It’s no wonder that your parents want to give you everything, even if it means making more sacrifices than they should. It’s a good idea to support your parents in making plans for their golden years ahead of time. Shashank Udupa will reveal some beneficial methods that can help your parents get a head start on their retirement planning in this video.
#retirementplanning #retirement
Timestamps:
0:00 – Introduction
1:20 – Understanding Goals, Income and Expenses
5:35 – How to Invest for your parents?
7:40 – Systematic Withdrawal Plan
9:54 – Recap & Conclusion
Disclaimer: We encourage all investors to use the information on the channel as a resource only and should further do their own research on all featured companies, stocks, sectors, markets and information presented on the channel. Nothing published in this video should be considered as investment advice.
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#Retirement #Finance #ShashankUdupa…(read more)
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Retirement is an important part of life, and it is essential that parents plan for it in the best way possible. With the right strategy, parents can ensure that they have a comfortable retirement and that their finances are secure. Here are some tips to help parents plan their retirement strategy like a pro.
1. Start Early: It is important to start planning for retirement as early as possible. This will give parents plenty of time to save up and make wise investments that will help them achieve their goals.
2. Set Goals: Parents should set realistic goals for their retirement. This will help them stay focused and motivated. They should also consider their current lifestyle and financial situation to determine how much money they will need for retirement.
3. Make a Budget: It is important to create a budget and stick to it. This will help parents manage their finances and ensure that their retirement savings are not depleted.
4. Invest Wisely: Parents should consider investing in stocks, bonds, mutual funds, and other financial instruments to maximize their returns. They should also research the different options available and make sure that they are investing in the right ones.
5. Manage Risk: Retirement planning involves some risks, and it is important that parents manage these risks. They should ensure that their investments are diversified and that they are not putting all their eggs in one basket.
6. Get Professional Advice: It is always a good idea to get professional advice when it comes to retirement planning. A financial planner can help parents understand their options and make the best decisions for their retirement.
By following these tips, parents can plan their retirement strategy like a pro and ensure that they have a comfortable retirement. With the right strategy, parents can make sure that their finances are secure and that they have enough money for their retirement years.
Hey shashank, Last year I had invested in small cap mutual fund for his retirement plan? Did I make choice right or not, invest in large cap fund?
I am a senior citizen I watch your program regularly and just a suggestion you can address us directly also and advise us how to invest how to find safe mutual funds what percentage in FD etc
Market is severely down and this is an opportunity. Please create a smallcase where we should invest now.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
Dont put their money in Crypto. What a signoff…… Perfect
Starting early is the best way of getting ahead to build wealth, investing remains a priority. For mentorship and tips I recommend you contact David Mancini ☝️
Bro i seen that in most of your video the audio quality is sleekly low can you please make it could better ! ; ) Thanks…
@shashank i have a Educational Loan so can you tell how should I clear it off ( I am in SY engg )
Can you pl explain more about SWP I mean the percentage of returns and balance will get accumulated
SASHANK do a financial planning vedio for 20year old college student for his future and how can he cut down their silly expenses and turn it into investments
Don't put their Money in crypto Lol
Hi @shashank,
With your help I've convinced my father to invest in ELSS MF so that he can save his tax and can invest too with good return. He thanked me after one year
Sorry I was late
Indian parents had invested in their children so that they will take Care of them.no matter what.lol most of the Indian family don't know what's is NIFTY and SENSEX.
For Indian parents their children are their retirement plan.