Systematic Investments: The Key to Stress-Free Retirement
There comes a point in every human being's life when his body stops supporting him. He is not able to work as much as he could before 60 years of age. People of 60+ age usually do not work as much because it does not give them that much strength. And the body also becomes very weak, and it cannot work in the jobs. Therefore, you should make such an investment or take such a security so that even after sixty years, you can work without a single day of power cut. What many people do is that they spend all their money in their 20s and 30s, and even after sixty years, they have to work, which they do not want to do but have to do out of compulsion because they have to run the house. Therefore, choose such an investment or such a secure life, where you do not have to work after 60. You keep getting pension or investment returns every month.
First of all, retirement happens only after understanding this. The hard part is that after you work for a certain period of time, you don't feel like working anymore, or your body doesn't support you enough to work. That's why a lot of people take retirement, and there are some people who already take retirement whose investments are very systematic or whose lives are very busy, or people who are millionaires—they take retirement early. But most people take retirement at the age of 60 only, because that is the right time. The benefit of taking retirement on time is that if by chance you face any health problem or any other problem, you can tackle it.
Systematic investment is when you invest money regularly every month in a place with the hope that after retirement you will get a certain amount from this place. You can call it a pension, or you can invest in mutual funds, in which you invest money in one place and keep investing enough money every month so that when you invest, you will keep getting money in equal amounts. You can invest money from this account. This is a very good thing. There is a little risk, but it is very easy. It is like a fixed deposit.
But there is a more secure option than this, which is the FDS of the bank, which is a very secure account. There is very little chance of losing money in it or PF, which is a Public Provident Fund. This is one National Pension Scheme in the National Scheme, in which some amount of money will be deducted from every person's account, and you will get it after your retirement, and this is very good because it will be deducted from your salary. You will get your base salary, but if you get it after deduction, it will not make much difference to you, and the second one is the National Pension Scheme, in which you will put some certain amount of money every month, from which you will get a pension later, and it keeps your life very secure.
Many people keep investing in shares of many companies at many places so that their profit can increase. That is a little lyrical. But there are many companies in it that will never sink, like Reliance and Tata; these are all companies that will never sink or will never be. Therefore, investing money in all these companies is also a very good investment, and many people invest in it as well. Which is systematic investment, or which is the company's share investment in which when you withdraw your money in the end, the government will take the profit tax on it, and the rest of the profit will go to your account, so if you can think about it, then you can invest in it as well. But the best investment is in FD, which is fixed deposits.
If I talk about myself personally, I am a government officer, and one percent of my monthly salary is deducted in PF, which is the Public Provident Fund, and I invest some money in the remaining amount. He runs his household with that little money, and he has a good investment as of today. There are many other good investments in PF. In this, he also gets BSNL shares every month, and he also gets this from many places, so when he has 60%, then on his retirement, he will get the gratuity amount and the money of his PF. Another good thing about PF is that whenever you want to withdraw, you have to fill out a form, and you can withdraw. This is very good; till the time you do not withdraw, it will keep earning interest. I like this a lot because a good amount is there for your secure life. If you do not have an emergency, you will keep getting money in that account, and SFD will work, and if you want to withdraw, there is a form, and you can withdraw money by depositing money in it and submitting the form.
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