Question

Why should you be concerned with retirement and estate?

How can you estimate how much you need to save for retirement?

Answer 1

One should be concern the retirement and estate planning because retirement will be helpful in planning early for later phases of the life and it will help the individual in saving appropriately so that he can save enough at the time of the retirement he can have a higher amount of Corpus so that would be helping him in order to carry out his remaining life without working so retirement planning is highly important.

EState planning will mean that after a person is no more, who is going to inherit his wealth and property and estate planning is helpful in determination of all the legal hiers who are going to to inherit the property in the the proportion decided in the state planning so it will be helping in protecting from ugly battles in the family and better apportionment of asset between different individuals in family.

One can estimate how much he needs to save for retirement by determining his overall expenditure and his overall needs which are regular needs and his lifestyle expenditure index so he will be trying to inflate that expenditure in association with the inflation and he would be trying to adjust those expenditures in accordance with other factors of economy so he will get the desired expenditure and he will calculate it at the current time by present value and he will be trying to to segregate in remaining life and he will and invest it accordingly.