🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Sagar Anantwar
•

SimpliFin • 4m

Do you know how much you need to retire? You might be surprised ... Retirement might seem far away, but do you have a clear idea of how much you actually need to live comfortably after you stop working? Most people underestimate the amount they’ll require, and inflation can quickly erode the value of your savings if you don’t plan ahead. Here’s a quick guide to help you get started: 🔹 Assess Your Expenses Start by calculating your current monthly expenses. Include everything—housing, food, utilities, travel, and even leisure activities. Multiply that by 12 to get your yearly expenses. 🔹 Factor in Inflation Even though the official inflation rate is around 6-7%, if you live in a Tier-1 or Tier-2 cities, your inflation is closer to 10%. This means that your ₹50,000 monthly expense today could be as much as 4x-5x higher in 20-30 years. Use a retirement calculator that factors in higher inflation to get an accurate estimate. 🔹 Calculate Your Retirement Corpus A simple rule of thumb is to multiply your yearly expenses by 25-30 to get a rough estimate of the retirement corpus you need. This allows for a sustainable withdrawal rate during retirement, ensuring your funds last long enough. 🔹 Invest for Growth Savings accounts and fixed deposits won’t cut it. To build a sufficient retirement corpus, you need to invest in growth-oriented assets like mutual funds, equity, gold, and bonds, which offer returns that beat inflation over the long term. 🔹 Start Early, Stay Disciplined The earlier you start, the better. The power of compounding works in your favour if you begin saving and investing now, ensuring that you hit your retirement goals without stress. Are you prepared for retirement? If not, it’s time to get serious about planning for your future. Check out SimpliFin’s "AlphaIQ - Goals Feature" to help you plan and achieve your retirement goals easily! #RetirementPlanning #FinancialFreedom #Investing #WealthBuilding #Simplifin #RetirementGoals

0 replies6 likes

Recommendations from Medial

Hemant Prajapati
•

Techsaga Corporations • 4h

Discover Habithook: Your Ultimate Habit Tracker! I've been using Habithook to track my daily habits, set goals, and stay motivated. 💪 🔹 Track Your Progress: Monitor your habits and see your growth over time. 🔹 Set Achievable Goals: Customize yo

1 replies7 likes

Sagar Anantwar
•

SimpliFin • 2m

You Will Have to Take Higher Risks to Generate Real Returns. Here's Why… When it comes to growing wealth, inflation and taxation are two silent killers that erode the value of your money faster than you realize. Here’s what most investors overlook

4 replies11 likes

Sagar Anantwar
•

SimpliFin • 5m

Do you invest all your savings into Fixed Deposits? Big mistake, read more Fixed Deposits (FDs) have been a staple of Indian households for decades, but how do they fit into a modern investment portfolio? Let’s break it down: 🔹 Not a Growth Asset

2 replies4 likes

Himanshu Dodani

Just Belive in yours... • 9d

Can you estimate the cost of creating your own website?

2 replies7 likes

OMPRAKASH SINGH

Founder of Writo Edu... • 2m

Ways to Multiply Money 🤯 Investments: 1. Investing in the Stock Market: You can multiply your money by investing in the stock market, but it involves risks. 2. Mutual Funds: By investing in mutual funds, you can diversify your money into differen

11 replies21 likes

Junas Shaikh

Hey I am on Medial • 6m

Can you suggest me a coarse or a book to fix my finance to shape up my future . Like invest how much and how long to reach a corpus which will meet up my future expenses ( Financial Freedom ).

5 replies2 likes

theresa jeevan

Your Curly Haird mal... • 26d

🚨 Tax Saving Alert: Only 2 Months Left! 🚨 Hi there! 👋 Here’s a quick guide to help you maximize your savings: 🔹 80C - Save up to ₹1.5L PPF, ELSS (higher returns), NSC, LIC, Tax-Saving FDs (5 yrs). 🔹 80D - Health is Wealth Save ₹25K (self/fami

1 replies7 likes

Vishpath

Building Some intres... • 21d

🚀 Turning an idea into reality is more than just passion—it’s about execution. But what’s the right sequence? 🔹 Validate the idea 🔹 Build a prototype 🔹 Get user feedback 🔹 Iterate & refine 🔹 Scale with the right strategy I’m figuring this out

0 replies4 likes

Anonymous

Hey I am on Medial • 11m

To cutdown on your expenses, would you use AI in your business?

Yes

Votes: 80

3 replies6 likes

Sagar Anantwar
•

SimpliFin • 3m

Your child may not get the quality education you think, and it's not their fault ... Education costs are skyrocketing, and it’s becoming a growing concern for parents. Recently, an influencer highlighted that the annual fees for Grade 1 in a good s