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Most of us dream of a financially secured and independent life post retirement. After all the years of hard work, we wish that our life-long savings help us meet our expenses and aspirations without compromising our lifestyle.

But it is easier said than done. Today, with rising prices, increasing health care costs and higher life expectancy, our savings can come under severe stress and may prove insufficient for the rest of the retired life. So, not just before retirement, we want our hard earned money to work for us even after retirement. Besides, forecasting macro-economic factors such as inflation, rates of return on specified asset classes and future trends in expenditure, is a complex and specialized process.

We, at Principal Retirement Advisors, make this simple for you through a personalized, comprehensive yet actionable post retirement payout plan that endeavors to provide the most optimized post tax regular income to meet your needs, goals and aspirations. At the same time, we ensure that all personal & financial risks are also sufficiently addressed!

Identifying your post retirement goals

Identify Post Retirement Expenses categorized as Essential Expenses (Household, healthcare etc.), Liabilities & other Discretionary expenses and to estimate the corpus required for achieving these goals. This helps you understand your financial needs in the future and prepares you for taking the necessary steps.

Review Current Financial Situation

It entails a complete financial health check. The basic objective is to estimate your cash flow and the risk to its continuity. It involves a complete assessment of your income, expenses, assets and liabilities. Planning helps understand whether you are living above your means or whether your liabilities would eat into your savings. It helps you to understand how your money flows!

Investor Profiling

Assess your risk profile to understand your risk tolerance and appetite. While risk appetite refers to your capacity to take risk, risk tolerance indicates how much risk your finances can handle. Your investment decisions depend on your risk profiling to a great extent.

Asset Allocation

Recommend an asset allocation to diversify and adapt your portfolio to your needs and investment climate. Asset allocation is the process of combining various asset classes such as large and small/ mid-cap equities, bonds, cash equivalents, gold etc. Typically, each investment category reacts differently to changing economic and market conditions creating a mix of asset classes that can help balance risk and return.

Investment, Insurance & Utilization Strategy

Help you execute the suggested asset allocation through most tax efficient, liquid and risk optimized investment options. Recommend a suitable utilization strategy to best utilize your retirement corpus without having to compromise your post retirement needs and aspirations. Also, assess your health and asset insurance related requirements and recommend suitable insurance options to take care of contingencies

Periodic Monitoring and Rebalancing

Review your plan for your risk tolerance, cash flow volatility and market conditions and rebalance as necessary. It is important to monitor and review your plan every 3-6 months and rebalance your portfolio after taking into account the above factors.

Our experienced Principal Retirement Advisors can guide you through this process and help prepare you for your golden years!


Have a question? Write to us at inquiry@principalindia.com.

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