Financial Wellbeing: Retirement Corpus and Income Analyzer
Financial wellbeing is often the culprit behind the good or bad long term health concerns. Early planning can help relieve a lot of untoward stresses in life, and we hope that this tool may be of assistance. (**This is not financial advice)
WELLBEING
The Link Between Financial Stress and Health
In today's fast-paced and unpredictable world, financial wellbeing has become a crucial component affecting overall health and wellbeing. This can be a significant factor contributing to various health issues, like anxiety, depression, and even physical ailments. Research has proven that individuals experiencing financial strain are more likely to report adverse health outcomes. The anxiety induced by financial worries can lead to unhealthy coping mechanisms, such as excessive drinking, overeating, insomnia etc, resulting in a vicious cycle that impacts both mental and physical health.
Here are few important questions you should ask yourself?
When do I plan to retire?
What is the lifespan (age) that I envision planning for? - This is based on various aspects including current health (physical as well as mental), discipline towards maintaining your health and a lot more.
What is the corpus value I plan to build by retirement? OR How much do I anticipate to spend per month after retirement?
Anticipated investment returns in % - This varies by country and is based on the nature of your investments
Annual inflation in % - This varies by country and you may reference a historical average
