Recent shift in lifestyle have made individuals set a very idealistic vision of retirement- doing all of the things that one never seemed to have time to do in working life. But they are not sure how to pursue this vision.
Retirement and pension reforms have been the subject matter of much heated debates in recent times within the government and outside the government.
Given the lack of social security benefit to the majority of population, the onus is on individuals to plan for their own retirement. There has been a widely felt need for a progressive and comprehensive reforms initiatives for greater awareness and participation in the retirement planning.
Retirement planning involves an analysis of the various choices one can make today to help provide for financial future.
Though people have always saved or indulged in wealth creation in past, they never had the concept of planning or calculating for their retirement. It is in recent past that the people have realized the importance of planning for their golden years. There is a growing tendency of saving and wealth creation for the retirement corpus.
At the end of this course, you would be able to understand :-
- Basic Concept of Retirement Planning
- Retirement Issues
- Relationship with other aspects of Financial Planning
- Steps to start Retirement Planning