What is goal-based investing for retirement planning? 
Goal-based investing for retirement involves identifying specific financial objectives and creating a tailored investment strategy to achieve those goals.
This approach emphasizes setting clear and measurable retirement goals to make informed investment decisions.
Advantages of goal-based investing include gaining clarity about financial needs, assessing risk tolerance for each goal, and ensuring flexibility in the investment strategy.
Key stages of goal-based investing include defining retirement goals, determining investment horizons, asset allocation and diversification, and regular monitoring and review.
Starting early and leveraging the power of compounding is crucial for long-term wealth creation and retirement planning.
Consider building a retirement portfolio with a mix of returns and debt management, taking into account the amount needed after retirement and available income for saving.
Goal-based investing offers a purpose-driven approach to retirement planning, increasing the likelihood of achieving desired retirement goals.
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