{"id":1729,"date":"2021-09-05T12:00:00","date_gmt":"2021-09-05T12:00:00","guid":{"rendered":"https:\/\/www.cashvisory.com\/blog\/?p=1729"},"modified":"2021-09-14T07:31:23","modified_gmt":"2021-09-14T07:31:23","slug":"retirement-planning-so-far-yet-so-close","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/retirement-planning-so-far-yet-so-close\/","title":{"rendered":"Retirement planning: so far yet so close"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1729\" class=\"elementor elementor-1729\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ac1bfd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ac1bfd8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-190376e4\" data-id=\"190376e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-114c8236 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"114c8236\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1cf672ec elementor-widget elementor-widget-text-editor\" data-id=\"1cf672ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key Takeaways<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Retirement planning is the freedom to do what you please, be it not working, travelling the world, starting a business or anything else you dream of, without having to worry about your day to day sustenance.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>The steps to retirement planning involve setting a target age, estimating income needed, calculating the size of the corpus, creating a savings and investment plan, and putting it into action.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>You should start saving and investing for retirement as early as possible as this can make a significant difference to the amount you need to set aside to achieve a certain retirement goal.<\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-587a5895 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"587a5895\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-731ebb2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"731ebb2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b38bd58\" data-id=\"b38bd58\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-404b970 elementor-widget elementor-widget-text-editor\" data-id=\"404b970\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Oxford dictionary defines retirement as \u201c<\/span><span style=\"font-weight: 400;\">the action or fact of leaving one&#8217;s job and ceasing to work\u201d. We at Cashvisory believe that retirement is so much broader than this narrow definition. Retirement to us is freedom, freedom to do what you please, be it not working, travelling the world, starting a business or anything else you dream of, without having to worry about your day to day sustenance. Sounds like utopia, doesn\u2019t it?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3629c7a elementor-widget elementor-widget-text-editor\" data-id=\"3629c7a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">However, when we are caught up in the grind of life &#8211; that next Eurotrip, the house upgrade, our kids&#8217; future &#8211; we often think of retirement as being too far away and as something that can be taken care of in the future. This is a huge mistake, which at its best will end up costing us much more than necessary, and at its worst may see us be left without adequate retirement funds to sustain ourselves.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2769f94 elementor-widget elementor-widget-text-editor\" data-id=\"2769f94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this blog post, we break down the steps of effective retirement planning and look at just how much of an impact planning early can make on your current and future finances.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd60fa5 elementor-widget elementor-widget-image\" data-id=\"bd60fa5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"619\" height=\"375\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png\" class=\"attachment-large size-large wp-image-1730\" alt=\"Retirement Planning\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png 619w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3-300x182.png 300w\" sizes=\"(max-width: 619px) 100vw, 619px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34d42b5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34d42b5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ceb6328\" data-id=\"ceb6328\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84db54f elementor-widget elementor-widget-heading\" data-id=\"84db54f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to do retirement planning: Step-by-step\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9744e7b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9744e7b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e27459e\" data-id=\"e27459e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f3260d3 elementor-widget elementor-widget-text-editor\" data-id=\"f3260d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Step 1. Setting a target retirement age<\/b><span style=\"font-weight: 400;\"> &#8211; The first step is setting a realistic timeline for retirement that we wish to achieve. The targeted retirement age also tells us how many years of income we will need to sustain our life post retirement along with some buffer.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1da4620 elementor-widget elementor-widget-text-editor\" data-id=\"1da4620\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Step 2. Estimation of retirement income needed<\/b><span style=\"font-weight: 400;\"> &#8211; This step involves evaluating what our inflation adjusted expenses could be post retirement, which will ultimately define the quality of life we will have. So it\u2019s critical to think through this step thoroughly. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9751783 elementor-widget elementor-widget-text-editor\" data-id=\"9751783\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Step 3. Calculating the retirement corpus needed<\/b><span style=\"font-weight: 400;\"> &#8211; With steps 1 and 2 completed, we can now reverse calculate the size of the war chest we need at the point of retirement.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b23e334 elementor-widget elementor-widget-text-editor\" data-id=\"b23e334\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Step 4. Creating saving and investing plans <\/b><span style=\"font-weight: 400;\">&#8211; This is a systematic plan that needs to be formulated to realise the retirement corpus in the timeframe that we have determined in step 1.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78e390d elementor-widget elementor-widget-text-editor\" data-id=\"78e390d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Step 5. Putting it in action <\/b><span style=\"font-weight: 400;\">&#8211; Now that your plan is ready, put it to work and watch it grow over the years!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-74f8760\" data-id=\"74f8760\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1844551 elementor-widget elementor-widget-image\" data-id=\"1844551\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"402\" height=\"603\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image2.png\" class=\"attachment-large size-large wp-image-1731\" alt=\"Retirement Planning Steps\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image2.png 402w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image2-200x300.png 200w\" sizes=\"(max-width: 402px) 100vw, 402px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fae5ecf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fae5ecf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b9b530\" data-id=\"4b9b530\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-606c805 elementor-widget elementor-widget-heading\" data-id=\"606c805\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When should you start planning for retirement?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa649e9 elementor-widget elementor-widget-text-editor\" data-id=\"fa649e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To a 25 year old fresh graduate who has just started working, retirement seems very far away! So they work hard, earn, save, fulfill their near term obligations and start thinking about retirement only when they are nearing the actual retirement age. This is exactly where many of us miss out.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-128e1f4 elementor-widget elementor-widget-text-editor\" data-id=\"128e1f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Let\u2019s review this using a hypothetical situation of two friends who have different approaches to retirement planning. The end goal for both is to achieve a retirement corpus of <strong>Rs 10 Crore<\/strong> by age 65 (assumed rate of return is 12%).<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Raj decides to focus on his near term obligations first and pushes retirement planning all the way to age 50.\u00a0<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">He needs to invest <strong>Rs 2,00,000<\/strong> per month until retirement.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">His total invested amount comes to <strong>Rs 3,84,00,000<\/strong>.<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Priya decides to start early at age 25 by setting aside a small amount monthly for retirement.<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">She needs to invest <strong>Rs 10,000<\/strong> per month until retirement.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Her total invested amount comes to <strong>Rs 49,20,000<\/strong>.<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01ef6dd elementor-widget elementor-widget-text-editor\" data-id=\"01ef6dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Priya got to her goal of Rs 10 crores by investing only about 13% of what Raj invested! Her monthly commitment was merely 5% of what Raj\u2019s commitment was! This is the magic of <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/compound-interest-make-this-powerful-force-your-friend\/\"><span style=\"font-weight: 400;\">compound interest<\/span><\/a><span style=\"font-weight: 400;\">. So next time you think you are \u2018too young\u2019 to plan for retirement, think about whether you want to secure your retirement without putting a dent into your income like Priya, or whether you want to put it off like Raj and risk not just a significantly higher cash outlay but a potential risk of not being able to meet your retirement goals at all should your income be impacted at a later stage in life. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e856cdf elementor-widget elementor-widget-image\" data-id=\"e856cdf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"956\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1-1024x956.png\" class=\"attachment-large size-large wp-image-1732\" alt=\"Start planning your retirement early\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1-1024x956.png 1024w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1-300x280.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1-768x717.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1-1536x1434.png 1536w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image1.png 1796w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec0b726 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec0b726\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-00cad10\" data-id=\"00cad10\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ab691c elementor-widget elementor-widget-heading\" data-id=\"0ab691c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a73d155 elementor-widget elementor-widget-text-editor\" data-id=\"a73d155\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Retirement planning is an indispensable part of financial planning, one that consists of multiple steps to be undertaken throughout the course of your working years. The earlier you start, the better it is for you. <\/span><span style=\"font-weight: 400;\">Effective and timely planning is the key to achieving financial freedom in life.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8657a2 elementor-widget elementor-widget-text-editor\" data-id=\"b8657a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Each of the steps for financial planning shared above require some degree of thought, analysis and decision making. We are coming up with smart tools to assist you in this journey to ensure you have a successful retirement. Stay tuned!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Retirement planning is the freedom to do what you please, be it not working, travelling the world, starting a business or anything else you dream of, without having to worry about your day to day sustenance. The steps to retirement planning involve setting a target age, estimating income needed, calculating the size of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[33,5],"tags":[],"class_list":["post-1729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance","category-investments"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png",619,375,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3-300x182.png",300,182,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png",619,375,false],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png",619,375,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png",619,375,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/09\/image3.png",619,375,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":25,"uagb_excerpt":"Key Takeaways Retirement planning is the freedom to do what you please, be it not working, travelling the world, starting a business or anything else you dream of, without having to worry about your day to day sustenance. The steps to retirement planning involve setting a target age, estimating income needed, calculating the size of&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1729"}],"version-history":[{"count":8,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1729\/revisions"}],"predecessor-version":[{"id":1741,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1729\/revisions\/1741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1730"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}