Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

India is no longer a nation of savers. Instead, we are focusing more on current expenses rather than saving and planning for the future, reveals a survey by PGIM India Mutual Fund.

The survey, titled Retirement Readiness Survey 2020, states that retirement planning ranks low on people’s priorities, even as children, spousal security, fitness and lifestyle rank higher.

Ajit Menon, chief executive officer, PGIM India Mutual Fund, says, “Given the current economic challenges emerging in the wake of the pandemic, the need for future financial security or financial freedom is even more pertinent today. The only financial goal which does