Updated Jan 20, 2021 | 06:15 IST
While EPF is a good tool, it should not be your only investment instrument for retirement corpus building since EPFO invests predominantly in debt instruments meaning returns are not inflation-beating Building retirement corpus? Don t rely just on EPF | Photo Credit: BCCL
New Delhi: With inflation and cost of living going up, saving more, investing over time to live a financially secure life post-retirement is a requirement nowadays. In order to make sure that you maintain your lifestyle even after retirement, you need to plan early and start saving, investing money 25-30 years prior to your retirement so as to ensure that you build a large retirement corpus by the time you retire.
Updated Jan 19, 2021 | 06:12 IST
While EPF is a good retirement savings product, will it be enough? Most probably not. You need to save more for retirement and you can do that by voluntarily contributing more to your PF account Starting late for your retirement saving? Here’s how you can still build a large corpus
New Delhi: With the cost of living going up, planning for retirement early in your life has become a necessity. In order to build a retirement corpus that will be enough for you, you need to start saving and investing from your mid-twenties only. Many young people brush aside the topic of retirement saving as they feel it’s too early to plan for something that is so far off into the future.