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7 Biggest Retirement Planning Mistakes People Regret

we all look forward to retirement it's the time to sit back relax and enjoy the fruits of our labor unfortunately whatever aspirations we may have for our golden years can quickly turn into a nightmare if we make certain mistakes when planning for this phase of life these mistakes are surprisingly common and tend to lead to financial stress and regret with a big impact on quality of life some of these mistakes are 1. not planning for retirement two retiring too soon three relying too heavily on Social Security 4. underestimating health care costs 5. failing to save enough for retirement six taking on too much debt seven not maintaining strong relationships if you want to learn more about these mistakes and how to avoid them subscribe to the channel a new video is coming soon and you won't want to miss it.

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Is 1 Crore Enough To Retire? How to plan your retirement?

Hi friends, welcome to Yadnya investment academy. We are going to talk about a topic of financial planning on Friday. And today's topic is very interesting. Because this question is asked regularly on many social media channels and workshops. That people have an amount in their mind that is 1 crore rupees. We think that if we have 1 crore rupees, our life will be good. So this question remains in the mind that if I have 1 crore rupees, can I retire now? Am I financially free? I don't have any tension of retirement now. Now whatever work I am doing is extra. So that 1 crore rupees is enough. And if you have retired now and got EPF money and total is 1 crore is it enough for you? And if it is enough or not, how much can you spend in both questions, when is enough and when is not.

We will touch on all those things in this video. I will explain everything through a calculator. You can check that calculator on our website investyadnya.in as well. We cover many topics of financial planning in this session. If you want to make your own financial plan, then go to investyadnya.in website There are many products related to financial planning. There are 1 to 1 sessions as well. You can check that out. Now I am going to my website and I am sure you can see my screen. If you go to the tool and calculator, here you can see the retirement calculator. I don't think you will get this anywhere else.

Now the question is, suppose I have 1 crore rupees, is it enough for me to retire? First of all, I will be asked what is my age? I am just giving an example, 50. Suppose I am 50 years old, what is my life expectancy? It is important to know when you will be retiring. I think we should keep it around 90. I am keeping it at 90. How much is the expense now? If you are retiring and you have 1 crore rupees, how much do you want to spend? What is your monthly or annual expense? Suppose I am thinking that I have 6 lakh rupees. I have put 6 lakh rupees here. How much inflation are you assuming? How much will my expenses increase every year? If India's inflation is around 6-7%, then you can assume that.

Suppose 7% inflation till the end of life. Current asset, how much money do I have? I will put 1 crore rupees here. I have 1 crore rupees here. I will put that here. How do you invest this 1 crore rupees? How much return will you be able to earn? This is a very important question. What type of investment do you want to put? Do you want to put it in PPF? Do you want to put it in Senior Citizen Savings Scheme? Or do you want to put it in FDs? Or do you want to create a portfolio of Mutual Funds like Hybrid Equity Funds? This is very important. Let's take all the scenarios. Suppose I want to put it in FDs. I don't want to do anything special. I will get 7% return in FDs. Whatever is the post tax. Or whatever you think. You get 7.5% but let's keep 7% for calculation. Let's keep 7.5%. Let's keep 8%. We have put it in bonds, Senior Citizen Savings Scheme. And there is some money in EPF.

So, we have kept some money in equity. So, my 8% will earn 1 crore rupees corpus. Which is 1% over inflation. I have taken 7% inflation and 8% returns. I have to put these 6 fields first. If I submit this, My retirement corpus is in deficit of 1 crore. This means that I need 1 crore more to develop this scenario. If I am 50 years old and I have 6 lakhs per month. And 7% inflation. And 8% growth. I need 2 crores. 1 crore is not enough. Now, let's change the scenario. What should I do if I am not able to do it. I can either reduce it. I don't spend Rs 50,000 per month. I can do 30,000. Then we can change the amount. We have done 36,000. And then we have put this change. So, 21 lakhs is still less. So, basically it will come to 3 lakhs. So, now our retirement corpus is only 67,000 less. So, I can spend 3 lakhs per year. If I can spend Rs 25,000 per month. And if I take 7% inflation. And 8% growth. Then 1 crore is enough in 50. If I spend 25,000. If I spend 50,000 with same scenario.

Then I will need 1 crore. Now, you will say that I invest in mutual funds. I know investing well. And I think that my corpus can earn 10%. If 7% is inflation. Then I think that my corpus can earn 10% per annum. Like our approach. You must have seen many videos on retirement. If you want to understand anything. Then put it in the comment section. If I think that I can do 10%. So, let's try it on 6% after spending 3 lakhs. So, now our corpus will be 47 lakhs. So, it means that I can spend 4 lakhs or 4.5 lakhs. So, 4.2 or 4.3. Means I can spend around Rs 35,000 per month. If I can earn 10% return. Now, you will say that I have already retired. I am 60 years old. And now tell me what is this scenario. So, in that I can spend 50,000 per month. So, in 60 years also if you are earning 10% return. Then there is a deficit of 24 lakhs. If this scenario plays. You say that I have inflation. I don't spend much. 50,000 per month. Next year, I will grow according to 5%. Then it is good. 5% inflation, 10% rate of return, 1 crore rupees. You have enough. You have just enough.

So, you can spend 50,000 per month. If you are 60 years old, you will get that money for 90 years. Now, there is one more thing. Many people think that I have a pension. I have a house. He is giving rental. Or I am getting pension. Suppose you are getting pension of Rs 10,000 per month. Means it comes more than that. But I think 10,000 per month. So, I am getting a pension of 1,20,000. And we will make it 7 again. Is there any growth of pension? It seems that 2-3% growth is there. So, let's grow it by 3%. Till when will the pension come? Will it come till 90? Will it come till life expectancy or will it come soon? Many times, for limited time, money is going to come.

So, we sell those things. Rental is going to come. I have to sell that house after 10 years. So, you can put that also. So, I have to get pension till last. Till 90. So, then in 6 lakhs, 7% inflation, 1 crore, 10% and all. So, then almost I am there. Means 3 lakhs is the only deficit left. So, in this way, you can find out that the money you have, is it enough for your retirement? So, now you can change the amount. If you have 2 crore, 3 crore or 50 lakhs, then you can change the amount. Accordingly, you can find out how much expense I will have after retirement, my work will go smoothly till life expectancy which I have planned. So, this will be very very helpful for you. So, if you like Calculator, then do share this video with everyone. I think this will be very helpful to many people in retirement planning.

And from the perspective of financial freedom also. And if you want our financial plans and personalized approach, if you want to understand how to get 10% rate of return, or what all I can do after retirement, then you can go to our website and call our customer service, sales team or relationship team. You can WhatsApp or call or email. And then we will reach out to you and we will surely try to help you on those things. That is all I have. I hope, do subscribe more. Because the topics of financial planning are not going on much. So, do subscribe and like the video if you like it. Have a great time, friends. Jai Hind..

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7 Biggest Retirement Planning Mistakes People Regret

we all look forward to retirement it's the time to sit back relax and enjoy the fruits of our labor unfortunately whatever aspirations we may have for our golden years can quickly turn into a nightmare if we make certain mistakes when planning for this phase of life these mistakes are surprisingly common and tend to lead to financial stress and regret with a big impact on quality of life some of these mistakes are 1. not planning for retirement two retiring too soon three relying too heavily on Social Security 4. underestimating health care costs 5. failing to save enough for retirement six taking on too much debt seven not maintaining strong relationships if you want to learn more about these mistakes and how to avoid them subscribe to the channel a new video is coming soon and you won't want to miss it.

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How Do I Get Started with a Gold/Silver IRA?

Hi
I'' m Lauran DeWinter Elder Success Agent at Augusta Precious Metals
as I understand a great deal of you are asking yourself just how do I start
placing silver and gold inside my IRA the process
is really easy which indicates you are only three straightforward actions away
from safeguarding your monetary future step one
is to open a brand-new individual retirement account with a custodian that permits you to hold physical gold
as well as silver the custodian will act as a document
keeper to keep you compliant with the internal revenue service
tip two is to move funds from your current custodian
into your brand-new self-directed individual retirement account the transfer
is a tax-free as well as penalty-free event both of these 2 actions are made with
common documents similar to what you would discover at any
banking or financial firm after you set up your account as well as your
funds have actually moved the third action is to position your profession
for silver and gold which of the products you would certainly like is
completely approximately you once you accept of the portfolio you
confirm your trade as well as lock in your prices your steels are

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Silver and other precious metals IRA

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Is 1 Crore Enough To Retire? How to plan your retirement?

Hi friends, welcome to Yadnya investment academy. We are going to speak about a subject of monetary planning on Friday. And also today'' s topic is extremely intriguing. Since this question is asked frequently on numerous social media channels and workshops. That individuals have an amount in their mind that is 1 crore rupees. We assume that if we have 1 crore rupees, our life will certainly be good. This concern continues to be in the mind that if I have 1 crore rupees, can I retire currently? Am I financially cost-free? I wear'' t have any stress of retirement currently. Now whatever work I am doing is extra. To make sure that 1 crore rupees is sufficient. And if you have retired currently and got EPF cash as well as total amount is 1 crore is it sufficient for you? And also if it suffices or otherwise, exactly how much can you invest in both inquiries, when is enough and also when is not. We will certainly touch on all those things in this video. I will discuss everything via a calculator. You can check that calculator on our site investyadnya.in too. We cover numerous subjects of economic planning in this session. If you intend to make your very own monetary plan, after that most likely to investyadnya.in website There are lots of items connected to economic planning.There are 1 to 1 sessions as well. You can check that out. Now I am mosting likely to my site and I am certain you can see my display. If you most likely to the device as well as calculator, right here you can see the retirement calculator. I wear ' t assume you will get this anywhere else. Currently the concern is, expect I have 1 crore rupees, is it sufficient for me to retire? Of all, I will be asked what is my age? I am simply providing an example, 50. Suppose I am half a century old, what is my life span? It is necessary to know when you will certainly be retiring. I think we should maintain it around 90. I am maintaining it at 90. Just how much is the expense now? If you are retiring as well as you have 1 crore rupees, just how much do you desire to spend? What is your monthly or annual expense? Intend I am believing that I have 6 lakh rupees. I have actually placed 6 lakh rupees here. Just how much rising cost of living are you thinking? How much will my expenses boost each year? If India ' s rising cost of living is around 6-7%, after that you can think that. Intend 7%rising cost of living till completion of life. Present possession, just how much cash do I have? I will put 1 crore rupees here.I have 1 crore rupees below. I will put that right here.

Exactly how do you invest this 1 crore rupees? Just how much return will you be able to make? This is a really crucial inquiry. What kind of financial investment do you intend to place? Do you wish to place it in PPF? Do you desire to place it in Senior Person Financial Savings Plan? Or do you wish to place it in FDs? Or do you intend to develop a portfolio of Mutual Funds like Hybrid Equity Funds? This is really vital. Let ' s take all the scenarios. Suppose I intend to place it in FDs. I put on ' t intend to do anything unique. I will certainly get 7%return in FDs. Whatever is the article tax. Or whatever you believe. You get 7.5 %yet let ' s keep 7%for computation. Let ' s maintain 7.5 %. Let ' s keep 8%. We'have put it in bonds, Elderly person Cost Savings Scheme. And'there is some money in EPF. We have maintained some money in equity. My 8%will certainly make 1 crore rupees corpus.Which is 1%over inflation. I have taken 7% rising cost of living and 8% returns. I have to place these 6 fields

. If I submit this, My retirement corpus is in deficiency of 1 crore. This implies that I need 1 crore even more to develop this situation. If I am 50 years old as well as I have 6 lakhs each month. As well as 7%rising cost of living. As well as 8 % growth. I need 2 crores. 1 crore is inadequate. Currently, allow ' s change the scenario. What should I do if I am unable to do it. I can either minimize it. I put on ' t spend Rs 50,000 per month. I can'do 30,000. After that we can alter the amount. We have actually done 36,000. And afterwards we have actually put this change. 21 lakhs is still less.So, generally it will come to 3

lakhs. So, now our retired life corpus is just 67,000 much less. I can spend 3 lakhs per year. If I can spend Rs 25,000 per month. And also if I take 7 %inflation. And also 8% growth. 1 crore is enough in 50. If I invest 25,000. If I invest 50,000 with same circumstance. I will certainly require 1 crore. Currently, you will certainly state that I buy shared funds. I understand spending well. And also I assume that my corpus can gain 10%. If 7% is inflation. After that I assume that my corpus can gain 10% per annum. Like our technique. You have to have seen many videos on retired life. If you desire to comprehend anything. Put it in the remark area. If I assume that I can do 10%. Allow'' s attempt it on 6 %after

investing 3 lakhs.So, now our corpus will certainly be 47 lakhs. So, it suggests that I can invest 4 lakhs or 4.5 lakhs. 4.2 or 4.3. Way I can spend around Rs 35,000 per month. If I can gain 10% return. Currently, you will state that I have currently retired. I am 60 years old. And also currently inform me what is this situation. So, in that I can invest 50,000 each month. So, in 60 years also if you are gaining 10% return. After that there is a shortage of 24 lakhs. If this situation plays. You state that I have inflation. I wear'' t invest a lot. 50,000 per month. Following year, I will certainly expand according to 5%. Then it is excellent. 5% rising cost of living, 10% price of return, 1 crore rupees. You have enough. You have simply sufficient. You can spend 50,000 per month. If you are 60 years old, you will obtain that cash for 90 years. Now, there is another thing. Several individuals believe that I have a pension plan. I have a residence. He is giving rental. Or I am obtaining pension. Mean you are obtaining pension of Rs 10,000 per month.Means it comes more than that. I assume 10,000 per month. So, I am obtaining a pension of 1,20,000. And we will make it 7 once again. Exists any development of pension plan? It appears that 2-3% growth is there. Let'' s grow it by 3%. Till when will the pension come? Will it come till 90? Will it come till life expectations or will it come quickly? Sometimes, for minimal time, cash is going to come. So, we market those things. Rental is mosting likely to come. I need to offer that home after ten years. You can put that. So, I have to get pension till last. Till 90. After that in 6 lakhs, 7% rising cost of living, 1 crore, 10% and all. So, then practically I exist. Way 3 lakhs is the only deficiency left. In this method, you can discover out that the cash you have, is it sufficient for your retirement? Now you can change the quantity. If you have 2 crore, 3 crore or 50 lakhs, then you can transform the quantity. As necessary, you can figure out how much expenditure I will certainly have after retirement, my job will go smoothly till life span which I have actually prepared. So, this will certainly be very very handy for you.So, if you like Calculator, after that do share this video with everybody. I assume this will be very valuable to lots of people in retirement planning. As well as from the perspective of financial liberty. And also if you want our financial plans and personalized approach, if you wish to recognize just how to obtain 10% price of return, or what all I can do after retired life, after that you can most likely to our site and also call our customer solution, sales group or connection group. You can WhatsApp or call or email. And after that we will certainly reach out to you as well as we will surely try to assist you on those things.That is all I have.

I really hope, do subscribe more. Since the subjects of monetary preparation are not taking place a lot. Do subscribe and such as the video clip if you like it. Have a great time, good friends. Jai Hind.

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Retirement Planning: Should I Keep My Retirement Money In the Market While it’s Crashing?

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