COUNTDOWN

COUNTDOWN TO
TO THE
THE
RETIREMENT
RETIREMENT
YOUR TIME-TABLE FOR THE
20s,30s,40s &50s
 Fund your retirement
• Start early with a small savings in a savings bank account
• Cultivate the savings habit by transferring the money to
a recurring deposit.
• Bank 10% or more of your pay cheque every month.
• Put the money to work for you. Invest in stocks or
mutual funds.
• Ask a quality fund to transfer money directly from your
account to theirs each month.
• If you have fixed deposits or stocks, let the interest or
dividend accumulate and compound.
• And finally, don’t defeat your plan by raiding your
retirement savings.
 YOUNG ADULT-Age 20s
CIRCUMSTANCES STRATEGY LIFE- NON LIFE-
INSURANCE INSURANCE

Has no dependents Life Buy only if you Buy accident &

Has taken car/bike insurance have health insurance
loan needs low dependants
Investible surplus low Should
accumulate
growth
asssets(home
stocks, mutual
funds etc.)
aggressively
as risk taking
ability is high
at this stage
 YOUNG FAMILY-Age 30s
CIRCUMSTANCES STRATEGY LIFE- NON LIFE-
INSURANC INSURANCE
E
Has young children Should have Subtract Get health
Spouse may be adequate life existing insurance for
dependant insurance & assets from self, spouse &
Has taken home loan asset current needs kids
protection & cover the Get asset
Starts investing in
Should difference cover
earnest
continue Continue
aggressive accident
wealth insurance
creation
 MATURE FAMILY-Age 40s
CIRCUMSTANCES STRATEGY LIFE- NON LIFE-
INSURANCE INSURANCE
Higher education goal Insurance Maintain term- Get health
of grown up children needs now low cover to insurance for
approaching as asset base balance the self, spouse &
Home loan nearly re- builds up short fall in kids
paid Should clear existing assets Get asset
Income peaking debts (loans) cover
Investible surplus Should start Continue
high de-risking accident
investment insurance
portfolio by
deploying
funds in safer
instruments
 EMPTY NESTERS-Age 50s
CIRCUMSTANCES STRATEGY LIFE- NON LIFE-
INSURANCE INSURANCE
Children are Divert new Maintain cover Your health
independent surpluses to as long as you risk are up but
Home loan re-paid building are earning you have fewer
No other debt retirement dependents
corpus Use surpluses
Investible surplus
Reduce to top up health
peak
portfolio risk cover
Preparing for
liquidation
 RETIRED- Age 60-plus
CIRCUMSTANCES STRATEGY LIFE- NON LIFE-
INSURANCE INSURANCE
Health expenses Create No life cover Continue health
replace work-related adequate cash needed –your insurance for
expenses flows from retirement self & spouse at
Creating regular safe corpus should higher level
cash-flows and beating investments now fund your
inflation are top Invest needs
priority surpluses in
instruments
that
comfortably
beat inflation
to prevent
erosion of
retirement
capital