What Is the Best Age to Retire?

How to Determine the Best Age to Retire?

What Signs to Look for Before Retirement?

What Are the Things to Prepare Before Retirement?

FAQs About Best Age to Retire

How can I build a post-retirement corpus? up-arrow

You can build a sizeable fund for retirement through the following ways:

  • Investing in SIP-based mutual funds
  • Opening a public provident fund account
  • Saving money on fixed deposits
  • Investing in the National Pension Systems (NS)
  • Investing directly in the stock market

Will early retirement be good for me? up-arrow

Whether your early retirement benefits depend entirely on your financial aspects. You can easily maintain your expenses and lifestyle if you have more than sufficient balance or assets. In such a scenario, you can even pursue your life goals, including travelling to countries, starting new ventures, giving time to charity work, etc.

What should I consider in my pre-retirement stage? up-arrow

Pre-retirement is the first stage when you determine the permanent discontinuation from your work. You need to start building your post-retirement corpus at this stage. You should also consider your life goals, existing debt obligations, upcoming more significant expenses, etc.

What are the downsides of retiring early? up-arrow

You can face the following difficulties if you retire before time:

  • In the case of early superannuation, your post-retirement benefits do not increase much.
  • The health insurance coverage your employer provides lapses when you retire.