Retirement planning

I’m 26, Single, Male earning about 3 lac p.a. in Delhi, India

I wish to start planning and investing / saving for Retirement planning ASAP.

Can someone guide me with best retirement plans that I can consider and various other options that too should be included for a safe and healthy retirement corpus.

Consider me not doing any investment right now and give your answers for a starter in Job.

You are someone in the initial years of your career. I am glad that you are asking these questions now. There is nothing like starting early, in your investing life and use the power of compounding to your advantage. To understand power of compounding, consider this excellent article at http://www.valueresearchonline.com/story/h2_storyView.asp?str=4007

Next, you can invest in a mix of the following strategies, depending on your investing risk profile, as indicated below. Invest only those funds that you do not need. Get in the habit of saving 30-35% of your salary regularly. Create an emergency fund, roughly equal to 4-6 months of regular monthly expenses. Once this is covered, you may have funds that you will not need say for next 3-5 years for regular or emergency expenses. Use these funds to invest wisely. You need to remain invested for the long term, since you want capital growth.

Conservative Risk Profile (you seem to be of this type; someone who wants his principle to be secure and is looking for a decent growth over the long term)

1. PPF (Public Provident Fund) – account can be opened with any State Bank of India branch. This gives you a compounded 8% return per year, is currently tax free, and is the safest instrument available. Invest 50% of sparable funds in that

2. A Balance fund like HDFC Prudence Fund – This Mutual Fund invests in both equity (65%) and debt (35%) instruments. This is one of the safest funds with a great track record of over 14 years, and has been giving a compounding return of around 20-25% per year. This fund has one important virtue: it manages to lose less than the category average in periods of downside. Couple this with its tendency to top charts & you get a safe & sure fund in HDFC Prudence. Invest 30% of the funds in HDPC Prudence.
check out HDFC Prudence fund analysis at

http://www.valueresearchonline.com/funds/fundanalysis.asp?schemecode=600

3. Equity Diversified MF -like SBI Magnum Contra, Reliance Growth. - Retirement planning
These are funds having a very good long term record in delivering great returns with low to average risk. They have figured among the top fund ratings for a very long time. Invest the balance 20% in funds like these
Check out more on the top rated funds at http://www.valueresearchonline.com/toprated.asp

Retirement planning

Moderate Risk Profile (someone who can take a little more risk with some of his money)
PPF -40%; HDFC Prudence -30%; SBI Contra or Reliance Growth fund -30%

Aggressive Risk Profile (someone who can take higher risks with some of his money)
PPF-20%; HDFC Prudence -30%; SBI Contra or Reliance Growth – 50%

It is crucial that you have set your mind to set aside a part of your salary for your retirement. This can be in the form of a bank savings account, a 401k plan, etc. It does not matter how small or how large an amount you will save as long as you set it aside. You can eventually increase the amount that you save whenever you have extra money, you get a salary raise, or you have finished your payments.

Retirement planning

All I can really think of with consequences is, like i said, the fact that you have to pay into the accounts/have your employer take money from your paycheck and put them into the accounts.

Thanks in advance for the help

Your thoughts are wandering all over the page getting me confused. I suggest you consult a local tax professional or financial planner because it sounds like you need that instead of the quickie answer you will get here.

Every person in an economy is happy when the financial markets are bullish, with high rates of economic growth. Public spending levels are high, investment levels are soaring, and the expectations about returns from investment are sky-high. Financial planning is necessary in these periods are necessary in these periods, but not so much so as in periods of recession. When recessionary forces hold sway, market economics project bearish markets and low growth levels. During these times, finance planners and proper planning is of utmost importance in order to ensure that investments are not affected too badly, and a swift recovery remains possible.

Recessionary phases come as a harsh reality check for the investment market, where expectations remain invariably optimistic during bullish conditions. These phases of economic downturn are the times when personal financial planning proves to be extremely valuable. It is common that investors (who generally predict returns as high as 20 percent during good times) become extremely pessimistic in their expectations during recession, and may indeed, drastically cut down on their investment levels.

This is where finance planning comes in handy. Financial plans, when done in a proper fashion during recession, can help investors achieve their targets, even during a market downturn. Planning should be based on expectations that are neither too optimistic (as during bullish periods), nor too bleak (as is often the case during recession). Financial planning, especially during a deflationary market, comprises of the following strategies:

a) Revision Of Investment Targets: Common investors always have certain targets in mind as they frame their finance plans. These targets are also generally accompanied by well-defined time-frames within which to achieve them. However, the ability to invest is adversely affected during a recessionary phase. In such a scenario, the initial investment plans might need to be revised and/or toned down according to the situation.

Realistic expectations are of the utmost importance in planning during deflation. When an economy experiences a downturn, individual incomes are adversely affected, reducing their ability to invest. This, in turn, results in individual debts being paid off less quickly than what might have been imagined initially. Additional payments on individual mortgages and debts are difficult to come by, and the time-frame required to achieve one’s investment targets may need to be extended during recession.

b) Proper Estimation Of ‘Risk-Tolerance’ Levels: Based on how ready an investor is to take risks in order to gain higher returns, (s)he can be classified as ‘risk-lover’, ‘risk-neutral’ or ‘risk-averse’. Awareness regarding ‘risk-tolerance’ grew rapidly after 2000 (after the dot com bubble burst). During recession, individuals need to accurately asses their risk-tolerance levels, and then choose the investment plans that would suit his/her preferences.

c) Restructuring The Individual Portfolio: After a revision of investment plans, a restructuring of portfolios that are currently held is also important. Sector diversification is an effective strategy, since owning a mix of small-cap, mid-cap and large-cap stocks effectively lower one’s risk, while maintaining a high rate of return attached to a portfolio,

d) Revision Of Insurance And Estate Plans: Insurance plans are generally made in order to plug the gap between desired levels of lifetime expenditures and portfolio incomes. During recessionary periods, portfolio income might go down. Consequently, one needs to expand his/her insurance plans. A thorough revision of real estate plans is also necessary.

These components of financial planning, if carried out properly, can help investors a great deal during recession. Hence, finance plans are of great importance during these periods.

Sam Williams
http://www.articlesbase.com/finance-articles/finance-help-the-importance-of-financial-planning-in-a-recession-market-716485.html

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