MAM
Smart Retirement Planning: Good Retirement Plans to Consider Now
Retirement is a phase when you want to spend quality time with your family and pursue your long-due dreams. However, it requires financial stability as a conventional source of income is not available anymore. Considering this, planning your retirement is necessary. Unfortunately, many people do not plan their retirement, which may cause trouble in future. As you transition from the working years to retirement, financial security is essential. A Best retirement plan helps you live peacefully without worrying about your finances.
What is Retirement Planning
Retirement planning is about determining your future financial requirements and making the right choices today in order to fulfil those needs. Retirement planning means selecting good investments, saving every month, and making sure that your savings increase sufficiently to sustain you once you retire.
Planned retirement involves adopting a long-term strategy and starting early. Numerous individuals shy away from it, believing they have sufficient time. The sooner you begin, however, the greater your funds have the potential to grow with the compounding power.
Why Should You Start Planning for Retirement Now?
Starting your retirement planning early is essential for building a secure financial future. Here are a few reasons why it’s important to begin preparing for retirement as soon as possible:
● Security and Stability: A solid retirement plan provides a stable income once you stop working, allowing you to maintain your lifestyle and avoid financial stress.
● Medical Expenses: As you age, medical expenses tend to rise. A well-structured retirement plan ensures that you are prepared for any healthcare needs without draining your savings.
● Inflation Protection: Over time, inflation increases the cost of goods and services. Retirement plans that grow over time can help protect your savings against inflation.
Types of Retirement Plans to Consider
India offers several good retirement plans, each designed to suit different needs. Let’s look at the most popular ones:
Immediate Annuity Plans
Immediate annuity plans allow you to invest a lump sum amount, and in return, you receive regular payouts starting within a year. These plans are better suited for individuals who are close to retirement and need a guaranteed source of income.
The key benefit of immediate annuity plans is that they provide stable, predictable income throughout retirement. You don’t have to worry about managing investments or market fluctuations.
Deferred Annuity Plans
Unlike immediate annuity plans, deferred annuity plans allow the investor to decide when to start receiving annuity payouts. During the accumulation phase, the subscriber makes regular contributions that grow over time. After retirement, these contributions are converted into a stream of income.
This plan is ideal for individuals who are still a few years away from retirement and want their savings to grow before they begin receiving payouts. The flexibility of deferred annuity plans is appealing to those who want to plan for long-term financial security.
Senior Citizen Savings Scheme (SCSS)
The Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed for people aged 60 and above. It offers regular quarterly interest payouts, making it a popular option for seniors who need consistent income after retirement.
This scheme offers tax benefits and has a minimum investment of ₹1,000, with a maximum of ₹15 lakh. The current interest rate is 8.2% per annum, which is paid quarterly. The initial tenure is five years, with an option for extension for another three years.
National Pension System (NPS)
The National Pension System (NPS) is a government-supported retirement plan available for anyone between the ages of 18 and 70. NPS allows you to invest in market-linked instruments such as equities, bonds, and government securities.
NPS offers tax benefits up to ₹2 lakh a year and provides the flexibility to manage your investments based on your risk appetite. NPS is especially beneficial for individuals who are comfortable with market risks and looking for a retirement plan with higher growth potential.
Mutual Fund SIPs (Systematic Investment Plans)
Mutual funds are a popular choice for retirement planning, and the Systematic Investment Plan (SIP) is a great way to invest consistently in mutual funds. SIPs allow you to invest a fixed amount regularly, helping you build wealth over time.
By investing in a mix of equity, debt, or hybrid funds, you can create a diversified portfolio that grows as the market grows. SIPs are ideal for individuals with a long-term horizon who are looking for capital appreciation and tax benefits under Section 80C (only under the old tax regime).
Factors to Consider While Choosing a Retirement Plan
Choosing the right retirement plan is a crucial step towards securing your financial future. Here are a few factors to consider before selecting a retirement plan:
● Risk Tolerance: Some plans, like pension plans and NPS, offer low-risk, stable returns, while others, such as mutual funds and equities, involve higher risks but provide better growth potential. Choose a plan that aligns with your risk appetite.
● Flexibility: Consider whether the retirement plan offers flexibility in terms of contribution amounts, withdrawal options, and annuity payout schedules. Flexible plans allow you to adapt your strategy as your financial situation changes over time.
● Tax Benefits: Many retirement plans offer tax savings either at the time of contribution or when you withdraw funds. Ensure that your plan maximises tax efficiency and aligns with your tax goals.
● Retirement Age: Your retirement age will determine the type of plan that is suitable for you. If you are young and have many years to save, growth-oriented plans like SIPs or NPS are ideal.
However, if you’re nearing retirement, safer options like annuity plans or SCSS may be more appropriate.
When thinking about your options for retirement, also consider that there are life insurance products that provide retirement benefits. Most insurers, including Axis Max Life Insurance, provide solutions that allow clients to reap the benefits of life insurance while also comfortably retiring. Most retirement solutions will typically allow you, the client, to make contingent regular payments after you retire, thus financially securing you for your golden years.
Conclusion
Good retirement planning is an integral component of a comfortable and secure future. It is important to understand the multitude of options available to you and how your retirement plans will go depending on your individual financial situation, age, and risk tolerance. Though there are options such as pension plans, mutual funds, insurance policies, and government-backed schemes such as SCSS and NPS, you’ll have an easier chance of achieving the financial freedom of your dreams if you start early and save regularly.
When it comes to retirement, variations in retirement plans are all about, as well as your personal situation, and it is to your benefit to understand each plan and start building your retirement corpus for a future with less worry. The sooner you start, the more you could potentially generate wealth and provide you with the opportunity to spend your golden years in relaxation.
MAM
Never put a ceiling on yourself: Edstead CBO Charu Budhiraja’s bold advice to the next generation of women
Edstead’s CBO on trading the hard sell for human truth, and why ‘let the work do the talking’ is more than just a mantra
MUMBAI: There is a particular kind of storytelling that does not announce itself. It does not interrupt your evening with a jingle, or flash a logo at you every thirty seconds. It simply pulls you in, holds you there, and leaves you thinking long after the screen goes dark. Charu Budhiraja has spent over two decades figuring out how to make that happen, and she will tell you, with the ease of someone who has learned this the hard way, that the secret is disarmingly simple: be real.
As chief business officer at Edstead, a Mumbai-based purpose-first content studio, Budhiraja sits at the intersection of creative instinct and commercial strategy. It is a position she has built towards across a career that winds through Ogilvy, Endemol, and Warner Bros. Discovery, and one that has seen her make films for Unilever and PepsiCo, shepherd long-form documentary partnerships, and watch the entire language of branded content change around her. She has sat in rooms where the brief was to sell, and in rooms where the brief was to mean something. Her life’s work, in a sense, has been making the case that those two rooms are the same room.
Ask Budhiraja what two decades in the industry have actually taught her, and she does not reach for the expected answer about strategy or scale. She reaches for empathy. “Over the last two decades, one thing I’ve learnt clearly is that storytelling works best when it connects with real human insights,” she says. “As a woman leader, I believe empathy naturally becomes a stronger part of the process. It helps you listen more carefully to people, experiences, and emotions behind a story.” This, she argues, is not a personality trait dressed up as a professional skill. It is a craft advantage, one that shapes how you enter a story, what you choose to stay with, and how you decide what a brand should and should not say.
That perspective, she says, is what allows a narrative to feel both authentic and commercially purposeful at once. “When storytelling balances both human insight and brand intent, that’s when it truly resonates.” The balance sounds elegant in theory. Getting there, as anyone who has ever tried to align a marketing department with a documentary filmmaker will know, is rather less tidy in practice. But Budhiraja makes it sound like something you can actually plan for, which is perhaps the most useful thing about the way she thinks.
She sees this same quality reflected in how women leaders more broadly approach the documentary space. There is, she observes, a natural inclination among them to look beyond the surface of a story and into its emotional and social architecture. “This lens helps brands tell stories that are not only strategically relevant but also authentic and impactful,” she explains. “When purpose-led storytelling is rooted in real experiences and voices, the narrative aligns more organically with a brand’s larger values and purpose.” It is not that men cannot do this, she is too careful a thinker to make that argument. It is that women in leadership have often had more practice doing it, and that the results tend to show.
The story of how branded content got to where it is today is one Budhiraja has watched from the inside, and in some stretches helped to write. The early days of the format were campaign-driven and product-led. Films for brands like Unilever and PepsiCo were, by her own account, “creatively exciting” but built around a marketing message and measured in short cycles. The audience, in that model, was a target. The story was a vehicle. The logo was the destination.
That model has not aged well. “Audiences are far more aware and selective about what they watch,” Budhiraja says plainly. “They engage with content that feels meaningful rather than promotional.” The shift is not simply aesthetic. It reflects a deeper change in the relationship between audiences and the media they consume, one accelerated by streaming, by social platforms, and by a general collapse of patience for anything that feels like it is wasting your time. Brands that have not adapted to this are finding out the hard way that money spent on content people skip is not really money spent at all.
What has replaced the old model, at least in the work Edstead does, is something considerably more ambitious. “Research-led, purpose-driven documentaries and series allow brands to participate in larger conversations and tell stories that feel authentic, relevant, and culturally grounded,” Budhiraja explains. The word ‘participate’ is doing a lot of work in that sentence. Not dominate. Not sponsor. Participate. It implies a certain humility about where the brand sits in the story, and a willingness to let the story be bigger than the brand. That is, it turns out, exactly the point.
“It’s less about advertising and more about creating stories people genuinely want to engage with.”
At Edstead, the philosophy takes shape as a very specific way of working. Partnerships are built not around visibility or reach, but around shared purpose, and the process begins not with a client brief but with culture itself. “The process begins with identifying stories that already exist within culture and society, and then collaborating with brands whose values naturally align with those narratives,” Budhiraja explains. The idea is that a brand should never feel grafted onto a story. It should feel like it was always part of the landscape the story is set in.
Long-form storytelling is central to this. A documentary or a branded series gives a brand the room to breathe inside a narrative, to become part of it rather than an interruption of it. “We rely heavily on research and long-form storytelling formats, which allow brands to integrate into the narrative more organically rather than feeling like an add-on,” she says. “When a partnership is genuinely aligned with the story, it creates a far deeper connection with audiences while delivering meaningful value for the brand.”
Edstead’s role in all of this, as Budhiraja frames it, is that of a bridge. On one side sits brand intent, which arrives with commercial objectives, a communications strategy, and a board that wants to see results. On the other sits authentic storytelling, which arrives with a subject, a point of view, and an audience that can smell inauthenticity from the other side of a streaming platform. Bringing those two sides together without either losing its integrity is the studio’s founding proposition. “In many ways, our role is to bridge that gap between brand intent and authentic storytelling, ensuring that the narrative remains culturally relevant and impactful,” she says.
Making meaningful content is, of course, only half the challenge. The other half is making sure it actually reaches people. Edstead approaches this by designing content to travel from the outset, building stories that can move across platforms and formats and find different kinds of audiences along the way. “The idea is to create stories that are culturally relevant and emotionally engaging, so audiences feel invested in them,” Budhiraja says. “When a story connects on that level, it naturally sparks conversation.” That conversation is ultimately what converts emotional engagement into brand value. It cannot be bought. It can only be earned by getting the story right in the first place.
On the question of what authentic narrative does for a brand, Budhiraja is at her most direct, and her answer cuts through a good deal of industry noise in a single breath. Years of watching what sticks and what does not have given her a clear view on the matter, and it has very little to do with production values or the size of the media buy behind a campaign. “I can tell you with certainty that the content that stayed with people was never about the biggest budget or the most perfect execution. It was about truth,” she says. “When a brand has the courage to step back and let an authentic story lead, audiences feel it immediately. That shift from watching to feeling is what no media plan can engineer. It has to be earned. And in my experience, the only way to earn it is to be real.”
“That shift from watching to feeling is what no media plan can engineer. It has to be earned.”
Looking ahead, Budhiraja sees the trajectory of branded storytelling continuing to move away from the world of campaigns and into the world of culture. The most impactful branded content, she argues, is already indistinguishable from meaningful storytelling, and the gap between the two will only narrow further. “Branded storytelling today is moving beyond campaigns and entering the realm of culture,” she says. “The most impactful branded content doesn’t feel like marketing at all, it feels like meaningful storytelling.”
The implication for marketers is significant. The skills that built careers in traditional advertising are not the same skills that will build the next generation of brand stories. Budhiraja is direct about this shift. “Going forward, marketers will need to think more like creators and storytellers rather than traditional advertisers,” she says. “Purpose-led narratives, creative collaborations, and platform-native content will shape the future, especially as audiences expect more personalised and culturally relevant stories.” The industry, she suggests, is not quite there yet. But it is moving, and the direction is clear.
Budhiraja’s own journey through this industry has not been without friction. Across media networks, agencies, and now a purpose-first studio, she has encountered the quiet, persistent scepticism that can follow women into leadership roles, moments where being a woman meant being questioned more than the work warranted. She does not dramatise this, but she does not skip past it either. “There have definitely been moments where you feel questioned more because you are a woman,” she says. “Those experiences are not uncommon in leadership roles across industries.”
Her response has been consistent, and it is, characteristically, a storyteller’s response. Do not get louder. Get better. Let the work make the argument you cannot make in a meeting room. “Over time, I realised that the strongest response is not louder words but stronger work,” she says. “When a story connects and creates impact, it speaks for itself. My approach has always been simple: let the storytelling and your work do the talking.” It is advice she has lived by long enough that it no longer sounds like advice. It sounds like fact.
For the next generation of women trying to build careers at the intersection of creativity, strategy, and business growth in purpose-driven media, Budhiraja has a lot to say, and none of it is soft. She is not interested in offering comfort. She is interested in offering clarity. “Experiment relentlessly, and never let anyone, including yourself, put a ceiling on what you can do,” she begins. “Ask questions, and make sure they’re the right ones. Say yes to learning, say yes to adapting, and always learn beyond the boundaries of your current role, because the moment you stop, you limit yourself.”
The women who thrive at this intersection, she believes, are the ones who understand all three disciplines deeply and are not afraid to move fluidly between them. Specialism has its place, but it is versatility paired with conviction that builds careers with staying power. “The women who thrive at the intersection of creativity, strategy, and partnerships are the ones who understand all three deeply and aren’t afraid to move between them,” she says. Then she adds what is, perhaps, the most personal piece of counsel she offers: “And above everything: trust your instincts, hold your opinions, and own your perspective.”
It sounds simple. It is not. But then, most of the truest things about storytelling are like that. They look obvious from the outside and turn out, on closer inspection, to be the product of a great deal of practice, patience, and a willingness to keep asking whether the story you are telling is the one that actually needs to be told. Budhiraja has been asking that question for over two decades. The industry, catching up slowly but surely, is beginning to understand why it matters.






