10 steps to calculate how much money you will need for retirement

THE ECONOMIC TIMES Tue, May 21, 2019 | 06:31 AM IST ET Wealth Newsletter

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10 steps to calculate how much money you will need for retirement In 10 steps, we show you how to calculate the amount you need to put away for a comfortable retirement. Rating downgrades: Should you shift your money from liquid mutual funds to overnight funds? After the recent credit-related events, overnight funds are emerging as an alternative. But do you really need to shift from liquid to overnight funds? Which fitness programme is worth the cost? Find out There are benefits to working out with a personal trainer, but depending on a trainer could limit your motivation to work out on your own and is expensive too. A make-or-break tussle with malaria The disease has proved hard to beat and killed millions. Can a GSK-led alliance change things? A crude shock awaits India after May 23 Petrol and diesel prices could rise by over 15% after the next government takes over. Why Net neutrality needs a reality check Issues of implementation and compliance aside, the 5G era may render the regulations meaningless. From our Partners Evolving dynamics of MSME lending industry – A perspective from MSME Pulse by Vipul Mahajan Gain insights on where are new-to-credit MSMEs are coming from and who is lending to them. From our Partners Negotiation strategies for women for a higher salary 4 mistakes that can hurt your retirement planning Mistakes in dealing with other related areas can in fact derail otherwise careful retirement planning. 4 stocks with rising promoters' stake that can be good bets Rising promoters' stake in a company shows they are confident about its growth. These stocks are fundamentally strong and often under-valued. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Reliance Large Cap Fund Direct-Growth 0.21 10.03 14.11 19.18 JM Core 11 Direct Plan-Growth -2.70 11.91 6.24 18.97 Mirae Asset Large Cap Fund Direct- Growth -0.17 9.42 12.35 18.63 Axis Bluechip Fund Direct Plan-Growth 3.06 13.52 12.84 18.12 Reliance Large Cap Fund-Growth 0.15 9.53 13.01 17.92 FeaturedDHFL Pramerica Large Cap Fund Direct Plan-Growth ★★★★★ 1.26 11.80 8.98 14.03 Start SIP Your investing technique is successful only if you meet your money goals Following the right processes plays an important role in achieving investing success, but it is not enough. How to help the elderly make better investment decisions At times older people find it difficult to sift unimportant information from the more important ones or shift from one objective to another while evaluating something.

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