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Mahesh Kumar Sarva, Lovely Professional University
Unit 10: Retirement Planning-II
Unit 10: Retirement Planning-II Notes
CONTENTS
Objectives
Introduction
10.1 Annuities and its Types
10.1.1 Meaning of Annuity
10.1.2 Benefits of Annuity
10.1.3 Annuity Consideration
10.1.4 Types of Annuities
10.2 Asset Allocation and Diversification
10.2.1 Asset Allocation
10.2.2 Importance of Diversification
10.2.3 Active vs. Passive Management
10.2.4 Troubleshooting
10.2.5 What If I’m Late Getting into the Game?
10.2.6 Your Home may be a Source of Funding for your Retirement
10.3 Mortgages and its Types
10.3.1 Meaning
10.3.2 Types of Mortgage
10.4 Summary
10.5 Keywords
10.6 Review Questions
10.7 Further Readings
Objectives
After studying this unit, you will be able to:
Describe the various investment options available for retirement planning;
Learn about the annuities and their types;
Know about the concept of asset allocation and diversification;
Understand the concept of mortgages and its types.
Introduction
In the last unit you have learnt about retirement planning basics and what is the significance of
retirement planning in one’s life. In this unit you will learn about some more crucial steps of
retirement planning.
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