7 Tips To Start A Retirement Plan At 30

Amit Sethi

Set Financial Goals

Identify short and long-term financial goals before retirement planning, and prioritise the immediate goals first.

Lon/Short Term Goals

Fund Requirement

Assess financial needs based on lifestyle, inflation, health, emergencies and requirements for a contingency fund.

Retirement Fund

Make A Budget

Align the budget with short and long-term financial goals to ensure adequate savings to achieve the objectives.

Budgeting

Select Right Tools

Investing in proper investment tools based on age, risk appetite, etc., is vital to generate returns and achieve retirement goals.

Invest

Diversify

Diversify investments to minimise risks and achieve financial goals.

Diversified Portfolio

Review Plan

Ensure that you review the retirement plan and make necessary adjustments as per the market situation, inflation, etc.

Review Plan

Start Early

Starting early in retirement planning will give you more time to build a retirement corpus and explore more investment options.

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