Well there is no real Indian rule of 15, but I have just taken the American Rule of 25 and adapted to Indian conditions… What is the American Rule of 25? Well if you need an income of 100,000 a year and you are not worried too much about the rate of inflation POST RETIREMENT…then […]
Actually I am not sure whether this is a post on retirement or financial education. Or like a friend says all my posts are on financial education…. The financial services industry uses terms like financial planning, life insurance planning, retirement planning…..but the common man has found out that all thes are sales pitches, right? So […]
What a Retirement / Financial planner SHOULD tell his clients but will not. He will not because he thinks (perhaps rightly) that the client (You!!) do not have the maturity to understand the real meaning: 1. Sir to me the visibility of any retirement plan is just as clear as the iceberg was for the captain […]
I wanted to say ‘mera pension ka pitara’ – but decided that hamper is a better word. Hamper meaning a box of gifts as well as ‘what I did to hamper my pension accumulation’ – in both usages! Well I keep writing about pension – and have more or less been anti pension plan, EXCEPT […]
When people tell me Retirement Planning is simple, I tell them the following. Of course it is simple, all you have to do is the following: 1. Estimate how long you will live. 2. Did not start investing when you were 25, 30 or 35? Now you are 54 and worried? Simple save about 35% […]
Most people in service take their retirement planning too lightly and think there is nothing to worry. I hope so. I see 40-50-60 year olds still joke about retirement, and this I think comes from the following: 1. My parents never worried so much: Sure if they had 4-5 kids, their retirement was always Total […]
A man with a net worth of Rs. 30 crores. Brains intact, but obsessed with Yoga and fitness. Does yoga all day and NIGHT. Lost only son to a heart attack at an age of 76 (sons age). Wife died 13 years ago at an OLD AGE of 82. Daughter in law unable to look […]