SBI Mutual Fund ‘Investment Café’
A special kind of discussion was seen in Delhi’s Khan Market, where common people and experts sat together in ‘Investment Cafe’, an initiative of SBI Mutual Fund. Age, profession and experience were different, but the questions were almost the same – how will money be managed after retirement? What is the right investment? And is today’s preparation enough for tomorrow?
Retirement is not just age, it is also thinking
In this discussion, Dr. Tina Sharma shared her views and said that she always planned by staying away from ostentation. His focus was on emergency fund, cash and gold so that he could get immediate support when needed. At the same time, retired Army Major Dr. Mohammad Ali Shah said that retirement does not mean the end of work. According to him, the biggest investment is in body and health, because if you remain fit, life will also be active.
Women will have to handle financial responsibilities themselves
In this discussion, entrepreneur Neha Shalini Dua gave an important message for women. She said that many women do not invest thinking that family or husband will take care of everything, but this thinking can be harmful in future. Every woman should understand and decide her own savings and investments, be it property, gold or any financial scheme.
Just saving money is not enough
Giving an important turn to the conversation, Money9Live editor Priyanka Sambhav raised the question whether just keeping money safe is enough? He explained that today’s expenditure and 10 years’ expenditure are not the same. Inflation gradually increases expenses. In such a situation, if the investment does not give faster returns than inflation, then there may be problems after retirement. He also said that if money is stuck in real estate, it is not easy to convert it into cash immediately at the time of need.
Path for irregular earners also
During the discussion, Advocate Harsh Singh raised the question that how should those whose income is not the same every month, plan for retirement? Experts said that solution-based retirement funds are better for such people, where lump sum investment can be made and the fund manager invests by balancing equity and debt.
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Bucket strategy will make planning easier
An easy method of retirement planning was also explained in the ‘Investment Café’, which was called Bucket Strategy. In this, investment is divided into different parts, one part for emergency, the second for the needs of the coming few years and the third for the long term, where there is a chance to grow ahead of inflation.
Income possible even after retirement
Experts said that there are options like SWP to get regular income from investments after retirement. In this, the money remains invested and withdrawal is also done every month or at fixed time as per the need. This method is also considered beneficial from tax point of view.