One reader (SR) sent me some details like age etc. and asked me “Can I Retire, my age is 41 years”. Answers like ‘yes’ or ‘no’ is perhaps very easy to give. Completely irresponsible too. Let me explain. If I were a doctor and a 41 year old man came and said ‘this is my […]
Yes Subra, I agree with you I need X amount for retirement, after all you may end up spending a fortune on medical expenses during retirement ——-Most people tell me this. Wrong. You may or may not spend much on medical expenses (hey I am not saying you do not need medical insurance). I am […]
What is so scary about retirement? The big worry that you will run out of money before you die. Rather you OUTLIVING your money. Is it a fear? I think it is a nightmare especially for those who do not have assets which they are NOT USING, children not doing well, and those women who […]
The amount of time that this country spends on cricket is huge. I am saying this at a time when I consider cricket a complete waste of time – this after having spent hours on end watching cricket till about 1999-2000. What are my learning from cricket? 1. For those of us brought up on […]
One day when you are 40, your wife will scream at you saying ‘You have done NOTHING’ for our old age….. So you will feel guilty and continue to watch TV….but there will be no action…. Then one day at lunch your colleague will tell you …’hey you know what I just bought a pension […]
Here are some more things which people tell you regarding retirement. Here I am bashing them as wrong. It may have been right a few years ago…no longer true. 1. Your debt and equity asset allocation should be based on the 100-age rule: So if you are 70 years old, it should be 100-70 should […]
Some retirement advice was not bad to give even 20 years ago. People retired at 58 and promptly died at 65. Their PF and gratuity lasted till they did, and then it did not matter. Now chances are you will lose your job at 55, not have a pension, and live till age 90. So […]