Retirement investing involves allocating funds into various financial instruments to build a corpus that provides financial security and income during retirement.
Investing for retirement is essential to ensure financial independence, maintain your lifestyle, cover medical expenses, and protect against inflation during your retirement years.
The earlier you start investing for retirement, the better. Early investments benefit from compounding returns, allowing you to build a larger retirement corpus over time.
Popular retirement investment options include pension plans, Public Provident Fund (PPF), Employee Provident Fund (EPF), National Pension System (NPS), mutual funds, fixed deposits, and Unit-Linked Insurance Plans (ULIPs).