Key Highlights
- Learn how SWPs can provide a steady income stream during retirement and help manage cash flow needs effectively.
- Never put all your eggs in one basket. Diversify your investments across different asset classes like equity, debt, and real estate.
- Understand your risk tolerance before investing. Choose funds that align with your risk appetite, age, and financial goals.
re you wondering if your monthly income will be enough to support you for the rest of your life? If you’re approaching retirement or already retired, properly allocating your savings and investments is important to provide a sustainable income stream. In our recent webinar, “Is your Monthly Income Enough to Last a Lifetime?” hosted by Franklin Templeton and GetSetUp, Guest Speaker Nitin shared valuable insights on systematic withdrawal plans (SWPs) and how to make your monthly income grow. He discussed topics such as asset allocation, risk profiling, inflation, and tax implications and provided insights into managing your investments and navigating emergencies.
Nitin R. is a seasoned professional with over 22 years of experience in corporate training and sales, specializing in the Banking, Financial Services, and Insurance (BFSI) sectors. As a Certified Senior BFSI Trainer, Nitin has delivered impactful training programs focused on insurance sales, banking operations, and performance coaching for some of the industry's leading financial institutions, including Axis Bank, Bajaj Allianz, ICICI Prudential, and Mahindra Finance.
Key Highlights from the Webinar:
🧮 Understand Your Risk Profile: Risk tolerance plays a key role in determining the right asset allocation for retirement. Don’t put all your eggs in one basket! Diversify your investments across different asset classes, such as equity, debt, and real estate.
📈 Beat Inflation: To maintain the purchasing power of your savings, aim for a rate of return that outpaces inflation. Consider investing in assets with the potential for growth to keep your funds in line with inflation. Equity investments best suit long-term goals (10+ years), while liquid funds offer short-term flexibility.
💸 Systematic Withdrawal Plans (SWPs): SWPs can help you withdraw a regular income from your investments without depleting your principal. A general rule of thumb is to withdraw 0.75% to 1% of your corpus annually.
💰 Balance Funds: If you’re seeking a middle ground between high-risk equity and low-risk debt, balance funds offer a blend of both. They allow for potential growth while mitigating some risk.
🆘 Emergency Funds: Have a plan to access funds during an emergency. Keep some of your savings in liquid assets like fixed deposits (FDs) to provide a safety net for unexpected emergencies.
Retirement planning is an ongoing process. Regularly review your investments and adjust your strategies as needed to ensure they align with your financial goals and risk tolerance. Remember, it’s not about timing the market, but about time in the market! Don’t be afraid to consult with a financial advisor for personalized guidance and advice.
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.
