What is the first thing that comes to mind when you think of retiring from your job? The loss of your monthly income. After all, you depend on your salary for all your financial requirements – be it paying your rent, EMI, or getting groceries for the month. For most of us, our financial commitments are irrevocably tied to our monthly salary. Now imagine a time when there is no salary being deposited into your account. In this scenario, how do you manage your various expenses, while remaining independent? This is where retirement planning comes in and, mutual funds are an excellent way to start investing your money today, with the aim of securing all your tomorrows. If you have recently started your career, then this is the best time to start planning as the longer you stay invested, the better your results will be.
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