Major Expenses you Should Consider When Planning your Retirement

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When it comes to buying insurance, lack of awareness, especially at the grassroots level, is a major obstacle.

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Medical expenses

As you age, your body weakens, and ailments set in. Medical expenses multiply and become a major expense.

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Lifestyle expenses

These include daily groceries expenses, utility bills, socialising expenses, etc. Plus, traveling increases expenses.

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Existing debt

If you have not paid off your loans, their repayment might take a chunk of your savings.

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Planning for these expenses requires early savings. Start today and set aside funds to invest in suitable avenues and build your retirement corpus. 

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Plan a golden retirement and secure your future with IDFC FIRST Bank’s wide range of saving and investment avenues.

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