Wednesday, March 14, 2012

Money News

For The Last Lap

Walking away into the sunset is much easier when you have a fatnest egg. With pension funds now fully under Section 80C, take aserious look at retirement planning.

By Anand Adhikari

Here is something to scare you. Assume you are 35 years of age,working in the private sector with a take-home pay of Rs 25,000 permonth. You have dreams of retiring and tending to your roses when youare, say, 58. A fairly reasonable dream, you would say? As a prudentsaver, you even have a modest nest egg in readiness. So, what'sscary?

Here's what: the size of your 'modest' nest egg will have to be awhopping Rs 64 lakh, if you factor in inflation, want to …

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