I recently turned 40, every birthday wish was followed by “Wow milestone Birthday so what’s the plan?”
While birthday pampering and party was on my agenda, thoughts on retirement were not. But I guess from 40, retirement is not so distant so try as I may it refused to leave my thoughts!
The whole day I was telling whoever would care to listen how I barely would be able to see my daughter through her education before I turn the milestone 60. As 60 is when for most people their income starts to decline. Hence making retirement planning very important.
This ails most of us as we start thinking and planning for retirement too late. The below info graphic will tell how an early start can give a great flip to the retirement corpus.
Thankfully for me I have been investing in equity mutual funds for some years now so I can now peacefully enjoy my 40th!
Happy 40th now truly!
Lakhs of investors have turned to systematic investment plans (SIPs) of mutual funds in recent months. SIP inflows have increased rapidly—investors pump in close to Rs 4,500 crore every month through this option, compared to just Rs 1,200 crore a month in early 2014. The average ticket size of a SIP has also jumped from Rs 1,800 to Rs 3,200 per month today.
