Retirement planning is a crucial aspect of financial planning, and seeking help of a Financial planner can be a smart choice for many individuals. Financial advisors can provide personalised guidance to help individuals achieve their retirement goals by creating a comprehensive financial plan that takes into account their current financial situation, retirement timeline and risk tolerance.
Retirement Income Analysis
We help individuals determine how much income they will need in retirement and develop a plan to achieve that goal.
Investment Planning
We help individuals identify the appropriate investments to help them reach their retirement goals, taking into account factors such as risk tolerance, asset allocation and diversification.
Tax Planning
We help individuals minimise their tax liability in retirement by developing strategies to manage income, deductions and tax credits.
Estate Planning
We help individuals create a plan for transferring their assets to beneficiaries after they pass away including strategies to minimize taxes.
Risk Management
We help individuals manage risk by developing strategies to protect against unexpected events such as illness, disability or market downturn.
Mutual funds offer a diversified portfolio, professional management, and easy accessibility to the stock market. Mutual funds offer a convenient way to diversify your portfolio and potentially achieve higher returns with lower risk.
Here are some steps to consider when planning your retirement with mutual funds-
Determine your retirement goals
We help you identify how much income you will need in retirement and help you in building realistic goals for your investment strategy.
Assessing your risk tolerance
Mutual funds come in different risk levels, so We help you choose mutual funds that align with your investment goals, risk tolerance, and retirement timeline.
Rebalance Your Portfolio
We help you monitor and adjust your investments to align with your retirement goals and risk tolerance. Rebalancing your portfolio can help you avoid excessive risk and maintain a consistent return.
With so many options and advisors in the market, it becomes difficult to choose what is best for you,
Step 1
Drop us a message on Whatsapp or call us at 9959467203/9935689935.
Step 2
We will get in touch with you and get your KYC done.
Step 3
We will fix a meeting to understand your financial goals and investment objectives.
Step 4
Check your progress and all other updates from our Wealth Elite App easily from home.
Step 5
Call us in case of any query and we’ll be there.
You have multiple options for planning for retirement. Here are a few advantages of mutual funds over pension plans.
Unlike pension plans, it has no restrictions on regular premium payments or making complete or partial withdrawals. You can discontinue your investments or make partial withdrawals with no penalties.
Equity Mutual funds are those mutual funds where more than 65% of the total fund amount is invested in equity shares of companies. You realize short term capital gain if you redeem your equity fund units within one year. These gaons are taxed at a flat rate of 15%, irrespective of your income tax bracket.
You make long-term capital gains on selling your equity fund units after holding them for over one year. These capital gains of up to Rs 1 lakh a year are tax-exempt. Any long term capital gains exceeding this limit attracts Long term capital gain tax at 10%, without indexation benefit.
Thus, a Systematic Withdrawal Plan (SWP) proves to be a tax-efficient option compared to a pension that is added to your income and therefore is taxable.
Mutual Funds have a wide variety of schemes. The information regarding the fund manager, investment objective, strategies, past returns, associated risks, etc., is publicly available.
On the other hand, pension products are not so transparent.