Starting early is the key to retiring comfortably

Purchase of House: It is the time for him to start looking for a house.

Additionally, he must plan for his daughter’s future along with consolidating his retirement plans.

With an annual income of Rs 8 lakh he can easily get a home loan of Rs 35 lakh. However, Rahul should go for a house of about Rs 25 lakh for which his contribution will be about Rs 5 lakh as down payment.

By the age of 35, Rahul should have started dedicated investments to create a corpus required in later stages of life. He should expect returns at an average of at least 8-12 per cent on his investments.

The savings and other investments made by Rahul from the beginning will help him live a comfortable life in his own home after his retirement without having to depend on anyone else.