Retirement PlanWhile planning for retirement, you need to keep in mind that wrong investment and wrong way of saving can cause trouble for you. Also, there is a need to keep the risks in mind before investing anywhere.
Retirement Plan: If you are 40 years old then you have 20 years left for retirement. If you plan well, after retirement you can get a pension of Rs 1 lakh every month.
National Pension Scheme by the Central Government (National Pension Scheme) is being run. National Pension Scheme (NPS) comes under a supportive pension structure and provides financial security to people for their supremacy life. There are various investment options available in NPS, such as marketable investment, government investment etc.
Earlier only employed people could invest in this scheme. But, now it has been opened to all people. That means, even if you do business, you can invest in NPS for your retirement.
To get a pension of Rs 1 lakh every month through NPS, you will have to invest about Rs 63,000 every month in NPS. However, before investing such a huge amount you need to keep in mind your income and risk.
Before investing in NPS, get complete information about it. Also, start investing after consulting a financial advisor.