PERSONAL FINANCE

'Start young or else....'

Naresh Pachisia
Posted: Sunday, Sep 07, 2008 at 0145 hrs IST
Updated: Sunday, Sep 07, 2008 at 0145 hrs IST

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Investors hail RBI’s gold purchase move FDI dips 54 pct in September India crosses $100-bn FDI mark amid crisis NHPC debut a disappointment for investors

: thing if you have not saved enough or if your money does not grow at pace with inflation. A rapid withdrawal strategy may also be ruinous.

Speaking of withdrawal, the lay individual may take out 5-10% of his assets each year in retirement and not outlive his resources. Withdraw more than that, and chances are you may go bankrupt in retirement.

The author is CFP, managing director, SKP Securities Ltd ...

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