A recent shift in lifestyle has made individuals set a very idealistic vision of retirement- doing all the things one never seemed to have time to do in working life. But they are not sure how to pursue this vision. Given the lack of social security benefits for most people, individuals are responsible for planning their retirement.
Retirement planning involves an analysis of the various choices that one can make today to provide for a financial future. Though people have always saved or indulged in wealth creation in the past, they never had the concept of planning or calculating for their retirement. It is in the recent past that people have realized the importance of planning for their golden years. There is a growing tendency to save wealth creation for the retirement corpus.
At the end of this course, you will be able to understand the following:-