Deepak Mohanty, chairman of the Pension Fund Regulatory and Development Authority (PFRDA) delivered an insightful address at the third edition of Outlook Money’s 40After40 Retirement Expo, currently underway in Mumbai.<br /><br />He emphasised on the value of incorporating pension plans into individual savings strategies, saying they are a financial requirement rather than only an optional addition. Giving an example with a balanced Indian thali, he said, “A pension should be a part of every savings portfolio, just as essential ingredients are to a wholesome meal.”<br /><br />He spoke of the importance of early retirement planning, noting that pensions provide long-term financial security for individuals and their spouses, which is a vital factor in today’s socio-economic landscape.<br /><br />Read more: https://www.outlookmoney.com/retirement/forty-after-forty<br /><br />#OutlookMoney40after40
