Gaurav Parij emphasizes that post-retirement life demands careful financial planning, clear goals, and disciplined investment strategies to ensure financial freedom.
Kochi: Gaurav Parij, Head of Sales and Marketing at Bandhan AMC, emphasized the importance of careful financial planning and disciplined management of savings for post-retirement life. He explained that achieving financial freedom after retirement requires consideration of one’s current financial situation, setting clear retirement goals, and having a solid savings strategy in place.
Parij highlighted that the primary goal of a strong retirement plan is not only to meet basic living expenses but also to maintain a comfortable life beyond that. He pointed out that financial independence after retirement can only be achieved through careful planning and financial discipline, allowing retirees to spend freely without stress.
He also stressed the need to define clear retirement goals, which would serve as the first step towards achieving financial security post-retirement. These goals help individuals focus their financial planning and make necessary adjustments in their savings and investment strategies.
According to Parij, it’s crucial to consider various post-retirement expenses, including healthcare and living costs, when calculating the retirement corpus. Additionally, he warned that inflation could erode retirement savings over time, urging individuals to secure diversified investments and assets that can generate income above the inflation rate.
