CBSE WORKSHOP RETIREMENT PLANNING
On 18th February 2025, Rajhans Vidyalaya hosted a comprehensive Retirement Planning workshop by CBSE from 12 noon to 2 pm in their school premises, to educate the teachers on the importance of planning for their golden years. The goal of this retirement planning workshop was to empower teachers with the information needed to make decisions now to maximize their retirement income and live a fulfilling life after retirement. The trainers Ms. Jyoti Khandewal and Mr. Nalin Karn provided an engaging and interactive session allowing the teachers to ask questions and clarify doubts.
The trainers stressed the fact that one should calculate your living expenses, health care costs and other expenditures that you will need to support your retirement lifestyle. Planning needs to be done in accordance with your future needs and goals and the inflation rate. Rule 72 should be applied to get a rough idea of one’s monthly income requirement after retirement. The importance of starting to plan and save for retirement as early as possible was emphasized. For investors focused on sustainable, long-term growth, understanding and applying the principles of compounding can make a big difference.
Mrs. Jyoti talked about various retirement saving plans and the need to diversify investments to minimize risk and maximize returns. Mutual funds like Equity, Debt and Hybrid funds, SIP (Systematic Investment Plan), NPS, PPF, EPF etc. were the various investment plans that the teachers were made aware of during the workshop. One should periodically review and adjust your investment portfolio to maintain your desired asset allocation at retirement. Investment strategies like the Systematic Transfer Plan (STP) and Systematic Withdrawal Plan , were discussed during the workshop.
The workshop was a resounding success, providing teachers with the knowledge, tools and confidence to secure their retirement. The trainers
shared valuable insights and real-life examples to illustrate key concepts.