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Making sure there is enough money to support you when you retire starts when you are young

By Deeperana Iec Subscribe to RSS | February 11th 2012 | Views:
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There are schemes that can help with this and the first step is to consult a reliable and trustworthy financial advice company that can guide people who want to do this. Most of them advise putting a regular amount into a mutual fund, which is a kind of investment opportunity where many people’s cash is pooled and used to buy shares, stocks or other financial instruments that will earn a profit for the future.

There are reputable mutual fund advisers in Delhi, in Gurgaon, in Noida, Faridabad and NCR who can help.

They will usually advise the small private investor wanting a pension for their old age to put a regular amount into a SIP, or Self Invested Personal Pension.

The adviser will have access to a number of these pension plan schemes, which are usually regulated by a country’s tax authority.

The difference between a SIP and a conventional Pension Fund is that the conventional Pension Fund involves paying money to an insurance company for investment in an insurance policy. This means the money is invested with relatively little choice or freedom from the plan holder.

A SIP offers a wider choice of what to invest in and the plan can hold the investments directly. There are various ways of safeguarding the money people have paid in, and these include contracts written under trust, the trustee controls the investment under instruction from the member or members.

The money paid is invested and a fund is built up. The amount of pension payable when the policyholder retires depends on the amount of money they have paid into the scheme; how well the investment funds perform; and the 'annuity rate' at the date of retirement. An annuity rate is the factor used to convert the 'pot of money' into a pension.

While there is always some risk in investment it can be managed by using a reputable mutualfund adviser in Delhi or Gurgaon, Noida, Faridabad or NCR to guide a private investor to the safest funds.

It is not something to be tried independently and without professional guidance from an experienced adviser, who will understand your personal goals, the limits to the risks you are able or willing to take and the outcome you hope to achieve.

Deeperana Iec - About Author:
Mutualfundwala - providing best, budget mutualfund advisors in Faridabad, and mutualfund Advisors in Delhi, Gurgaon, NCR ect. Find more details about Mutualfund advisors in NCR at very easily at www.mutualfundwala.com.

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