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Retire Rich - Invest Rs. 40 A Day

Retire Rich - Invest Rs. 40 A Day

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Business & Economics: Personal Finance - Retirement Planning

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About the Book

Looking forward to be financially free? Or worried about retirement? Wondering if you can retire early? Curious if you can maintain your lifestyle in retirement? Retirement can easily be the years of Golden Sunset – and it is easy to do it! In Retire Rich at Rs 40/- a day, the author- P V Subramanyam tells you why you need to plan for retirement even if you are 25 years away from retirement, the options available and how to make retirement a time it is truly meant to be – a time for rest. Packed with case studies and sound, simple advice, this book is a must-read. Turn your retirement into golden with some basic simple steps. Book Synopsis To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that ‘magical amount’ why not retire early? The second chapter takes you through the steps and importance of planning, and to the dangers of not planning. Like any financial goal, ‘retirement’ is also a goal and has to be approached in a financial planning mode. So ‘Retirement Goal Setting’ becomes a very important – and is perhaps the first step in Retirement planning. How much money is adequate for a person to retire? It is a question that is very difficult to answer. Here is a generic answer telling you what are the factors to consider while trying to answer this question. This chapter has many pointers and a calculator which leads you towards the answer. Remember this is not an answer cast in stone – as the facts keep changing, so will your answer. Can you really retire by investing an amount as little as Rs. 40 a day? The answer is yes – it is the power of compounding. If you do have ‘n’ or ‘time’ on your side, it is possible to retire on an amount as small as Rs. 40 a day. And the fantastic thing is that this small amount can be got by making very simple changes in your life style. We then deal with ‘Annuity’ – the ‘withdrawal’ stage. After all if you have accumulated money for your retirement, you should also know how to withdraw. Here we deal with what is annuity, what are the methods of creating annuities, what options are available, and the works about annuity. We then deal with ‘Annuity’ – the ‘withdrawal’ stage. After all if you have accumulated money for your retirement, you should also know how to withdraw. Here we deal with what is annuity, what are the methods of creating annuities, what options are available, and the works about annuity. A few chapters are devoted to answering how much and what type of insurance should you look at during retirement, the attitude of the Indian family to retirement, the need to make a will, some retirement blunders, etc. The book is rounded off with some useful calculators regarding how much to save, effect of inflation etc. These are simple calculators which can be created in excel. Some of these calculators can be found on websites like moneycontrol.com – or in google. About the Author:- P V Subramanyam, a Chartered Accountant by qualification is a trainer by passion! He has spent more than 2 decades in Equity broking, mutual fund advising, life insurance, corporate finance, personal financial planning – with an emphasis on Retirement Planning – building the corpus and knowing how to use the corpus when retired. He is also a columnist – here he helps you get cracking on planning for retirement.



About the Author

P V Subramanyam, a Chartered Accountant by qualification is a trainer by passion! He has spent more than 2 decades in Equity broking, mutual fund advising, life insurance, corporate finance, personal financial planning – with an emphasis on Retirement Planning – building the corpus and knowing how to use the corpus when retired. He is also a columnist – here he helps you get cracking on planning for retirement.


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Product Details
  • ISBN-13: 9789380200644
  • Publisher: Cnbc Tv18
  • Language: English
  • ISBN-10: 9380200641
  • Binding: Paperback
  • No of Pages: 261

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