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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?
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I would say VPF as we are restricted to invest 1.5 L in 80C so it is not a large amount which we cannot afford to hold till retirement. We can consider this as a debt investment with reasonable return. And also in emergency we can withdraw it so that is also not an issue.
Why not PPF??
Oh yeah, good point!