RETIREMENT
In simple words, asset allocation can be defined as the process of distributing your investment in different asset categories. These multiple investment avenues include bonds, shares, debentures, real estate, gold, fixed income, and many more.
You might be wondering; what role asset allocation plays in your life. The prime objective is to minimize your risk and maximize your returns.
What is asset allocation and how does it differ from person to person?
Asset allocation defines how well you distribute your funds among your investment tools. It also differs based on age. If you are 25 years old and have a longer duration in which to grow your investments, then you can invest in high-risk, high returns investment avenues. And, for someone in their 50s; you should move towards low risk, and safe investment options. When your finances have a larger scope to grow, investing in risk-based options is feasible.
Additionally, it is very important to prepare for your retirement by investing in the right retirement policy. It goes a long way in determining the quality of your life post-retirement.
How to plan your investment portfolio for retirement?
When you are close to retirement, you should emphasize more on fixed income options, switch from equity investments to debt investments, lower risks, and higher liquidity.
A penny saved is a penny earned, so build your reserves now for safe and sound retirement planning. Visit PNB MetLife website to know more about long term savings, savings plans, term plan & term insurance.
Doesn’t the thought of retirement sound blissful? No work, no deadlines, and all your hours spent doing the things you love, like travel, painting, and even napping in the afternoon! If you want your retirement to be what you have always dreamed of, start retirement planning now and save a considerable retirement corpus in time. The online Retirement Calculator can help you plan your future financial goals and ensure you achieve them within the stipulated time.
Disclaimer:
The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.
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PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.