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Showing posts with the label best retirement plan in india 2020

Ready to Retire Early

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                                         Early Retirement Retire Early It means retiring before your normal age. With good planning, it may be possible. According to the FIRE formula, if you live frugally and save furiously you can retire early. The FIRE movement- Financial Independence, Retire Early. It is a simple phrase but hard to implement. Indicators that help you to retire early Debt-free -Debt is a serious threat to your financial security because it leaves you with less money to do things that you really want to do in life. Paying off debt ends this vicious cycle and frees up your money to buy things you really enjoy. Ample savings -If you wish to retire earlier, you need to save and invest more aggressively as the time horizon is shorter. Have emergency buffers -If you are retiring soon make sure your emergency fund is in good shape. It is a saving that is kept only for unexpected expenses.  Support dependents- Retirement plans act as a financial cushion. It gives your depend