Planning for retirement is essential to ensure that it is a comfortable and fulfilling phase. Further, with healthcare services improving and life expectancy rising, the duration of retirement is also increasing. This means that individuals will need to plan for a longer retirement period.
Moreover, medical costs are escalating, and inflation affects essential expenses like electricity and food. So, to ensure a comfortable and worry-free retirement, it is important to plan and review your investment to account for these factors. One of the most effective ways to prepare for retirement is through investing in mutual funds (MFS) and systematic investment plans (SIPs). In fact, along with investing in stocks and trading in them to make money, investing in mutual funds is a long-term method that provides better returns and security.
Role of Mutual Funds in Retirement Planning
This story is from the July 29, 2024 edition of Dalal Street Investment Journal.
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This story is from the July 29, 2024 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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