Why do I need a Retirement Plan?. Retirement Plans ensure that you lead your life on your own terms even after retirement, doing things what you always.

Slides:

Advertisements

Similar presentations

Increase the Bottom Line by Helping Distressed Employees During Challenging Financial Times Presented by E. Thomas Garman to SHRM Webcast August 6, 2008.

Advertisements

Chapter 12: Life Insurance Planning

Retirement Benefit Seminar

Retirement Workshop (PERF & TRF).

Retirement Planning How to Become a Millionaire!.

Retirement Income Section Understanding Business and Personal Law Retirement Income Section 36.1 Retirement and Wills Section 36.1 Retirement Income.

Retirement 101 What’s My Number? 1 12/28/14. There’s a Problem with Planning for Retirement What will my expenses be? How long will I live? How much will.

How do you link lifestyle choices to retirement savings…. And what are the other issues do you need to consider?

There are many paths you can take in retirement..

Financial Literacy for Middle income Investors. Goals List 5 Goals that you have set for yourselves (if you have not set any goals, what would you like.

Lesson 16 Investing for Retirement. Key Terms  401(k) Plan  Annuity  Defined-Benefit Plan  Defined- Contribution Plan  Employer- Sponsored Retirement.

Financial Health Workshop - April 29, Eligibility 401K403B EligibilityAvailable through for-profit organizations, if they choose to participate.

Chapter 16 Retirement Planning Social Security Employer Plans Individual Plans Self Employed Plans.

What are you paying for?. Social Security Created in 1935 by President Franklin Roosevelt Program created to provide for the elderly an disabled retirees.

Planning for Your Retirement

What Must You Know to Determine Retirement Savings Needs? 6 key questions.

TELKOM POST RETIREMENT MEDICAL AID (PRMA) ALTERNATIVE FOR EMPLOYEES

SOCIAL SECURITY SOCIAL SECURITY In Belgium and Germany.

8/9/2015copyright macminn.org 1 Retirement plans Richard MacMinn.

CalPERS: An Unsustainable System Stephanie Heath | Joe Lapka Clementine Ntshaykolo | Matthew Poland 10 December 2012.

Pension Payment Level Estimation in the New Rural Pension System Reportor ： CHEN Xiaojie North China Electric Power University, Beijing, China.

Retirement Planning Test Review. True/False To keep from running low on money during retirement, you should first find a job to increase your income.

Parents Cash Flow and Savings Debt Management Retirement Planning Estate Planning Tax Planning Investment Management Kids Education Future Financial Security.

For the next hour we will discuss: –Core Values –Human Resources Forms –Health Benefits –Retirement Benefits –Tuition Remission Benefits –Answer Questions.

Copyright  2002 by Harcourt, Inc. All rights reserved. CHAPTER 14: MEETING RETIREMENT GOALS Clip Art  2001 Microsoft Corporation. All rights reserved.

Workshop #2 Retirement Benjamin Groen February 17, 2011 SAE Financial Planning for Engineers Workshop Series.

Pension Plans Zishun Yan. Two Main Types of Pension Plans DBP (Defined Benefit Plan) DCP (Defined Contribution Plan)

Module 30 Retirement Planning. Menu The need for retirement planning Tax deferral and retirement planning Qualification of pension plans Other retirement.

Islamic Funds for Financial Planning – Giving best of both worlds Al Huda - International Conference on Islamic Fund and Investment.

Retirement planning iNvest in birla sunlife freedom 58 to secure tomorrow!!

Annuities bring strength… For Agent Use Only Annuities bring strength… To Retirement.

Save for Your Retirement: “You Rather Be Safe Than Sorry” Developed by Dan MatalaDan Matala Mon-Wed: 8-9:15.

Planning for Retirement Needs Determining Postretirement Monetary Needs–Case Study Chapter 22.

The Social Security in Italy Project Communicate October 2006.

Personal Finance FIN 235 All Rights Reserved1. Retirement Plan: Start Early A. Why should you start ASAP? 1. The longer you save, even amounts as small.

Planning INFLATION- the general rise in price of goods and services (savings must exceed) You have to have a plan for retirement Years ago companies had.

By identifying specific financial goals, there’s a much better chance that clients will commit to invest.

Nearing Retirement? Insurance Concepts. Facts: You must wind up your RRSP’s before the end of the year in which you turn 69. At this point, you must either:

THE ABLE ACT CREATING A BETTER LIFE FOR PEOPLE AND THEIR FAMILIES THANKS TO NDSS.ORG FOR THEIR ORIGINAL INFORMATION.

Financial Planning for Retirement. Why Retirement Plan? For Financial security when you do not work Saving is necessary to accumulate the capital needed.

Value for the Future Section 7-3. Notes An annuity is an investment plan that has forced savings and tax deferral. This allows the investment to build.

A Healthy Financial Picture Should include the following: Monthly Spending Budget Emergency Savings Flexible Spending Account Debt Elimination Plan Disability.

PERSONAL INVESTMENTS HELPING YOUR CLIENTS REACH THEIR GOALS.

AIM Why is it important to invest for retirement? DO NOW What are different sources of income we can use for living expenses after retirement? INVESTING.

RETIREMENT.  Service Retirement 30 years of full time service at any age, or 5 years of full time service and 60 years old or older  Early Retirement.

Country Report Member State of EU Population 3.6m GDP 66bn Growth 19999% Unemployment 5% Inflation 4%

Planning For the Future Financial Literacy Copper Hills High School.

Dr. Laura Dawson Ullrich April 1,  Definition: ◦ a regular payment made during a person's retirement from an investment fund to which that person.

Planning for the Future. » Most Social Security Disability Insurance (SSDI) recipients receive between $700 and $1,700 per month (the average for 2015.

DEFINED BENEFITS/DEFINED CONTRIBUTIONS Defined Benefits A traditional defined benefit (DB) plan is a plan in which the benefit on retirement is determined.

DAVE DENNIS – FINANCIAL CONSULTANT. Income Protection…….. Your Needs.

Why do I need a Retirement Plans?. ›Retirement Plans ensure that you lead your life on your own terms even after retirement, doing things what you always.

Choose the Best Pension Plan for a Secure Future.

A Primer for Adjunct Faculty By Phyllis Eckler (NOTE: Financial data from Fall 2010)

A Primer for Adjunct Faculty By Phyllis Eckler (NOTE: Financial data from Spring 2008)

Best Ways to Save Tax Legally.  It is difficult for a common man to survive in today’s world. The constant inflation has already made his life miserable.

How To Choose Pension or Retirement Plan?. Think of the scenario after your retirement. Would you want to be dependent on others for your living at the.

We all aspire to live a lavish lifestyle. A house in dream city like Mumbai, good business or job, lot of wealth and well settled life. Although, many.

A STEP-BY-STEP APPROACH TO INVESTING. By identifying specific financial goals, there’s a much better chance that clients will commit to invest.

 We all work very hard and do lot of sacrifices in order to create a financially secured future. Every individual keeps record of their finances during.

ISSUES IN THE PAYOUT PHASE

The Importance of Saving for Your Retirement

Mapping National Definitions of Informal Employment to International Statistical Standards G.Raveendran.

PERSONAL INVESTMENTS HELPING YOUR CLIENTS REACH THEIR GOALS

PF SCHEME & ITS BENEFITS

Understanding your PERSI Base Plan

Retirement Vocabulary

Additional slides that may be useful

SOCIAL SECURITY INTRODUCTION

China's Basic Pension Gap

Presentation transcript:

Why do I need a Retirement Plan?

Retirement Plans ensure that you lead your life on your own terms even after retirement, doing things what you always have been doing. Our innovative plans provide options to choose your retirement age and to control the way your investments are managed to meet your retirement needs.

Retirement plans provide you with financial security so that when your professional income starts to ebb, you can still live with pride without compromising on your living standards. Given the high cost of living and rising inflation, retirement planning has become all the more important. India's average life expectancy is slated to increase to over 75 years by 2050 from the present level of close to 65 years. Lifespans have been increasing due to better health and sanitation conditions in the country. However, the average number of years of employment has not been rising commensurately. The result is an increase in the number of post-retirement years without regular income. Therefore it is more critical now than ever before to ensure regular income for life after retirement.

Is social security enough? Ask most individuals about how they are likely to fare in post-retirement and the first thing they mention is the provident fund. The public provident fund (PPF) or the employee’s provident fund (EPF) is unlikely to be enough for the individual let alone his family. Even if we consider the provident fund, statistics reveal that only about 10% of India’s working population has any form of social security like provident fund. Self- employed individuals, professionals such as lawyers, doctors and accountants, employees in the unorganized sector have nothing to fall back on in an emergency.

Types of Pension Plans A retirement plans is a crucial investment, considering the prevailing inflation rate. Retirement plans vary in terms of their benefits and structure. Broadly, these plans can be further divided under below heads-retirement plans Deferred Annuity: Immediate Annuity: With Cover and Without Cover Pension Plans: Annuity Certain: Guaranteed Period Annuity: Life Annuity: Pension Funds

Follow us on co-ltd- co-ltd-

Click to know more on Retirement Plans : Thank You