Retirement is often the most neglected aspect of financial planning. Many of us delay it for making rooms for other goals which we perceive to be more important. It is always wiser to start planning for retirement early in life. In this article I lists out various options available to investors today for retirement planning.
The First Step for Your Financial Well Being
Jitendra P. S. Solanki
When talking about long term investment in mutual fund what is the range (No of years) you look for ? For ex: If the age of the person is 30 yrs old and he wish to opt for equity related mutual fund and keep investing till his retirement. i.e 30 yrs more. Is this a viable option ?
Hi Ganesh,
Long term in equities was considered as 3- 5 years but recent happenings change it to 5 years plus. But from financial planning perspective equities should have a horizon of at least 7-10 years. Since its a compounding effect the more number of years you give the higher you will be able to accumulate.
30 years is a very good horizon. Its an ideal age where you can achieve you retirement goals with smaller contributions leaving more for your other goals.
Thanks a lot for your quick reply..