Planning to Retire Early – Live Your Life on Your Own Terms

In India, many parents spend a big chunk of their savings on their childrens wedding or even on financing higher education. Indias middle class, even though segmented into lower, upper and further into middle middle, upper middle, lower middle etc. forms the major quotient of taxable income-generating population. Although this means that is many ways, there are options for considerable savings, yet the fact remains that these savings are hardly consolidated i.e. the targeted application of these savings is generally the future or the life-events of children or any other specific goal. This, when put in simple terms, means that merely saving on monthly income cannot be a primary source of financial freedom, especially when you are looking forward to a dream ambition or pursuing something that you have always wanted to. In other words, if you wish to retire early from a structured and routine professional life in order to do what you really want to or to engage in a fulfilling but expensive activity, one of the most important things that you need is complete financial flexibility.

In our times of financial inclusion and capital safety, the best approach is to retain the core budgetary strength while ensuring that there are gains on investment. Getting insured is the best way forward primarily as it assures that your capital gains remain sealed and protected at all times. Life is uncertain and we dont know how the future can turn out to be. Therefore, the most logical step would be to list out our futuristic projections vis-vis our monthly income and expenditure and then start planning our budget in a way that suits us perfectly. If you want to have a guaranteed strong financial backbone at an age when you cannot or do not wish to work in a routine environment, start planning early!

HDFC Life has come up with HDFC Life Click 2 Retire - an extensively beneficial online unit linked pension scheme that allows you to realize your retirement goals. Benefits include lower vesting age of 45 years with option to start early - as early as 18 years! Go ahead and check the complete details here: