usual retirement age is between 55-60 years. However, these days you will find many people discussing and thinking of early retirement. It’s the era where we see emergence of unconventional Life Goals. These aspirations are common amongst the millennials today. Before resigning from your job, an individual must plan for his retirement well in advance. Early retirement planning can help you live your passion and achieve your Life Goals.

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Fulfil Retirement Life Goals

How To Fulfil Your Retirement Life Goals

Retirement planning plays a significant role in providing you with a stress-free lifestyle after retirement. Whether you’re a salaried employee or an entrepreneur, early retirement planning is something that one needs to think of to ensure a secure future post retirement.

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Retirement saving tips

How To Make The Most Out Of Your Retirement Savings?

After years of striving hard, every individual retires at some point from active work-life. Many of them prefer purchasing a pension plan during their working years to ensure uninterrupted financial support during retirement.

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Retirement planning to fulfil travel goals

Want To Travel The World Post-Retirement? Long-Term Planning Is Key

Let’s admit it. Life is too short to make all our dreams come true but there are things which we certainly want to tick off from our to-do list. Such as world travel. While traveling the world seems to be the kind of thing one would want to do while they are young and in a regular job so that they can afford it, it seldom works out that way. With age, come responsibilities and travel plans of backpacking through Europe or scuba diving in Australian seas take a backburner as we navigate through life’s many responsibilities.

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How to save for your retirement

How Much You Need To Save For Retirement

It’s not easy to think about your retirement. There are way too many unknowns. But the biggest concern of them all is figuring out how much money will you need to live comfortably once you bow out of your regular job and that monthly salary goes away.

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Retirement savings calculation formula

How To Calculate Your Retirement Savings Corpus

Retirement planning often becomes a combination of anticipation and fear, excitement and satisfaction. You now finally get the time to enjoy the fruits of your labour and you can now follow your unfulfilled hobbies, spend quality time with family or travel the world.

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Pension plan benefits

6 Benefits Of Investing In Pension Plans

As life progresses and we come across financial difficulties in our lives or observe others struggling with some, we realize the importance of financial planning. With rising cost of living and healthcare costs combined with the increasing life expectancy, it becomes important to make Retirement planning the focal point of your financial planning. One good way of approaching retirement is through pension plans. Popularly known as a retirement plan, it is one of the solution for your post-retirement financial worries. How so? Let us take a look at some benefits that these plans bring to the table.

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Calculate your retirement corpus

How To Calculate Your Ideal Retirement Corpus

The increasing life expectancy and the rising cost of healthcare forces us to think about how our expenses would look like a couple of decades down the line. That thought also highlights the need to work on our retirement planning. One good way to plan for retirement is to invest in a pension plan or a retirement plan early in life. These plans often offer a retirement corpus at maturity. An ideal retirement corpus will help you manage all your post-retirement expenses and help you fulfil your life goals. Therefore, it is important to accurately calculate your required retirement corpus so that you have sufficient funds to meet your day to day expenses and do much more post retirement.

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Pension plan definition

What Are Pension Plans And Why You Need One

Picture this: you’re officially tired of your work schedule. You seek a stress-free life in the search for peace. However, the thought of early retirement gives you nightmares due to lack of resources for the sustaining your life and the survival of your family members. In the quest of looking out for relaxation, you can’t put your family at risk. The best way to work towards your retirement planning is by investing early in a pension plan.

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Unit-linked pension plan

What Are Unit-Linked Pension Plans And How They Work

Today, living a comfortable life has become a priority over than living longer. A majority of people opt for early retirement to live freely. However, an early retirement must be well-planned to ensure that you accomplish your life goals. To achieve these life goals one needs to plan their investments well so that they can accumulate the required funds to get their life goals done.

Read More
 Approaching Retirement Age? Know How To Prepare For It

Approaching Retirement Age? Know How To Prepare For It

Planning for retirement is the most crucial step for every individual. An early retirement ensures that all the life goals of your loved ones are successfully met. 

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Retirement Income – Know How To Generate Income After Retiring

Retirement Income – Know How To Generate Income After Retiring

After years of hard work, every individual deserves to live a stress-free retirement life. Investment in a retirement plan early is a straightforward way of ensuring a relaxed retirement life.

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5 Tips to Help You Buy A Retirement Investment Plan In India

5 Tips to Help You Buy A Retirement Investment Plan In India

Every individual deserves a comfortable lifestyle. However, building a stress-free life is a financial challenge faced by a majority of people and the main reason behind this is lack of financial planning or knowledge.

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4 Retirement Planning Mistakes You Should Avoid

4 Retirement Planning Mistakes You Should Avoid

The basic idea behind retirement is a comfortable and stress-free lifestyle after years of hard-work.

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 5 Retirement Planning Myths Debunked

5 Retirement Planning Myths Debunked

Having a planned approach helps in all situations. This becomes especially true for personal financial planning.

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How To Make An Early Retirement Plan

How To Make An Early Retirement Plan

The only thing that makes early retirement planning different than conventional retirement planning is time. Many of us make an early retirement plan to follow our unfulfilled dreams or hobbies. For many, early retirement might happen as early as in one's 40s

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6 Reasons To Begin Early Retirement Planning in Your 20s

6 Reasons To Begin Early Retirement Planning in Your 20s

Millennials are increasingly seeking to pursue valuable investment options to accomplish life goals. However, in the constant pursuit of short-term goals, they barely consider planning for long-term investments in their 20s.

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Know how to retire early

4 Tips On How To Retire Early

Over the course of your working life, you have varying needs and goals. As you cross different milestones, these needs change accordingly. At times, necessities such as paying for your children's higher education or their weddings might take immediate importance.

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Start retirement planning now

Know How To Begin Retirement Planning Early

No matter at what stage of life you are in, and what life goal you are pursuing, retirement planning should be a part of your investment journey. Even though in the scheme of things retirement planning may seem far away, it is a good idea to regularly think, plan and invest towards it.

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