A sim­ple guide to ‘Re­tire­ment Plan­ning’

The Free Press Journal - - BUSINESS -

The book, ‘Re­tire­ment Plan­ning’ is a sim­ple guide for in­di­vid­u­als that de­scribes the topic of re­tire­ment plan­ning for in­di­vid­u­als along with fu­ture growth of fi­nan­cial prod­ucts in In­dia, writ­ten by R K Mo­ha­p­a­tra, from IRCON In­ter­na­tional Ltd, pub­lished by Blue Rose Pub­lish­ers, New Delhi. The book in metic­u­lous in­tro­duc­tion run­ning in to 252 pages and 9 chapters

re­flects and fo­cuses on an in­di­vid­ual’s re­tire­ment needs, cor­pus for re­tire­ment, and use of cre­ated cor­pus after the su­per­an­nu­a­tion. In the book, au­thor Mo­ha­p­a­tra has elab­o­rately ex­plained with well-re­searched anal­y­sis and an­a­lyt­i­cal cal­cu­la­tion on how to accumulate re­tire­ment cor­pus dur­ing the pre­re­tire­ment pe­riod be­sides ed­u­cat­ing read­ers about ways to pre­serve the ac­cu­mu­lated cor­pus dur­ing the preser­va­tion stage, and thus get the de­sired post-re­tire­ment ex­penses dur­ing the distri­bu­tion stage. Au­thor cov­ers an im­por­tant as­pect of fi­nan­cial plan­ning that is about Suc­ces­sion Plan­ning. Large part of the pop­u­la­tion has ne­glected this as­pect and even the small part of pop­u­la­tion which is aware, feels that same is needed only when one near to re­tire­ment or post re­tire­ment. The big­gest fear for large part of pop­u­la­tion about re­tire­ment is its abil­ity to main­tain the cur­rent life style post re­tire­ment. Un­like in West, In­dia does not have so­cial se­cu­rity and hence many look for­ward to their chil­dren or next gen­er­a­tion to sup­port their re­tire­ment plan­ning.

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