Retirement Income Planning - India Government Bonds

 

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Retirement income planning means starting now, regardless if you're 21 or hitting retirement age already, in order to prosper as a retiree. Sure it's best if you are twenty one, although, if you are now entering any age and have good health it's not too late. Even an extra one to two hundred a month put into savings or investment can add up fast.
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First thing to do immediately (now) is start planning for your financial future. How? It's really not hard if you do some research. The good news is that I have done part of your research for you, so all you need to do is follow some set patterns. However, here is a disclaimer for you. I cannot guarantee you'll make one penny, nor ever earn any income. Only you can be responsible for planning your income that pays off. However, by following a good plan of action it is possible to earn money.


Let's consider investments! Start with investment in Bonds for the individual. You can open an account with numerous companies which specialize in helping you make investment in government bond issues, such as debt directed obligations. In other words, you simply invest in bonds online (actually lending money to the Indian Government, which takes your loan and uses it to pay out on any debt which might be outstanding. They also may use your loaned money to raise capital.) You can feel secure with this as it is completely backed by confidence of faith in the government.

This type of investment in Government Bonds is basically risk free, although your earnings back are less than some other types. The advantage is, for one thing, found in your taxes which in the end will be less and in return increasing your pay back. You should consult a professional tax person for full details concerning your state. Each state has higher or lower tax brackets for individuals. Unless you are an expert on tax laws in your state, it is for your security to let a professional help you.

Bonds can greatly enhance your retirement income planning when certain rules are followed. The India Government backing is a great plus. Although, there are many ways to invest outside the government that will bring in more yield per dollar loaned. There is also greater risk. Later, in another article, we will touch upon other type of bonds in secondary markets. The type of risk you choose to take is your responsibility. If you're not afraid to tread out into deep water, you can make a fortune. Or, you can lose the shirt off your back. Do research, then make a decision of the final results. Start slow, pick up more responsibility only after you're making good headway.

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