Saving for retirement is the most important thing you do with your money, and the earlier you do the least money it will require. While talking about retirement, a lot many people says that they will never retire.

Post-retirement financial planning is crucial for providing an individual with a secure future while maintaining a comfortable standard of living. However, people often under-estimate the corpus required post-retirement and overestimate the existing savings and investments.

The financial markets offer exciting investment opportunities to investors across the asset classes. Such asset classes include equity, debt, gold, real estate, etc. Some investors might feel comfortable investing in a single asset class as they understand that asset class better. 

The most important determinant of an investor's long term investment results is composition of assets or asset mix in the investor's portfolio. Statistically speaking, as the investment horizon gets longer, asset allocation emerges as the dominant factor driving investment results. Thus, in any financial planning process, arriving at an appropriate asset allocation is the most important decision variable. 

The total corpus of mutual funds has increased due to the large inflows from non-corporate investors after demonetisation. The absolute growth between September 2016 and March 2019 is around 50.6%. The major chunk of the growth has come from equity corpus and non-corporate debt corpus. Both the segments registered 118% and 41% absolute growth.

The investors are spoilt for choice between various investment opportunities in the financial markets, considering there are numerous financial products available across multiple asset classes like equity, debt, gold, real estate, etc. Your investment strategy decides what financial product occupies how much space in your portfolio. This is what is termed as asset allocation, which in simpler words, means the proportion of different asset classes in your portfolio. It is a systematic approach of maintaining the right asset mix, with due considerations of one’s risk bearing ability, financial goals and investment horizon. 

According to the book of Genesis, women are supposed to be created from the rib of man. Women over the generations have just been assigned the typical roles of mothers, sisters, daughters and wives. The woman of today has proudly taken all the above mentioned roles to another level by straddling with equal ease the professional domains of the corporate world. Hence, women today are teachers, leaders, bosses and much more with equal aplomb. They stand shoulder to shoulder as earning members with their male counterparts.

Plan For Your Retirement Wisely!