Is Retirement Plan Necessary? ✨ We can't work our entire life, The retirement Plan is Mandatory. Income is of two types: One is Active Income & the other one is Passive Income. Active Income ➵ which we will get by working Hard. E.g. salary Passive Income ➵ we will earn income even while sleeping. E.g. Interest on Savings A/c, Fixed Deposits, Govt. Securities, Mutual Funds, Direct Investments. ⚡Interest on Savings A/c : If you invest your money in a Savings account, We will get a 3 to 4 % Interest Rate. But the Average Inflation is 5%, This states that we are losing 1%, Which is not good. ⚡Fixed Deposits : If you Invest your Money in Fixed Deposits. We will get a 7-8% Interest Rate i.e. 3% more than the Average Inflation of 5%, Which is better than investing in a Savings account. ⚡Govt. Securities : If you Invest your Money in Government Securities, We will get a better Interest Rate than Fixed deposits. Also, we will get Tax Benefits, Which is also good. ⚡Mutual Funds : In Mutual Funds, Fund Manager Invests on our behalf and generates returns. we can check The Fund Performance through CAGR i.e. Compound Annual Growth Rate %. Mutual funds are of two types: Index Mutual Funds and Normal mutual funds. In Index MF'S, Fund Manager no need to Check Day to Day for Companies. In India, we have two major stock exchanges, one is NSE (National Stock Exchange of India Limited) and the other one is BSE (Bombay Stock Exchange). These Exchanges Fixes the companies in the index: NSE NIFTY 50, BSE Sensex, etc. ⚡Direct Investments : Everybody at one point has to be invested in stocks. "Select Stocks Wisely, Otherwise you lose money

1. Is
Retirement
Plan ✨
Necessary?
KISHORE KUMAR GANTA

2. We can't work our entire life; The retirement Plan is Mandatory.
📣
📣 Income is of two types: One is Active Income & the other one is Passive Income.
Active Income ➵ which we will get by working Hard.
E.g. salary

3. Passive Income ➵ we will earn income even while sleeping.
E.g. Interest on Savings A/c,
Fixed Deposits,
Govt. Securities,
Mutual Funds,
Direct Investments.

4. Interest on Savings Account
If you invest your money in a Savings account, We will get a 3 to 4 % Interest Rate. But the
Average Inflation is 5%, This states that we are losing 1%, Which is not good.

5. Fixed Deposits
If you Invest your Money in Fixed Deposits. We will get a 7-8% Interest Rate i.e. 3% more than
the Average Inflation of 5%, Which is better than investing in a Savings account.

6. Govt. Securities
If you Invest your Money in Government Securities, We will get a better Interest Rate than
Fixed deposits. Also, we will get Tax Benefits, Which is also good.

7. Mutual Funds
In Mutual Funds, Fund Manager Invests on our behalf and generates returns. we can check
The Fund Performance through CAGR i.e. Compound Annual Growth Rate %.
Mutual funds are of two types: Index Mutual Funds and Normal mutual funds.
In Index MF'S, Fund Manager no need to Check Day to Day for Companies.
In India, we have two major stock exchanges, one is NSE (National Stock Exchange of India
Limited) and the other one is BSE (Bombay Stock Exchange). These Exchanges Fixes the
companies in the index: NSE NIFTY 50, BSE Sensex, etc.

8. Direct Investments
Everybody at one point has to be invested in stocks.
"Select Stocks Wisely, Otherwise you lose money.”