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Off Topic : 1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
2) How much and which schemes to invest to mitigate the risk?
3) How much do we need for retirement? Tata Consultancy Infosys Mindtree IBM Wipro Capgemini Cognizant HCL Technologies
How do you effectively plan for retirement?
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What does your current financial situation look like? Do you have an emergency fund and all tax-advantaged accounts maxed out? Any high interest debt or big purchases coming up? I would not start the things you've mentioned until those are covered.
If you've taken care of the above, I'd put the majority into an index fund like VTI, with a smaller portion into crypto (mainly BTC and ETH). Feel free to DM if you need a referral to coinbase or voyager and we both get some free BTC. Crypto is a very volatile space so I wouldn't recommend tossing all your money into it. As for stocks, you can choose some if you like, but I'd encourage you to start with index funds and read up on how many people beat the market in the long run.