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Turning a successful senior citizen

Once the retirement saving required is estimated, it has to be created over the working years of the individual by setting in place a saving and investment plan. Retirement is one of the important goals for which an individual saves. The amount of saving required will depend upon the corpus required; the accuracy of intraday tips while trading, the time available to accumulate the savings and the return that will be generated by the investment avenue into which the savings being made will be channelized.

The retirement planning decisions taken have to be in conjunction with the other financial goals of the individual. Given the importance of the goal, it is recommended that at least some savings for retirements, such as the mandatory deductions from salary if employed, or minimum voluntary savings, if self-employed, be assigned to retirement and allowed to compound and grow over time. The individuals must avail of best stock market tips for intraday free to overcome the shortfalls and stabilize the financial conditions.

The investments into which the savings are channelized should reflect the risk profiling done for the investor as part of the financial planning exercise and the long investment horizon available in the accumulation stage of retirement.

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