Q:I want to know how to plan for my retirement. I want to know is there SBI pension plan that is correct to buy.

Answer:It is never too early for starting a retirement plan. A good first step is to do a financial plan which can then guide you towards the preparation you will need to do for a retirement  plan.

Financial Planning is unique for each individual as it depends on his risk appetite, time horizon and the purpose for his investment. It also depends on his background and the amount of funds he has for investment. So, to do Financial Planning for yourself, don't follow what your neighbor or friend did, but get your financial health check done with a Financial Plan and discover your unique investment strategy to fulfill your goals. Click here to fill a profile and order a financial basic plan, retirement plan or other type of plan:

www.investmentyogi.com/cs/FinancialPlans/common/home.aspx

If you are looking for a traditional pension plan, you can choose between LIC's Jeevan Suraksha/Jeevan Dhara (depending on the benefits you prefer). Private insurance companies like HDFC SLIC and Max NY also have good traditional pension plans. If you are open to unit linked policies, then you can look at ICICI Pru Life Time Super Pension, Max New York Smart Invest Pension or Birla SL Freedom 58.

Warm Regards,
From Your Expert @ InvestmentYogi