*Women have to fend for themselves when their most productive years in terms of their professional expertise are behind them. You want to age gracefully but growing old can be a difficult process if one does not plan ahead.*
Retirement Planning for Women
Early bird catches the worm
First, get a bank account for saving and retirement planning. You will then have enough resources to deal with any medical exigencies or any other untoward incident or even to maintain a certain lifestyle in your old age.
There’s no dearth of information on the net. You would do well to explore several aggregator websites such as bankbazaar.com among many others to choose the right investment vehicle for you
Think out of box
Plan for monthly inflows
is an investment scheme which provides an assured monthly income at an annual interest rate of 8.5%. Women can also opt for some mutual funds which provide regular income known as MIP (monthly income plans).
Biological clock versus career clock
Taking on more professional responsibilities while bringing up a child is easier said than done. Given that women have to take a break to start a family, it is all the more important for them to make the right investments so that they have adequate funds to support themselves in their twilight years.
Post Office Monthly Income Scheme