Income Options After Leaving Job – Retirement In India

Income Options After Leaving Job - Retirement In India

Article Summary…..

Personal Financial Advice
Plan Adequate Monthly Income For Retirement
Increasing Yearly with Rise Expenses
Monthly Expense today 40000 = 1.54 lacs in 20 Years

Income Options After Leaving Job - Retirement In India

 Administrator  01-09-2017   01-12-2017

"Income Options After Leaving Job - Retirement In India"

Distribution Phase of Retirement:

The whole working span of life, you work to create a handsome amount which you use to generate regular cash flow after retirement. When you start getting income after retirement you are into distribution phase of your retirement years. In these years to live your passion, hobbies & to live your life independently you use this retirement corpus to provide regular income.

You get regular income after retirement monthly or annually for your needs from this invested corpus.

Personal Financial Advice

Plans after retirement –Distribution Phase:

Immediate Pension Plans by Insurers:

Immediate pension plans are the pension plans in which you will start getting a fixed pension from next month after depositing the accumulated corpus. You will receive the income in the beginning mode (monthly or annually you choose for the income distribution. At present there are a few insurers which give immediate pension plans, which give you a fixed income from next month.

Monthly Income Plans by Mutual Funds:

When we reach to our retirement stage our behaviour towards taking risk changes. We want our money to be safest. Monthly income plans these are the debt mutual fund schemes in which major asset allocation is into debt & debt related instruments. MIPs declare dividends from the generated profits. At present there are more than 35 Mutual Fund Companies which provide you Monthly Income Plans as a product.

Senior Citizen’s Savings Scheme by Post Office / Designated Banks:

This is the best investment in safe investments for retired individuals, backed by the surety of the Government. Senior citizen’s saving scheme is designated in such a manner a retired person is looking for. It is the safest, more reliable 5 year scheme in which a person of age 60 & above can invest up to the maximum amount of Rs. 15 Lakhs. It gives the investor tax benefits under section 80C & allow premature withdrawals.

Monthly Income Scheme by Post Office:

This investment product is the part of Small Savings Schemes in India, backed by the surety of the Government. Monthly income schemes can also be a better investment option after retirement as it offers the safe guaranteed returns in the form of monthly income to the investors. This scheme is of 5 years with the maximum capping of Rs. 9 Lakhs for joint holders & Rs. 4.5 lakhs for the individual. Investment can be made into Monthly income schemes through any post office all across the INDIA.

Fixed Deposits / Bonds:

These are one of the favourite investments of individuals of India. These are considered to be one of the safest investments. Fixed deposits & Bonds can be the option retired people look for. These are considered to be very safe & give fixed returns on investments. Government issues bonds raise money from public & offers fixed returns in spite of that.

Rental Income:

These are one of the investments which enable you to take care of your expenses as well as take care of inflation with time. Rental income can also be a good option into distribution phase. You will get the monthly income from the rented flat or house.

Planyourworld Online Retirement Income Planner

How it works
Fund Selection
Customer Care Support
+918468020019 (10 AM to 6PM)
Introductory Price
  • Register
  • Open Account
  • Category by List of Mutual Fund Schemes
  • Change exiting plans to Direct
  • Track achievement of your objectives
  • Review performance
  • Manage Scheme

Introductory Price
2000 + GST (Yearly)

Anil Kumar
Anil Kumar
2021-07-12
Thanks from bottom of my heart to Mr. Viplav Majumdar and his team for making such an amazing program
Rahat Jahangeer
Rahat Jahangeer
2021-07-12
I want to recommend this platform to each and every person I know.
Anmol Panday
Anmol Panday
2021-07-12
This is really a mission that Mr. Viplav Majumdar and his team is doing, Because 95% people don't know about this and the rest 5% wealthy people who know about this are not worried about others.
Raj Singh
Raj Singh
2021-07-12
Planyourworld gave me new avenue to explore to streamline my income
Vikram Choudhary
Vikram Choudhary
2021-07-12
Planyourworld has helped on financial plan & how to take care of money plan towards untoward incidents in life.
Manish Nagar
Manish Nagar
2021-07-05
I went through the ebook, I haven’t seen that any advisor tells these things to us
Faizul Khan
Faizul Khan
2021-07-05
I needed some more from Viplav, if he could check my things personally. Later I realised he wants us to learn, so I can do it on my own.
Sudhanshu Singh
Sudhanshu Singh
2021-07-05
I never saw a complete package at this cost. I might have easily paid 25k for this
ankush choudhary
ankush choudhary
2021-07-05
I am already getting my passive income, still enrolled, I know I didn’t know anyone who is interested in me, Viplav and his team really helped me
Nevermore
Nevermore
2021-07-05
The entire package is awesome, I am using it I am satisfied.

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