Retirement Planning is an important part if the Financial Planning process. There are many reasons for such Planning. Some of the reasons are Financial Independence, Increased Life Expectancy of an individual, Increasing Complexities of Urban and fast-paced Life, Change in the Economic Environment, Increasing Inflationary trends etc.
The cost of medical treatment has gone up very high and it is also necessary to plan for the medical expenditures, Rs. 10,000/- wil become 1,06,766/- after 35 years and 38,697/- after 20 years. So you have to prepare for this, in the year 1990 petrol price was Rs. 9 per litre and now in the year 2011 it's Rs. 71 per litre. Think the cost of 2020 & 2030. For solution contact us.