'Pre-Financial planning' is like foundation stone in making money last in retirement. Nowadays both husband and wife are holding white colored jobs. So they will definitely have enough money to spend days after retirement. But by following some simple but significant advises we can make more money that leads to more comfortable life after retirement.

• Separate some specific amount from your salary every month and invest ¾ th of this money in saving schemes. And ¼ th amount in stocks. By doing this, you are safe. Because your money is at savings. And if your purchased stocks have good value ,you can sell it and get more profit. Otherwise keep them aside till they grow. There is no harm.

• Try to invest in any land ,house or flat. Because, land rates are increasing rapidly these days. If you already own a house, then try to buy another flat or house by taking loan from office or bank. You can give it for lease and can pay that lease amount to the bank as interest. So by purchasing an extra house or flat will help you to get more money in last days.

• There are so many retirement policies available by insurance companies. So select the company or back that matches with your criteria and take that policy. I am sure you will receive a good amount when you retire.

• Apart from personal provident funds, there are various national schemes like public provident funds, post offices schemes, saving certificates like NSC, old citizen saving schemes, etc. So, you can invest in any of these to get better yield finally.

• Try to invest atleast half of your Annual bonus in fixed schemes like mutual funds, fixed deposits, etc. By doing this , you prevent unnecessary expenditures. Invested amount will give you the best yield when you reach your retirement stage.

These steps will definitely help you in making more money to live comfortable and safe life. So this preplanned financial status will not keep us in ' Begging' position, instead it will keep us in 'Giving and honorable' position. Our hands will always be on top.

Learn more about this author, Krishna Shanmukh.
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