Late on retirement plan


My neighbor is almost 50 and hasn’t started on retirement planning. What can be a good starting
point for him?


For someone with no retirement planning at 50, the risks are way too high. Even if you start retirement planning at 50 with just 10 active years of work you will need to invest a substantial amount per month towards retirement planning. Retirement plans at 50 will mean he will have to adopt a much more aggressive approach towards investment for your retirement. So consider
investments in aggressive instruments like equity funds and stocks.


Hi Aswani,

Your neighbour can still start planning for retirement. The first thing that should be done is getting rid of debts. The sooner it is done, the better. The loans that have the highest interest rate should be settled first. Then, one can move on to investments. The most important thing will be to set up a stream of regular income by investing in the right financial products. For more information, you can read this blog post -

BB Expert