Hi.. I am 41 yrs old and can park Rs 10 lacs in HDFC retirement savings fund and SBI Retirement Benefit fund for 10yrs. I would need monthly income after attaing the age 52yrs. Pl advise for the above.
Ans: It's inspiring to see your proactive approach towards securing your financial future. Investing in retirement savings funds is a commendable step towards building a nest egg for your post-retirement years.
By allocating funds to HDFC Retirement Savings Fund and SBI Retirement Benefit Fund for a duration of 10 years, you're laying a strong foundation for your retirement income needs. These funds are designed to grow your investment over time while providing a steady income stream in your retirement years.
As a Certified Financial Planner, I appreciate your foresight in planning for monthly income after the age of 52. It's crucial to continue investing consistently and regularly review your investment strategy to ensure it aligns with your evolving financial goals.
Remember, retirement planning is a journey, and by taking proactive steps now, you're empowering yourself to enjoy a secure and fulfilling retirement in the future.