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:

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.

Disclaimer

up-arrow

  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

Latest News

Currently there are no news to show.

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

Anytime, Anywhere. Only on Digit App!

google-play-icon

Rated App

app-store-icon

Rated App