homevideos Newspersonal finance News

'Women should start retirement planning the day they start earning'

videos | Oct 10, 2022 5:56 PM IST

'Women should start retirement planning the day they start earning'

Mini

In this episode of ‘Money Money Money’, the focus is on women and their finances. Priti Rathi Gupta, Founder of LXME, said that women should start retirement planning the day they start earning. Safety nets like emergency fund and health insurance should be created first

In this episode of Money Money Money, the focus is on women and their finances. How to plan specifically for certain life stages and equally important is how to navigate and negotiate your career.

Recommended Articles

View All

Speaking to CNBC-TV18, Priti Rathi Gupta, Founder of LXME, said that women should start retirement planning the day they start earning.
Gupta said, “Women, by the time they retire, actually tend to retire with a lesser corpus, because of the money choices that they have made. Typically women put money or their savings into asset classes, which are not beating inflation. Therefore, the growth of that money is not enough to sort of take them through retirement. So definitely, I think women need to look at their retirement planning far more aggressively and early on as soon as they start earning their money.”
She added, “The first thing we advise women is create an emergency fund, get your insurance in place, and then start building your retirement fund. Emergency funds and retirement fund are two very, very important financial goals that every woman should have and unfortunately, this is somewhere that women are really lagging behind.”
Watch video for more.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng