Many people who are born in the 1920s, 30s, 40s….and are now in the twilight of their lives, have lived frugally. As these are the people who saw the British Raj, the second world war, rations, as well as the 97% Income Tax..they treat every bit of money as precious. Not to say that money […]
First of all get the basics right…Retirement is expensive, EARN it only then will you deserve it. Even if you plan to retire at say 58…it is not too early to start planning for it when you are say 50 years of age. It is necessary to find something worthwhile to do. It cannot […]
10 Basic Retirement tips – long forgotten! You have heard them all, have you not? Start early, save regularly, investing in fluctuating assets like equity when you are young – then shift to bonds by the time you are 55…etc. However what use is this advice if you are 53 already? And suddenly it dawned […]
At the outset let me clarify – this post was not triggered by Aamir Khan’s Satyameva Jayate. I was told that the participants were nicely picked up from their homes, put up in a nice hotel, treated very well, given gifts – and they were overall very happy! Be that as it may, this […]
Most people who talk to me are worried about 3-4 things in Retirement. Nobody seems to be worried about death – death is perhaps welcome once their ‘responsibilities’ are over. What worries them about retirement: a) Will we out live our corpus: apart from usage assets (assets that are held for usage, not appreciation or […]
A few days ago I did a post saying you need Rs. 3 crores (allocated among 3 asset classes equally) – most people reacted saying ‘this is too much’. Let us take an example. If you were to go from your house to office (a journey that you undertake every working day) and you needed […]
Women need to plan for their retirement more than men need to – because they work for a lesser period and live longer. However they do have some major obstacles towards achieving this goal: 1. They study less: Academically women do better, but even in communities where education is important girls are NOT encouraged […]