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WHY DO YOU NEED A RETIREMENT SOLUTION?
While retirement has different meanings for different individuals, it is generally associated with a few unique changes and individual aspirations. Careful solutioning is required for retirement to meet future cash flow requirements while tackling rising inflation.What does Retirement mean for you?
Changes in Lifestyle/Cash flow pattern
- Discontinuation of regular income flow, resulting in need for managing cash flows.
- Gradual increase in expenses such as medical, leisure etc.
Retirement dreams range from relaxation to ambitious second careers
- More time available for spending with family and relatives.
- Freedom to indulge in things which were put off earlier, like Hobbies, Travelling etc. because of other life demands.
Financial solutioning becomes critical
- Lifestyle needs to be backed by investments.
- Different goals like Bequest, philanthropy etc. will need different financial products.