7 Reasons why NPS is one of the best Retirement Investment Plans

0. What is the fuss?

Retirement is a vague, distant financial goal that looms with certainty over us all. As we enter our 30s, it starts becoming more real and tangible.

With job uncertainty, automation and AI partially replacing mundane skills and reducing the lifespan of hard skills make retirement planning all the more essential. You may never know if the job market will make you irrelevant sooner rather than later.

In addition to this are advances in medical science and advanced healthcare. On the outside, this is a more than welcome development. On the other hand, it means the average lifespan will keep on increasing.

At the time of India’s Independence in 1947, the average Indian’s lifespan was 37 years. As of this writing, in 2024, the average Indian's lifespan is 71 years, and it is rising.

What does the increasing lifespan mean? Well, if the average retirement age is 60, you would have to plan for at least 11 years of retirement. And if you are in your 30s now and have 30 more years to retire, the average lifespan in India may well cross 80 by the time you retire, in sync with the lifespan of developed Asian countries such as Japan and South Korea. This means you have to plan for 20+ full years of retirement…