Retirement Planning

What is Retirement Planning?

Retirement is a time when your regular income stops and you totally depend upon your savings. According to PTIC INDIA (Retirement Planner in Delhi), Retirement planning means saving sufficient funds for your future finances needs. A good Retirement Plan can secure your post-retirement life financially. In Retirement Planning you have to decide what is the right time to start saving and invest your money for future. Every individual has different retirement needs. To work this out, you have to think about how much time you have in retirement and what sort of life you are expecting to live.

When you getting close to your retirement, it is a good time to look out the daily expenses or monthly budget of your household. Your budget will determine the amount of money you can contribute to saving for the retirement plan. According to a study in financial planning, you should invest 10 percent of your income in your 20s, 15 percent in your 30s and 20 percent in your 40s for a healthy retirement.

Several benefits that come under Retirement Planning:

  1.  A regular source of income
  2. Rest and relaxation for the lifetime
  3. Increase Life Expectancy
  4. Take care of your family in your absence

Types of Retirement Plan:

Individual Retirement Plan:

Individual Retirement plan also known as IRA or Individual Retirement Account. As the plan name suggested, individuals used this plan to save or earn for the retirement.
There are several types of IRA plans in the market: Traditional IRAs, Roth IRAs, Simplified Employee Pension IRAs and Simple IRAs.

Employer-Sponsored Retirement Plan:

Employee use this plan for Retirement savings. Most of all, these are some of the Employer-Sponsored Retirement Plan: 401(k) Plan, Roth 401(k), 403(b) Plan, 457 Plan.


An annuity is an agreement between you and the Insurance company. The insurance company also provide you income annuities. As a result, it works as a source of income in retirement.

Government-Sponsored Retirement Plan:

There have Government approved Retirement Schemes such as National Pension Scheme of SBI and Atal Pension Scheme, where you can invest.

You may call us or visit us to know more on how PTIC INDIA (Retirement Planner in Delhi) can fulfill all your Finance, Investment, Wealth Management, Retirement Planning needs.