Risk Management Strategies In Post-Retirement Financial Planning And It’s Schemes

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Dr. Sanam Sharma

Abstract

After graduating to the new life phase, i.e., retirement, a person requires an additional source of income to maintain their life style and expenses. Planning for retirement is therefore, an essential aspect of life. Post-retirement financial planning is nothing more than an effort to determine the amount of money that must be invested each month or each year in order to accumulate the necessary retirement corpus for a comfortable retirement. We all want to be able to retire in luxury, but creating a good retirement plan may be complicated and time-consuming, making the process seem downright impossible. Choosing retirement income objectives and the resources needed to accomplish the same are steps in the post-retirement financial planning process. Identification of income sources, estimation of expenses, implementation of a savings plan, and management of assets and risk are all components of post-retirement financial planning. Post-retirement financial planning is, to put it simply, preparing for life after paid employment discontinues. We analyzed The respondents in Delhi NCR completed a structured, pre-tested questionnaire for this study's primary data collection. By using Cronbach's Alpha, the prepared questionnaire was put to the test for reliability. The responses to the questionnaires were carefully examined and verified.

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How to Cite
Dr. Sanam Sharma. (2023). Risk Management Strategies In Post-Retirement Financial Planning And It’s Schemes. European Economic Letters (EEL), 13(4), 596–611. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/638
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