Wealth Management : The Need of the Hour for Post Retirement Security

The better health and sanitation conditions in India have increased the life span. Life expectancy in India is moving up and up with each passing decade . It was 49 years in year 1970 , increased to 64 years  in 2011 and is set to increase upto 73-76 years in 2040-50 . As a result, number of post-retirement years increases. Retirement is one of the most important life events many of us will ever experience. From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. Even once it is reached, managing retirement is an ongoing responsibility that carries well into one's golden years.  In India,  the fact that a mere 11 per cent of India's working population has some form of social security planning for their old age, retirement planning holds a great significance Everyone dreams of having a perfect retired life living in peace and bliss. They tend to be myopic and are not saving sufficiently for old age. Having a perfect retired life is possible with proper planning before one retires and all retirement financial plans must offer income for life. After working hard for the majority of life, facing financial insufficiency due to poor financial planning offers a depressing thought. They have to choose the correct investment avenues or investment tools which the post retirement offer the option of liquidating the money in case of an emergency as well as offer substantial returns that can make give financial security  for  lifetime. Indian investors face lot of challenges when it comes to retirement planning. This paper  tries to address the issues  by providing solutions on how to calculate the retirement corpus and the features, positives and negatives of some instruments suitable for retirement planning