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Retirement – It’s a Child’s Play, Would You Interested

  June 8,2021

Retirement – It’s a Child’s Play, Would You Interested to be Coached???

The biggest challenge today is living longer. Absolutely there is no support from the government and hardly any from where you work.

When everyone is finding it difficult even to bring up their kids on their education and marriage, where will they find money to save for their retirement?

Most often than not it is silently ignored. Believe me, we are entering the world wherein we need to take care of ourselves, if not no one else will do.

Opportunities are always aplenty for the next generations than what we have now. Kids are definitely smarter than us, instead of focusing on their education or marriage let us focus first on our retirement. We can then think about the rest.

I love these 3 quotes

  1. It is not selfish to LOVE yourself, take care of YOURSELF, and to make your HAPPINESS a Priority, it is Necessary.
  2. It all begins with YOU. If YOU do not CARE for YOURSELF, YOU will not be strong enough to take care of anything in LIFE.
  3. YOU are not required to set yourself on FIRE to keep others WARM.

I always wonder why such a beautiful investment product like mutual fund is hardly understood and appreciated. One of the reasons, I found in my little experience tells me that I, as an advisor and you, as an investor will always talk about the returns whenever we deal with mutual funds. Both of us know that returns are always volatile and the only way to get what we want is to stay invested.

Staying invested is not easy. When the markets are volatile, it can be managed only when we align our long-term goals with the investment, then our mind will shift more towards the goal rather than watching the market every now and then.

ICICI Prudential Mutual Fund has come out with Freedom SIP and the theme is very powerful. We can’t guarantee anything in the mutual fund, still, one can comfortably achieve what is quoted below. There is only one way to trust the future, provided if you see some pattern in the past. Tell me any particular period when the market is down and let us see the value if they started 8,10, 12 and 15 Year before. It will be 10% return through the systematic investment plan.

Below illustration is easy to understand, if you still need some input feel free to contact me.

Freedom SIP, Choose How Much You Want and When You Want
Monthly SIP 10,000 10,000 10,000 10,000 10,000 10,000
No of Years 8 10 12 15 20 25
Total Investment 9,60,000 12,00,000 14,40,000 18,00,000 24,00,000 30,00,000
Expected Returns 10% 10% 10% 10% 10% 10%
Future Value 14,45,558 20,14,517 27,03,088 40,16,212 91,98,573 1,70,22,065
Monthly Pension Immediately 10,000 15,000 20,000 30,000 60,000 100,000
Pension Effective Returns 8.30% 8.90% 8.80% 8.90% 7.83% 7.05%

Once you have chosen the tenure based on your age and requirement, you can comfortably expect the monthly pension that is mentioned. Most importantly, you will also get the future value mentioned (equal or more) whenever you wanted to stop receiving pension.

Considering the penetration and growth of Indian economy it is very much possible to generate more than 10% in the future as well.

This product comes with a FREE Insurance cover. This scheme protects the individual in case of any eventuality till 55 years of age, and Insurance cover will be up to 50 Lakhs.

1st Year it would be 10 times of your SIP Value (up to 12 Months), 2nd Year it is 50 Times (13 months till 24), 3rd Year it is 100 times (25th month onward till one reaches 55) during the investment period they have opted.

Last but not the least, Self-care is not SELFISH. You cannot serve from an empty Vessel. Let us take this year 2020 to first protect ourselves that will enable us to protect our family too.

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