Retirement Planning is determining how much of corpus is required to fund the expenses during the retirement years and ways to build that corpus in the pre-retirement period. It also dwells upon the utilization of the corpus accumulated during the retirement years. And while offering the service to a person who has already retired, a planner can offer investment advisory services to help the client generate required income
from the retirement corpus and also manage the investment portfolio. While offering Retirement Planning Services, a Financial Planner should address the following questions of his clients:-
What is the retirement corpus required to lead the same lifestyle after retirement?
– How will inflation affect the sustainability of Retirement corpus in post retirement years?
– What are the various options and what is their role in investments for retirement?
– Is there scope for early retirement, or retirement is postponed due to inadequate corpus?
– What additional investments should be made to build retirement corpus?