retirement

Target net savings of 35% of pay for a corpus of ₹5 crore by age of 60

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Target net savings of 35% of pay for a corpus of ₹5 crore by age of 60

I am 38 years old, make ₹1.35 lakh a month, and want to accumulate ₹5 crore for my retirement. Where and how should I invest to achieve this objective? —Name withheld on request You are 38, and if you plan to retire at the age of 60 with a corpus of ₹5 crore, you should … Read more

How the national pension scheme can be utilized for early retirement

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How the national pension scheme can be utilized for early retirement

An argument that is often heard against the National Pension Scheme(NPS) is the long lock-in till age of 60 years. Another concern is the accessibility of the corpus in case of early retirement. Subscribers have for long been used to defined benefit scheme like the employee provident fund which gives a fixed return and find … Read more