Dr. Vikas Mahatme
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Phone
21430410
23724788
Address
16 Central Excise Colony, Ring Road, Nagpur, Maharashtra – 440015.
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Take control of your retirement with our tailored private pension plans. Reach out to us now to secure your financial future
FAQ
Frequently Asked Questions
What is a pension plan?
A pension plan is a retirement savings vehicle that helps individuals save money over their working years to provide financial support during retirement.
How does a pension plan work?
Pension plans work by having individuals or employers contribute money into a fund during the individual’s working years. This fund grows over time and is then used to provide regular payments to the retiree during their retirement years.
What are the types of pension plans available?
There are two main types of pension plans: Defined Benefit (DB) and Defined Contribution (DC). DB plans promise a specific amount of benefit upon retirement, while DC plans depend on the contributions made and the investment performance.
How much should I contribute to my pension plan?
The contribution amount depends on factors such as your age, income, and retirement goals. Many experts recommend contributing a percentage of your income, typically between 10% and 15%.