How to start planning for retirement at 40 & above | Retirement Planning Strategy for 40+ @BWealthy
Is it too late? Getting old without a plan?! Are you 40+ and starting to think about retirement only now? This helpful video gives you a step-by-step guide through the process of planning for retirement. Learn about the financial and lifestyle considerations to keep in mind, and pick a retirement plan that suits your financial health. Get the advice and resources you need to plan for a comfortable retirement. In this video, we share an example of how you can accumulate a corpus of Rs 3 crores for retirement by the age of 60 years if you start planning at 40. If you plan on retiring at 60, fret not, since you still have 20 years to build a retirement fund and save accordingly. The first step to retirement planning is getting organized and understanding your current financial situation. Second, would be factoring in your expected expenses. Then get a ballpark on your estimated saving & investment needs and start building your plan. We provide a detailed guide to doing all of this, and how you can plan on putting things in action. This will provide you with an estimated amount of money you need to have accumulated to fund your retirement. 0:00 Intro : Is it too late, retirement planning worries & concerns 0:48 Retirement Planning for 40-year-olds. 1:46 How to plan for retirement starting at age 40. 2:40 Important plans and insurance. 3:09 The important questions to answer with an Example. 4:40 Investment Plan : Rs 3 crore retirement fund by 60 years 7:42 Mistakes you should avoid at 40 years while planning for retirement 9:08 To do List for Retirement Plan at 40 years Download Fisdom on your mobile : https://bit.ly/3PsUd3k Recommended watch: ➡ Stock Smart : • Best Renewable Energy STOCKS in India... ➡ Mutual Fund Simple Hai : • Mutual Fund Simple Hai-Ep 10|Best sui... ➡ Youth Finance : • Fab India IPO | Fab India IPO News, ... To watch the best videos on investing, Subscribe to Fisdom Channel ➡ https://bit.ly/FisdomOfficial and hit the 🔔 to watch our videos first. If you have any concerns with respect to Fisdom, please feel free to write to us at [email protected] Follow us on: Facebook: https://bit.ly/Fisdomfacebook Twitter: https://bit.ly/Fisdomtwitter Instagram: https://bit.ly/FisdomInstagram LinkedIn: https://bit.ly/fisdomlinkedin Telegram: https://bit.ly/Fisdomtelegram Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
