If you want to take a pension plan then you should look these things into the plan . The things are given below-

• One could use a judicious mix of equity, MF, Public Provident Fund, fixed deposit (FD) and fixed maturity plan (FMP), etc to build the corpus in the growth phase.

• Before retirement, the investments can be deployed in avenues like FDs, senior citizens' scheme, Post Office Monthly Income Scheme, MF investments with a systematic withdrawal option, FMPs in the dividend distribution mode and monthly income plans, etc to get periodic returns.

• Also, rental income could be an avenue in retirement. Even reverse mortgage could be considered in appropriate cases.

• A good advisor could plan a proper portfolio, which takes care of the liquidity requirements, risk containment and reasonable return concerns.

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Remember, you can have a comfortable retirement without pension, and still have no tension.

Answered by Nagendra , an ibibo Master, at 8:43 AM on September 28, 2008

Dear suresh Kumar, plz. don't take any pension Plan offered by Ins. cos. from ur query i think u r want to plan for ur retirement. Plz. note the following.

1. Pension Plans of Ins. cos. r not tax efficient.
2. The pension offered at the time of retirement is very pathetic.
3. during ur investment period, the returns generated by pension plans r not in line with the market performance.
4. Transparency is an issue in case of Unit linked Pension Plans.
5. cost structure is very complex. In intial years, the Prem. allocation charges takes away a very heavy amount of ur prem.
6. If u r not satisfied with the performance of ur chosen plan during accumulation phase, exit is very costly & at the same time income tax 'll be loaded on the entire surrender value.
7. Insurance component offered with pension plans acts against ur long term planning to save for ur retirement, as the mortality charges deducted for ins. ultimately bring down ur over all fund value.

What to do now?
If u want to save for ur retirement, invest in PPF & diversified Eq. Mutual funds.
1. In case of PPF, u get income tax benefit on all the three phases -
a - u get Tax saving when u invest
b - Interest earned is totally tax free
c - When u receive ur amount, it is again tax free.
If ur age is 30Y now & if u invest the full 70000 Rs. every year in PPF, within next 30 year (at ur age of 60), against ur total Investment of 21L, the accumulated corpus 'll be 85.64L, u may withdraw this amount in full at that time or may use partial withdraw facility during ur retired life.

Under diversified Eq. Mutual funds, again for ur age of 30 years & investment for next 30 years, if u invest only 5000 Rs. per month, @ 12% average growth rate, ur corpus value 'll be 1.62 crore appx. & @ 15% average growth rate, ur corpus 'll be 3Crore.

My advise 'll be for u to first calculate ur monthly expenses as of now. adjust it for average inflation no. of 6% till ur age of 85. This monthly expense figure at age 60-85 'll give u an indication, how much money (corpus) u require at the time of retirement to sustain the same living standard.

If u r unable to do all these calculation, plz. mail me ur details i'll do all the no. crunching for u. My e-mail ID is -
ashalanshu@gmail.com

Plz. note - I'm not a MF adviser or Ins. agent. So whatever i'll advise u, it 'll be the best in ur interest & unbiased.

Thanks

Ashal

Answered by ashal , an ibibo Citizen, at 3:54 AM on September 26, 2008

Respond (www.respond.com), the leading online lead referral service that connects purchase-ready buyers with local sellers in real time, today announced that it has acquired WiserAdvisor.

WiserAdvisor, established in 2003, is the pioneer in offering an unbiased, objective and sophisticated matching service for potential investors searching for financial advisors who best fit their unique needs.

Acquiring WiserAdvisor will strengthen Respond’s presence in the financial space, which has been Respond’s fastest-growing sector. The acquisition enables Respond to provide its high-quality and real time investor leads to qualified financial advisors. This complements Respond’s current relationships with most existing firms in the financial planning leads market such as Paladin Registry, a registry of five star financial advisors who are acknowledged fiduciaries.

“This business consolidation helps Respond’s ability to serve financial planners and positions Respond and Paladin Registry as the leading providers of financial planning leads in this marketplace,” said Jack Waymire, Founder and CEO of Paladin Registry and author of Who’s Watching Your Money.

“Financial planning presents tremendous opportunity for lead generation service providers, such as Respond, and this acquisition further strengthens our presence in this space,” stated Atul Jain, Chairman and CEO of TEOCO, the parent company of Respond. “This acquisition and Respond’s track record of providing verified and qualified referrals enable us to provide significant value to our clients,” exclaimed Jitin Ahuja, Director of Respond.com.

“Respond combines superior technology with deep knowledge of the lead generation industry to offer a world-class service,” said Thomas Murcko, founder and CEO of WebFinance Inc. “This acquisition will accelerate their progress toward becoming the clear leader in online lead generation.”

Since 1998, Respond has been helping consumers find qualified service providers in over 300 categories such as wedding photographers, home contractors, accountants and numerous other professions. Today, Respond has narrowed its strategic focus to several, select industries – including financial services – to ensure they provide quality, verified leads to service providers and establish a strong reputation and market presence in their chosen markets.

ABOUT RESPOND

Respond is the leading online lead referral service that connects purchase-ready buyers with local sellers. Since 1999, over three million consumers have used Respond to find everything from banquet facilities to business loans. Today, Respond covers over a hundred types of services and delivers quality leads to entrepreneurial small businesses. Respond has been a line of business of TEOCO Corporation since 2002

Answered by Vipan Thapar , an ibibo Master, at 5:11 PM on September 25, 2008

to know about all the pension plan in our country & compare the insurance companies which will be better for u, just check the link http://www.zibika.com/a/insura nce


team zibika
www.zibika.com

Answered by Rumit Savla , an ibibo Citizen, at 1:20 PM on September 25, 2008

THE BEST PENSION PLAN IS IN LIC OF INDIA. IF YOU WANT TO TAKE PLAN SO CONTACT ME ON +91-9868789234 OR E-MAIL ME ON (grv1857@ibibo.com) GAURAV GUPTA. I WILL SENT YOU A BEST PLAN FOR YOU PLEASE GIVE ME YOUR DETA OF BIRTH.

Answered by Gaurav Gupta at 11:47 AM on September 25, 2008