Thanks to a book on retirement and many sundry articles on retirement planning….and people realizing (perhaps) my limited ability to talk on other topics….we do end up talking a lot about retirement. This is how they react…I have a little conveniently summarised them as follows: people in the 20s – ‘what are you talking about?’ […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
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 […]
Retirement Financial Planner: Retiring early is a great thing to aim for. Client reaction: Retiring early is a problem. Retiring at 52 will mean 45 years at home. This for my wife will mean more husband and less income! I have no hobbies, what do I do? Americans at least need to develop some hobbies […]
In every class on retirement planning one question which I always get a wrong answer is: “Will you buy big assets like house, car, etc. AFTER you retire?” It is met with an “obviously no. why do you even ask”. Well the obviously no is said and ‘why do you even ask is in the […]
Old age, death, retirement, are all very far away in life. Life is fun. You have just started earning, why should you start financial planning? And for heavens sake at the age of 23!? Well read on. Most 23 year olds are different. Most of them have financial needs that differ materially from those of […]