Key Highlights
- Understand and account for inflation in your retirement calculations.
- Diversify your investment portfolio using a bucket strategy to manage risk and generate a steady income. Prioritize your financial security before other long-term goals.
- Review and adjust your retirement plan regularly to reflect changing circumstances and expenses. Seek professional financial advice to create a personalized retirement plan.
lanning for retirement can feel daunting, but it doesn’t have to be. Retirement planning isn’t just about focusing on savings, it’s about making the right choices to ensure lifelong financial security. In our recent session, "Smart Retirement Planning Road to Financial Freedom" brought to you by Franklin Templeton, Mr. Nikhil Kothari, emphasizes the importance of proactive planning, understanding inflation, and diversifying your investment portfolio to secure a comfortable and fulfilling retirement.
Nikhil Kothari, Director of Etica Wealth (P) Ltd., is a seasoned investment professional with over 13 years of experience in financial planning and wealth creation. A CFA Charterholder, CAIA (U.S.), and Certified Financial Planner (CFP), he has conducted 500+ investor awareness seminars and shared insights on CNBC TV18, ET NOW, and Bloomberg TV.
Key Highlights from the Webinar:
💰 Plan for Future Expenses & Inflation: Calculate your retirement corpus by estimating future expenses with an assumed 6% inflation rate. List your current investments (EPF, PPF, mutual funds) and project their future value to determine any shortfall that needs to be covered through additional savings.
📊 Implement the Bucket Strategy for Stability & Growth:
Divide your savings into four buckets based on when you'll need the funds to balance security and growth while ensuring steady income:
- 1-3 years: Low-risk debt funds or FDs
- 3-6 years: Hybrid funds with 10-15% equity
- 6-10+ years: Balanced equity/debt hybrid funds
- 10+ years: Primarily equity funds for long-term growth
🏥 Prioritize Health & Financial Security: Secure comprehensive health insurance before retirement to avoid financial strain from medical expenses. At the same time, prioritize your retirement savings over other financial commitments to ensure lifelong independence.
🔄 Stay on Track with Regular Reviews & Withdrawals: Periodically review and rebalance your portfolio to align with financial goals and market changes. Use a Systematic Withdrawal Plan (SWP) to generate a steady income stream while preserving capital.
👍 Seek Professional Advice for a Personalized Strategy: Work with a financial advisor to tailor a retirement plan that meets your needs, ensuring a disciplined, long-term approach to wealth creation.
Perhaps the most powerful takeaway? Equity investments remain the best tool to beat inflation and sustain wealth over the long run. Even with withdrawals, they consistently outperform fixed-income options. The lesson is clear: the best time to start was yesterday, the next best time is today. Take charge of your financial future—because a well-planned retirement isn’t just a dream, it’s a decision.
This webinar is brought to you by Franklin Templeton. For more such classes on investing, mutual funds, and more, download our app from the Google Play store or connect with our team on WhatsApp.
