I am earning an annual package of Rs. 18 lakhs and my annual expenses amount to around Rs. 10 lakhs. I have taken LIC profit plus plan for Rs. 5 lakhs and I invest Rs. 10,000 monthly through SIP. At present I am 39 years of age and plan to retire at the age of 58 years. I want to plan for my retirement. Please suggest something
You can invest in RD, FD, PPF, equity MFs. You cam also invest in term insurance plans for 20 years. At the time of maturity, you can invest the maturity amount in FD.