Everyone dreams of financial stability and security during retirement. And one of the best ways to do this is through a retirement strategy. Discover how you can build a perfect retirement strategy worth Rs 5 crore by investing in EPS, NPS, and PPF.
Importance of retirement planning
Retirement planning has several benefits, such as tax savings and a longer life expectancy. American businessman summed it up perfectly when he said, "If you don't find a way to make money while you sleep, you must work for the rest of your lifeā.
Comprehensive retirement strategy according to the scheme
Employee Provident Fund [EPF]: Perfect for people on salaries. Assuming 8.25% returns, an employee and employer's monthly payment of ā¹7,835 can grow to ā¹2 crore in 30 years.