New Delhi, April 26 -- Financial experts are urging a rethink in a country where retirement planning often takes a backseat to short-term goals. In the first episode of"NPS Made Simple: Your Pension Partner for Life", Subhasis Ghosh, CEO of Kotak Pension Fund, sits down with Mint to explain why even 24-year-olds just entering the workforce should start planning for retirement-right now.

Q: Raj, 24, just landed his first big job. He's excited, but isn't retirement planning a little premature at that age?Not at all. That's the best time to start. The power of compounding works in your favor when you begin early. Investing Rs.1,000 a year can lead to a substantial retirement corpus over time. It's not about how much you save initially-it's ...