Retirement Planning

RK Mohapatra

Description

The book explains with concise and concrete examples, which can helps an individual to understand about the pre-retirement stage (accumulation period), preservation stage and post-retirement stage (distribution period).

Informations

• Publié par: Blue Rose
• Date de parution: 24 février 2017
• Nombre de lectures: 0
• EAN13: 9788193218990
• Langue: English
• Poids de l'ouvrage: 3 Mo

Extrait

Copyright © 2016 R K Mohapatra
All rights reserved
All rights reserved by author. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the author.
The views expressed in this book are entirely those of the author. The printer/publisher and distributors of this book are not in any way responsible for the views expressed by the author in this book. All disputes are subject to arbitration; legal actions if any are subject to the jurisdictions of courts of New Delhi, India.
First Published in April 2016
By
Blue Rose
[e-mail]
ISBN: 978-81-932189-9-0
Price: INR 299
Cover Design
Ankit
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PRAISE FOR, “RETIREMENT PLANNING- A SIMPLE GUIDE FOR INDIVIDUALS”
“Financial expert RK Mohapatra launched his new book titled 'Retirement Planning' on June 8, 2016 by presenting a copy of the book to Dr. Mahesh Sharma, Minister of State (Independent charge) Culture & Tourism and Civil Aviation. The Minister while lauding the painstaking efforts of the author, emphasized on the relevance of being mentally prepared for the inevitable retirement stage of life so as to efficiently plan the future.
In the book, author Mohapatra has elaborately explained with well-researched analysis and analytical calculation on how to accumulate retirement corpus during the pre-retirement period besides educating readers about ways to preserve the accumulated corpus during the preservation stage, and thus get the desired post –retirement expenses during the distribution stage. Author Mohapatra feels that authors render a great service to the humanity when they are able to impart and share their vast knowledge and sustainable solutions with masses. A good author according to him is one who knows how to astutely convey the larger than life message through their books. ”
- Tennews.in, New Delhi, Noida & Greater Noida
“Financial expert RK Mohapatra recently launched his new book titled “Retirement Planning” by presenting a copy of the book to Dr. Mahesh Sharma, Minister of State (Independent charge) Culture & Tourism and Civil Aviation. The Minister lauded the meticulous efforts of the young author and spoke on the relevance of being mentally prepared for retirement stage of life from an early stage of the career. The book reflects and focuses on an individual's retirement need, corpus for retirement, and use of created corpus after the superannuation.” ”
- Trade Reporter
“Financial expert R K Mohapatra, from Ircon International Ltd, recently won the Eminent Author award at the 32nd Dr. S. Radha Krishnan Memorial National Media Network Awards-2016 for his bestselling book, "Retirement Planning:A simple guide for individuals” .
- Hindustan Times, New Delhi.
The book describes the topic of retirement planning for individuals along with future growth of financial products in India, which was published by Blue Rose Publishers, reflects and focuses on an individual's retirement needs, corpus for retirement, and use of created corpus after the superannuation.
– Mumbai Lakhshadeep
“The book describes the topic of retirement plan for individuals along with future growth of financial products in India, which reflects and focuses on an individual's retirement needs, corpus for retirement, and use of created corpus after the superannuation.
-Active Times, Mumbai.
“The biggest fear for large part of population about retirement is its ability to maintain the current life style post retirement. The book, “Retirement Planning” is a simple guide for individuals that describes the topic of retirement planning for individuals along with future growth of financial products in India.”
- The Free Press Journal since 1928, Mumbai
Financial expert R K Mohapatra, from Ircon International Ltd, recently won the Eminent Author award at the 32nd Dr. S. Radha Krishnan Memorial National Media Network Awards-2016 for his meticulous introduction running in to 252 pages of the bestselling book, “Retirement Planning-A simple guide for individuals” .
-Early Times, Leading daily, Jammu.
Reviewed by Gisela Dixon for
Readers’ Favorite
Retirement Planning: A Simple Guide for Individuals by RK Mohapatra
is a good book on retirement strategies and planning, along with solid financial management tips. Retirement Planning is specifically written for investors and people who would be investing in India. The book is divided into several chapters on topics including budgeting, importance of long-term financial planning, meaning of basic financial tools and terminologies, mutual funds and expense ratios, stocks, commonly used financial indexes and benchmarks (Sharpe ratio, alpha, beta, etc.), calculation of interest vs. inflation, insurance, as well as information on specific funds in India such as PPF. All of this and more is divided neatly into chapters so that information is easily to find and well categorized.
This is an excellent book on individual and personal financial planning. What I really liked about the book is the manner in which terms and strategies are simply explained so that they can be easily understood by a lay person. Another huge advantage is the real examples and analyses provided throughout the book that show how to calculate expenses vs interest rate over different periods of time for different funds. All of the examples and information are based on Indian government rates and funds available in India. However, for a person investing elsewhere this is still an excellent insight into overall retirement planning and strategies as the basic principles remain the same. An excellent book written in a very easy to understand manner that I would recommend to readers of any ages.
It is never too early to start saving.
B ook revie W
The Management Accountant l December 2016
Retirement is the point where a person stops employment completely. People often do not make any retirement planning in comparison to other life stage goals such as buying a house or child’s higher education/ marriage. They believe that their children will look after them after the retirement. So, the awakening about retirement suddenly starts when one have reached middle age. It may be too late for many individuals. The growing financial pressure on retirement system worldwide is forcing individuals to change the way he think about and plan for retirement. With increasing level of financial literacy, individuals are more accepting the responsibility for retirement planning.
The question arises when shall one start saving for retirement? The age at which one retires is not known to anybody because the meaning of old age on today may vary from 60 to 70 years or 80 years. Conversely one may also stop working in between 50 to 60 years. However, retirement planning is not that simple. Small mistake can force to delay retirement planning by many years. Each one is unique and there can be no one solution which can fit all. It is dependent on so many factors. So, evaluation of different options available for building corpus and working one’s plan is very crucial for a planner.
The main objective of this book is to help retirees as well as prospective investors especially individuals who eagerly start investment for their future betterment by using their own strategies, principles and methodologies. This book is organized into eight chapters. Budgeting and Planning involve setting definite goals and objectives to be accomplished within a certain period. These objectives may be long-term or short-term and can vary from individual to individual. Chapter 1 of the book described individual planning and budgeting from different perspectives. Why you need retirement planning? The question arises and one can get answer from the Chapter-2 of the book.
Retirement planning generally includes two stages such as: accumulation stage and distribution stage. Accumulation stage is that stage when you create corpus over the period generally up to retirement and thereafter distribution stage starts where you spend your created money up to lifelong. Some of the investment instruments that can form part of a retirement plan during accumulation and distribution stage such pension plans, mutual funds, bonds etc. are analyzed in Chapter-3.
Analytical study of mutual funds and importance of standard deviation, beta, alpha, Sharp Ratio, Treynor Ratio and Concentration Ratio are important for selection of right mutual fund products. An individual before making and investment must know its application and importance in selecting a fund for setting an objective. Chapter 4 and 5 thoroughly analyzed Value of Mutual Fund in Retirement Planning and as well as Evaluation of Mutual Fund including their portfolio.
A small premium on insurance will protect one’s family from any unforeseen ill-fated events in future. Insurance plays an important role in financial planning for an individual life. A variety of insurance coverage is available in the market from nationalized insurance companies and private insurance companies. One can find out according to his/her needs how much to be insured. A snapshot of insurance policies is highlighted in Chapter 6.
Unit Linked Insurance Plan (ULIP) is a product that gives investors the benefits of both insurance and investment under a single integrated plan. It’s a combination of insurance and investment. Different aspects of ULIP are discussed in Chapter 7.
Succession plan helps to distribute one’s created corpus to desired persons, in case sudden demise and unfortunate incident. It is required proper estate/succession planning when you are alive and also one common factor for all to protect assets by establish a proper will. Chapter 8 highlighted different types of Will and other issues related to nominations of financial instruments. The book is supp