Comprehensive Financial Planning Retirement Planning Financial management in the post-retirement phase presupposes that the individual has saved money during the pre-retirement phase. The money so saved should be managed wisely, post-retirement. So a little forward planning is needed to ensure that the requisite amount of money is saved during the pre-retirement phase. The retirees need to know how much income they would need to live, post-retirement. This done, they should work towards accumulating the retirement nest egg. The financial planning required for the purpose should consider certain ground realities. For example, post-retirement, expenses will not go down; rather, they will go up. New expenses can arise in the form of increased medical costs and financial help for children/grandchildren, or even elderly parents. To make matters worse, people today are living longer. Financial planning is rendered easier in the case of government employees and those who work in the organised sector. Most of them participate in pension schemes in terms of which they receive payments from the employer when they retire. The rest have to prepare themselves towards building their retirement portfolio. Retirement plans are broadly classified into Immediate Annuities: For people retiring immediately the Annuity provider can be chosen from the list of companies. Deferred Annuities: The Annuity is deferred to commence at a later point in time. The funds can be invested in a broad portfolio, selection for which depends on the proposed retirement date. Investment Management Successful investing usually means diversification, and Richie Rich offers a wide variety of choices. Managing wealth is growing complex with the innovation happening in the financial services industry and the growing complexities of the taxation structure. Let Richie Rich simplify this through the Investment Management Process. You may select from our comprehensive suite of managed funds. The suite is designed for various levels of investment returns and sophistication. Depending upon the program, your Financial Advisor may advice you to invest in stocks, bonds, money market funds, mutual funds, exchange-traded funds and cash. You can establish investment advisory relationships for your retirement accounts in addition to your personal investment accounts. If you select Richie Rich Advisory, our non-discretionary advisory account, your Financial Advisor will provide investment advice, but you will retain the decision-making authority over the account.