Retirement and Pension Plans - Definitely Fulfil your Retirement Goals
It doesnt matter if youve just started your first job, or if youre a professional with 20 years of experience under your belt. When you start earning money to support yourself and your family, theres no denying the fact that you have given up on a few of your hopes and dreams. Perhaps you wanted to be an actor, but didnt have the time to go for auditions. Or, you might have been Indias next Masterchef, but you could not find enough spare time to truly hone your cooking skills the way you would have liked to. No matter what dreams youve left behind, its important to remember that once you retire, you will have the chance to reinvent yourself and do a few things that you might never have done before.
Dont believe us? Lets take a look at just some of the things you can choose to do once you retire:
Travel:
Pick Up a New Skill
Embrace Your Hobby
Help Out
After years of getting less than 30 days of leave per year, you have the rest of your life to explore the world from end-to-end. You can choose to do a few solo journeys, or travel with your spouse. Enjoy an Alaskan cruise near the North Pole, or relish the luxury of Palace on Wheels in India. With time on your side, you can choose to go whenever you want, without having to worry about getting back to work within 21 days!
From learning how to play the guitar like a pro, to finding your way around the kitchen with the help of a pro chef, your retirement years are a great time to pick up a new skill. You now have the time to go for classes, and pick up a skill youve wanted to learn ever since your youth.
While more and more people today are lucky enough to choose a career that they love, several individuals are forced to give up their hobbies to work and support their families. Now that youve retired, its time to pick up your hobby again. If you love to write, you could create a blog for yourself, or, if youve always been great at carpentry, you could make little pieces of furniture and sell them to make a little extra money.
Your golden years are a great time to give back to the community you come from. You could choose to cook and distribute food to needy people around you, or you could use the skills youve learnt over your long career and help train those who are less fortunate and do not have access to great education or vocational institutions. It may involve some amount of hard work, but the satisfaction is more than worth it.
No matter what you choose to do during your retirement, you will need to make sure that you have the means to enjoy your golden years. This will require prudent financial planning on your part from the moment you join the work force, right until the time youre ready to kick back and relax. The nest egg you build for yourself and your spouse should be able to cover not just your everyday expenses, but should also give you the freedom to see the world, fulfil childhood dreams, and perhaps even leave a legacy in your immediate community.
To be able to do all this and more, you can invest in a pension plan right from the moment you sign your first contract. By putting away a small amount of money every year that youre working, you will ensure that you have the freedom and liberty to do as you please in your 50s and 60s. With a few wise investments, you can even retire earlier than others, and make the most of your free time. If you havent started your retirement planning yet, click here to find a plan that suits your needs.
Related Articles
- Retirement Planning Checklist for Young Entrepreneurs
- How can Annuity Plans Financially Secure your Retirement
- The 80/20 Rule for Retirement
- Vidhwa Pension Scheme: Everything You Need to Know in 2024
- Different Types of Annuities In India
- How To calculate Retirement Savings?
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator