I am asked this question everyday…. “how much money do I need as a corpus if I have to retire today?” well if you think you will live 30 years in retirement…you need about 40 times your annual expenses (at retirement age). So if your monthly expenses are about Rs. 75,000 per month when you […]
Thanks to being an author of a book on Retirement, this question is something that I HAVE TO TACKLE at least once a day if not more than once a day…. Well here is my take (and it is very different from what everybody else in the business has to say): 1. Employees Provident Fund […]
Did you realize that you grow old one day at a time, you grow fat one kilo at a time….it is all an SIP..similarly lifestyle creep also happens slowly. Over a long period of time (could be as small as say 4-5 years) when a person moves from a simple middle class guy/gal to a […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for retirement. […]
Are you in Denial mode regarding your retirement financial needs? I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least […]
Here are some responses: “I wish I had read this book 20 years ago” “The book lies on a table beside my bed…and it is exactly there..above my head” “Subra Sir..read 2 chapters not sure it is written for the common man…people like my parents will not understand it” – a 23 year old MBA […]
Funny how such a big organisation like the PF authorities do not need to do any mark to market but are ocassionally given some higher (tax free) interest credits. The other advantage is interest once credited, it cannot be taken back. If you have money put more in VPF has been my call (for those […]