Retirement Planning: In present times, everyone should start planning for their retirement right from the beginning of the job. So that you do not have to extend your hand to anyone or depend on anyone in old age. If you are also planning to invest for retirement, then let us tell you at what age you should start investing…
In today’s time, if you ask any financial advisor for investment advice, he will first advise you to plan for retirement at an early age. So that in old age, your expenses along with your body can be protected. Well, everyone should start planning for their retirement right from the beginning of their job.
So that you do not have to extend your hand to anyone or depend on anyone in old age. If you are also planning to invest for retirement, then let us tell you at what age you should start investing, if you still delay then you will not get anything
Start planning at this age-
Generally the retirement age for employed people is 60 years. If you get a job at the age of 25 to 30 years, then thinking about retirement should start from the age of 35-40 years. This stage of age is better because by this age you start understanding about the expansion of your family and along with this, your health also remains good at such a time.
These schemes are the best-
Atal Pension Yojana- Registration can be done in Atal Pension Yojana from the age of 18 years to before the age of 40 years. In this, the person has to pay some rupees every month till the age of 60. After retirement, people are given the benefit of monthly pension ranging from Rs 1000 to Rs 5000.
Pradhan Mantri Vaya Vandana Yojana- This scheme is run by Life Insurance Corporation of India. In this, any senior citizen can invest a maximum of Rs 15 lakh and can take pension for 10 years.
The amount of pension depends on the amount of your investment. If you invest Rs 15 lakh in this, you will continue to get Rs 9,250 as pension every month for ten years, after which your amount will be returned to you.
Senior Citizen Saving Scheme– SCSS is launched by the government especially for those who are 60 years of age or above. Apart from this, people who have taken VRS between the age of 55 to 60 years can also invest in it. Its interest rates are better than fixed deposits and savings accounts. A minimum of Rs 1000 and a maximum of Rs 15 lakh can be deposited in this account.
National Pension System – National Pension System is a good option to get monthly pension. In this scheme, most of the deposited amount is invested in the market, in such a situation you get an average return of 10 percent on it. Any citizen of India whose age is between 18 to 70 years can take advantage of this scheme. To get pension you will have to invest till the age of 60 years.
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