Pension Plan
Pension Plan: Mistakes to avoid
Pension Plan guide: mistakes to avoid.
These are the errors we most often see. Avoiding them can save money and protect claims.
❌ Starting too late
Compounding needs time; each delayed year raises the monthly amount needed.
❌ Ignoring inflation
₹50,000 a month today could need more than double that in 15 years.
❌ Putting everything into one annuity
Keep some flexibility and growth assets.
❌ Choosing an annuity option without comparing
Rates and features vary widely.
❌ Withdrawing retirement savings early
Job changes or emergencies tempt people to dip into the corpus.
❌ Forgetting the spouse
Choose joint-life if your spouse depends on your income.
❌ Not reviewing regularly
Review the plan every few years or after major life events.