Generally, the professional start the right time of the carrier phase in the future. The investment should have a long term is to start the save and investing for retirement. You can start as early in the power of compounding.
Take the advantage of tax savings other than investments. The contribution is to provident fund by self and employer, which required to cover a life insurance for self and family form in the major portion of 80C.
The non – investment tax savings will play a major role in tax planning. The repayment of an existing home loan, self contribution and employer to PF, life insurance, Children tuition fees, more than account of 1 lakh under the section of 80C. The interest repayment of home loan under section 24B and health insurance premium for the section 80D.
The peak earning phase of the professional could try to pay an existing debt and channelize income towards saving for retirement.
After the retirement, the capital protection should be the motto of the investments in the debt. Retired employees were looking for a timely pay out can consider in senior citizen schemes.