InvestorQ : Why do many people fail at retirement planning?
Pavithra Prabhakaran made post

Why do many people fail at retirement planning?

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Rishita Das answered.
3 years ago
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Retirement planning, if done at the right time, can help an individual spend his/her twilight years in the best manner possible without compromising on quality of life, basic necessities and lifestyle.
For proper retirement planning, one must:
- Evaluate his/her current expenses
- Figure out how much amount will be needed post retirement to have the lifestyle you currently enjoy
- Create an action plan to save more, invest more and invest in financial avenues that will help you reach your corpus amount.
Though it is not rocket science, a lot of people fail at retirement planning because they fail to begin at time. While there is no “right” time to plan your retirement, but a few years into one’s career should be a good time frame to begin with.
This is because you give your money the opportunity to grow and multiply manifold by beginning early.
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