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Nearing Retirement
Plan for Long Term Income
Consider Annuity
Retirement should be about spending cherished moments, doing what you love. Financial worries and responsibilities should be things of the past, but with joint family system long gone and skyrocketing inflation rates, one has to start retirement planning well in advance to enjoy the benefits of retirement. Given the increase in life expectancy, rising healthcare and lifestyle costs, one has to ensure a steady flow of income post retirement.
Systematic investing over a sufficiently long period of time to leverage the benefits of power of compounding can help you accumulate a sufficiently large retirement corpus. This is where investing early, in the right retirement plan, can help you in your financial planning.
Here's some food for thought
Build a contingency fund
Regular income post-retirement
Save for healthcare costs
Protect your partner
SBI Life - Retire Smart Plus
SBI Life - Smart Elite
SBI Life - Retire Smart
SBI Life - Smart Annuity Plus
SBI Life - Saral Retirement Saver