4 Retirement Planning tips when you are in your 30s -- Angel Broking

4 Retirement Planning tips when you are in your 30s -- Angel Broking

Investing for your retirement is a slow process and that is completely fine as long as you have a nice nest egg when you retire. It is especially difficult to save up for your retirement when you are in your 30s but every rupee counts. The sooner you start saving up for your retirement the better. In your 30’s, you have more or less stabilized your life and can freely start investing and thinking about your future. With three decades in your hand before retirement, you have a long way to go.

Here are a few tips to kick start your retirement planning habits when you are in your 30s:

Don’t rely on cash-only savings:Most people want to play safe and rely on cash savings. Even though having cash on hand is a smart decision as you might require it in case of an emergency, but keeping your money in a savings account won’t do you much good either. You will be losing your purchasing power to inflation and hence will be losing out on any opportunity to let your wealth grow. But you still have time on your hands and it is better if you invest your money in stocks. Long-term returns have always proved to be profitable and you have the luxury of time by your side.
Retirement Plans:You should start investing money in your company provident fund or a public provident fund regularly to let your money grow. Now is the time to invest regularly in these funds so that you can have a substantial amount to look forward to when you finally retire. Along with that, these funds also help you compound the sum invested, allowing it to grow very fast. So, again with time by your side you will be able to have a nice corpus for your retirement fund by the time you retire.
Automated Contribution:Most people tend to overlook their retirement needs when they are in their 30s and start panicking in their early 50s. If you do not want that to happen, you should save small but save regularly. Opt for an automated contribution plan that will force you to build up your retirement fund and bump it up every time your earnings increase.
Emergency FundsYou should always have a rainy day fund or an emergency fund in place. Your emergency fund should grow along with your income and you should keep contributing to it so that you have a large sum ready in case of any emergency. From medical emergencies to a home repair, anything can happen anytime so if you have an emergency fund in place, you will be able to bear all the expenses hassle-free.
If you have not reached the point where your emergency savings are more than enough and your retirement plans are met, you should keep contributing to your future and build up your funds one rupee at a time.
Angel Broking
Views expressed and claims made in the articles on this site are the contributors' own, and nrizone does not necessarily agree with them, or endorse them, in any way.
Contributions are published in good faith, with due diligence, and liabilities for authenticity or copyright lie with the authors.

Post A Comment

Total Comments: 33
  • healthy https://mugen-holdings.com/

    Thanks again for the article post.Thanks Again.

  • fake view http://www.suba.me/

    U8HXAf Say, you got a nice blog article.Much thanks again. Awesome.

  • de slabit https://www.youtube.com/watch?v=xRDge1sh34c

    Woh I love your content, saved to bookmarks!

  • light http://www.onlinelighting.com.au

    Thanks a lot for the article.Thanks Again.

  • overweight transport http://www.tmxintermodal.com

    Usually I don at read article on blogs, however I wish to say that this write-up very compelled me to take a look at and do it! Your writing style has been amazed me. Thank you, very great post.

  • Mesin Catering https://www.andaromesin.com/

    Your style is really unique in comparison to other people I have read stuff from. Many thanks for posting when you have the opportunity, Guess I will just book mark this blog.

  • online casino https://www.onlinecasino-austria.at

    Some genuinely interesting details you have written.Helped me a lot, just what I was searching for .

  • how to sell on Amazon https://www.luckysquash.com

    Some really great information, Glad I noticed this.

  • buy a business http://www.webbizadvisors.com

    Modular Kitchens have changed the idea of kitchen nowadays because it has provided household ladies with a comfortable yet a sophisticated space in which they will invest their quality time and space.

  • Friv 2 http://www.friv.org.in

    I was suggested this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are incredible! Thanks!

  • writers http://shutupsmileyy.wordpress.com

    It as difficult to find knowledgeable people in this particular subject, however, you seem like you know what you are talking about! Thanks

  • streaming semi korea http://indocinema21.tv/

    I value the blog post.Thanks Again. Keep writing.

  • Mobile beauty Cambridge http://www.instabeauty.co.uk

    Looking forward to reading more. Great blog post. Much obliged.

  • daddy https://xpornbest.com

    Very informative post.Really thank you! Really Great.

  • STRIPPERIN https://stripper.de/

    Thanks-a-mundo for the article. Want more.

  • vietnam dedicated servers https://vietnameserver.com

    This is one awesome post.Really looking forward to read more. Will read on...

  • sistus bokep http://3xfilmbokep.com/category/indonesia/

    Really enjoyed this article.Really looking forward to read more. Really Great.

  • hjemmeside design https://www.evoco.dk

    Thanks so much for the blog. Keep writing.

  • weed delivery https://weeddeliveryvancouver.joomla.com/

    Im grateful for the post.Much thanks again. Awesome.

  • tradenet http://tradenets.us

    When you can grab my attention in the first few words of an article it as an accomplishment. You ave ignited my interest on this subject and I thank you for this.

  • boston handyman http://www.bostonprimebuilders.com/

    Hey, thanks for the blog article. Really Great.

  • gemstone beads http://americanbeadcorp.com

    Awesome post.Much thanks again. Want more.

  • picture https://www.artpics.store/collections/tote-bags

    I cannot thank you enough for the blog post.Much thanks again. Fantastic.

  • funfreearcadegames http://www.funfreearcadegames.com

    I value the blog post.Really looking forward to read more. Keep writing.

  • kentucky business broker http://www.webbizadvisors.com

    Really appreciate you sharing this article.Thanks Again.

  • Teen Patti http://playteenpattiwin.weebly.com/

    You have made some good points there. I checked on the internet for additional information about the issue and found most people will go along with your views on this site.

  • Run 3 http://www.rungame.org

    Wow, superb blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your website is excellent, let alone the content!

  • Health Tips http://hellloveme.com/

    Im obliged for the article post. Fantastic.

  • Run http://www.rungame.org

    You certainly put a brand new spin on a topic that has been written

  • plumbing companies near me https://bestplumbers.com

    I think this is a real great article post. Much obliged.

  • Smart Saver https://ontariosafetystandards.com/

    Looking forward to reading more. Great post. Will read on

  • downloader software http://hdwapwon.com/

    There may be noticeably a bundle to learn about this. I assume you made sure nice factors in features also.

  • rosin presses http://www.pufftuff.net/

    Right now it sounds like BlogEngine is the preferred blogging platform available right now. (from what I ave read) Is that what you are using on your blog?