Why You Should Start Planning for Retirement Today: 5 Key Reasons | Milind Walawalkar | Video 78 | Hindi

by | Jul 16, 2023 | Qualified Retirement Plan | 15 comments




Namaskar Dosto, Aaj baat karenge retirement planning kyu karni chahiye iss bare mein. Retirement plan karne see aapko kya fayada ho sakta hai aur aapka future kaise secure ho sakta hai. retirement planning ka importance kya hai aaj iss video sai aapko batane ki koshish karunga. Happy retirement planning!!!
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W A T C H N E X T

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Everything you see in this video is created by Milind Walawalkar unless otherwise stated. Please do not use any photos or content without first asking permission from milindwalawalkar4@gmail.com

Work hard! Stay Positive!
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C O N T A C T
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Mail: milindwalawalkar4@gmail.com
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Milind Walawalkar is a leading Development Officer & Senior Business Associate with LIC of India since 1989. He ranks No. 1 in his Branch and is one of the Top Development Officers in the Mumbai Division. Leading a team of about 100+ Successful Agents.

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retirement planning is a topic that often gets pushed to the back burner. Many individuals believe that retirement is too far away to start thinking about, or that they will have plenty of time to plan for it later in life. However, doing retirement planning today can have numerous benefits and help secure a comfortable and stress-free future. In this article, we will discuss five compelling reasons why you should start planning for retirement today.

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1. Financial Security: One of the primary reasons to start retirement planning today is to ensure financial security during your golden years. Retirement often requires a significant amount of savings to sustain the lifestyle you desire. By starting early, you can take advantage of compounding interest and gradually build a substantial retirement fund. The earlier you begin saving, the more time your investments have to grow, increasing the likelihood of financial security in the future.

2. Peace of Mind: retirement planning provides peace of mind by giving you a clear roadmap for your future. It allows you to set specific goals and establish a timeline to achieve them. With a well-thought-out retirement plan in place, you can focus on living your life without constant financial worries. Knowing that you have planned for your retirement will help alleviate stress and provide a sense of security.

3. Lifestyle Choices: retirement planning allows you to make deliberate choices about your future lifestyle. By determining your desired retirement lifestyle early on, you can plan your savings and investments accordingly. Whether you want to travel the world, pursue hobbies, or spend more time with family and friends, a well-executed retirement plan will ensure that you have the financial means to support your desired lifestyle.

4. Health Considerations: While it may not be obvious, retirement planning also has implications for your health. Stress and anxiety about money can adversely impact your overall well-being. By taking the necessary steps to secure your financial future, you can minimize stress and focus on maintaining good health. Moreover, having adequate savings can provide a safety net for any unexpected health-related expenses that may arise in retirement.

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5. Social Security May Not Be Enough: Relying solely on social security benefits for your retirement income may not be sufficient to meet your financial needs. Social security provides a safety net, but the amount you receive is typically a fraction of your pre-retirement income. By starting retirement planning early, you can bridge the gap between your desired lifestyle and the income provided by social security. This ensures that you can maintain a comfortable standard of living even after retirement.

In conclusion, retirement planning is a crucial aspect of financial well-being. By starting early, you can reap the benefits of compounding interest, achieve financial security, and have peace of mind. You will also have the opportunity to make intentional choices about your lifestyle and ensure that your health is not affected by financial stress. Lastly, starting early allows you to supplement social security benefits adequately. So, don’t wait any longer; start planning for your retirement today.

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15 Comments

  1. Straight Path

    Also retirement age in private services field is 45-50yrs of age, and not 60yrs age. So earning life reduced by 10-15yrs, especially NRI residing in Gulf countries who have to go back to India where they won't have any passive income sources

  2. RAJAGOPAL R

    sir do you conduct any online class

  3. Mr.Nayan Tewary

    Sir, I'm working as a Lic Agent since 2017 …this year I completed 110 policy and also MDRT.
    Looking for ADO recruitment… Kab Tak ayega sir?

  4. Sandeep Sharma

    Lic policy retaiment planing ki detail video please

  5. Dinesh Mondal

    I want online training from you sir.

  6. Shrenik Shah

    Khupj chan sir
    Thank you sir
    Mai aapse bat karna chata hu sir

  7. PUNiT Mehta

    It's just superb sir as always..

    We feel obliged for your contribution

  8. VINAY KUMAR

    Much awaited video sir, thanks a lot

  9. Sandesh Z

    Finally after 2 months…….

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