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Showing posts from April 19, 2011

The 10 Financial Doctrines of Wise Retirement Planning

The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He isthe Founder and Director of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in. The 10 Financial Doctrines of Wise Retirement PlanningLet’s begin on planning finance for retirement:

It is usual for many of us to aspire for a financially secure and happy retired life. However being financially prepared to meet the demands of retired life by saving and investing requires considering and following the 10 doctrines of wise retirement planning.



A look at the 10 doctrines to wise retirement planning:



1) Provide for contingencies

Most of us tend to underestimate our retirementneeds. Provision for medical emergencies with inadequacy of medical insurance in old age requires financial provision. Lack of government social security schemes and retirement benefits to self-employed and private sector…