{"id":6999,"date":"2022-02-14T16:55:41","date_gmt":"2022-02-14T11:25:41","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6999"},"modified":"2022-08-25T18:13:49","modified_gmt":"2022-08-25T12:43:49","slug":"building-your-dream-retirement-corpus","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/","title":{"rendered":"Ways To Build Your Dream Retirement Corpus: Retirement Planning Tips"},"content":{"rendered":"\n<p>The need for building a substantial <a href=\"https:\/\/blog.tickertape.in\/ways-to-park-your-retirement-funds\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\" rel=\"nofollow noopener\" target=\"_blank\">retirement corpus<\/a> is something that no prudent investor can play down. A clearly laid out retirement plan, supplemented by a sufficient corpus, grants one the power to not only be financially independent and sustain a proper lifestyle without worrying about expenses post-retirement but also be able to meet any unforeseen expenses in the form of medical emergencies or just provide oneself with a hedge against inflation.<\/p>\n\n\n\n<p>From an Indian perspective, it is also customary for the heads of the house to plan their retirement corpus in such a manner, to ensure that they leave behind some wealth, as a posthumous legacy. These arguments go on to elucidate why the need for a sizeable fund cannot be undermined. Now that we have an endgame in mind, we are better equipped to investigate some avenues that can be explored to achieve our dream corpus.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#Take-stock-of-your-initial-investment\" title=\"Take stock of your initial investment\">Take stock of your initial investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#Maximising-the-initial-investment\" title=\"Maximising the initial investment\">Maximising the initial investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#Go-long-on-investing-for-sunset-years\" title=\"Go long on investing for sunset years\">Go long on investing for sunset years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#Dodge-short-term-market-noise\" title=\"Dodge short-term market noise\">Dodge short-term market noise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#One-SIP-at-a-time\" title=\"One SIP at a time\">One SIP at a time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/#Muster-what-you-already-have\" title=\"Muster what you already have\">Muster what you already have<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Take-stock-of-your-initial-investment\"><\/span><strong>Take stock of your initial investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before proceeding further, it is necessary that we take an important point into consideration &#8211; inflation. If you are currently eyeing an 8-figure corpus of, let\u2019s say, Rs 1 cr., are you certain that it will hold up 15 yrs down the line? To put it bluntly, NO. Given the exponential rise in prices that has occurred over the years, a realistic assumption to make is to consider that prices will keep rising steadily.<\/p>\n\n\n\n<p>With this concern out of the way, let us now understand what your <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-select-mutual-fund-portfolio\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">portfolio<\/a> should look like, to achieve your goal. A traditional approach to this question is to first organize and arrange your initial investment. If one is eyeing a goal of Rs 10 cr., an obvious head start can be achieved with a higher initial investment of, say, Rs 25 lakh. This happens because a person in possession of a higher initial capital has a greater <a href=\"https:\/\/www.tickertape.in\/blog\/margin-requirements\/\">margin<\/a> in terms of the annual return required in comparison to someone with comparatively lower capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maximising-the-initial-investment\"><\/span><strong>Maximising the initial investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Our major objective now is to maximize these annual returns. A popular way to achieve this is through <a href=\"https:\/\/www.tickertape.in\/blog\/types-of-mutual-funds-a-quick-overview\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">mutual fund schemes<\/a>. There are certain Indian mutual fund schemes that have consistently provided investors with an annual return of around 16%. Hence, if you play your cards right and <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> in the correct mutual fund schemes, you too can amass massive returns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Go-long-on-investing-for-sunset-years\"><\/span><strong>Go long on investing for sunset years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>However, selecting such schemes can be a bit of a gamble, that might or might not pay off. If you\u2019re still young, dynamic, and have a stable source of income, you may even consider diverting some of your earned income towards <a href=\"https:\/\/www.tickertape.in\/blog\/what-are-equity-shares-meaning-types-features-limitations-and-more\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">equity<\/a> investments. Contemporarily, <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> investments act as proponents of long-term growth. <em>Long-term<\/em> being the key term here.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dodge-short-term-market-noise\"><\/span><strong>Dodge short-term market noise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Usually, in the short-term, the returns from equity investments are extremely <a href=\"https:\/\/www.tickertape.in\/blog\/volatility\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">volatile<\/a>, as they are directly responding to market changes, as and when they occur. In the short term, equity prices tend to fluctuate as they respond to both company <a href=\"https:\/\/www.tickertape.in\/blog\/fundamental-analysis-of-stocks\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">fundamentals<\/a> as well as market noise. However, if you\u2019re planning on going long and sticking around, they have the potential to generate sizeable gains and very well justify the risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"One-SIP-at-a-time\"><\/span><strong>One SIP at a time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Next up, we have an option to go down the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-sip\/?utm_source=blog&amp;utm_medium=gart&amp;utm_campaign=andrat\">SIP<\/a> route. A <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-sip\/\">SIP<\/a> or a Systematic Investment Plan is an avenue that requires investors to set aside and invest a set amount at regular intervals of time. These minuscule investments have the potential to grow one\u2019s wealth exponentially. It is advised for investors to keep slowly, yet steadily increasing the amount they devote towards their SIPs. This allows them to start small, and still reach their target through a gradual increase in investment amounts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Muster-what-you-already-have\"><\/span><strong>Muster what you already have<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Finally, investors can also consider combining the SIP approach and their initial corpus, to speed up the entire process. Added to this, effectively contributing one\u2019s annual bonuses or any other windfall gains cumulatively to the retirement fund could go a long way in building a humongous wealth corpus.<\/p>\n\n\n\n<p>In all the options that have been mentioned above, a couple of requisites that remain constant are the need to harbour a long-term perspective, as well as financial discipline. The prime deterrent that keeps people from amassing the corpus they desire is the lack of discipline. Compounding can only work its magic if investors are committed to setting aside the requisite amounts as per their goals, on a regular basis. Thus, it can conclusively be said that the core tenet for financial stability always has been, and always will be embedded in the discipline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wondering how to build a substantial retirement corpus? Click here to learn the best tips on retirement corpus planning and spend your post retirement days with adequate funds.<\/p>\n","protected":false},"author":74,"featured_media":7008,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[8,1733],"tags":[296],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/02\/Building-Your-Dream-Retirement-Corpus-02.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6999"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6999"}],"version-history":[{"count":9,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6999\/revisions"}],"predecessor-version":[{"id":7020,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6999\/revisions\/7020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/7008"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}