A retirement corpus is the total amount of savings and assets saved or acquired by an individual during their working years to satisfy their financial demands upon retirement.
A man has been planning for it and has now gone viral for his “ambitious” planning. Take a look.
Jump To
- Man’s ‘retirement corpus’ planning for 90-year lifespan goes viral
- What is a Retirement Corpus?
Man’s ‘retirement corpus’ planning for 90-year lifespan goes viral
Someone riddle me this retirement plan by u/TimeVendor in IndianStreetBets
A photograph that is now making the rounds on social media depicts a 32-year-old man’s retirement plans. The graphic shows that the person has set out every element of his impending strategy.
The ‘life expectancy’ indicated in the plan has piqued the interest of social media users. The individual stated that his life expectancy is 90 years. “Someone riddle me this retirement plan,” the Reddit user said with the image.
The plan includes information ranging from ‘anticipated pre-retirement rate of returns’ to ‘estimated returns on retirement corpus.’ The individual has also added his ‘lumpsum investment’ to his ‘monthly fixed SIP.’
Reddit Screengrab
The photograph has gotten a lot of attention since it was posted, and it basically entails people evaluating their life choices.
What is a Retirement Corpus?
It is simply a collection of funds designed to offer a consistent income or financial security if a person ceases working and relies on their savings for living expenses.
Creating a retirement corpus is critical to ensuring a comfortable and financially stable retirement, especially given that most people have little or no regular income during retirement.
The retirement fund is intended to cover a variety of needs, including housing, healthcare, daily living expenses, travel, and recreational activities, among others.
The purpose is to expand the corpus through investments to create a consistent income stream throughout retirement, allowing the individual to retain their desired level of living.
Planning for retirement and accumulating a significant retirement corpus is an important financial aim to achieve in order to maintain financial independence and well-being in one’s later years.
What do you think about this? Tell us in the comments.
For more trending stories, follow us on Telegram.
Categories: Trending
Source: vtt.edu.vn