Retirement Planning is an important exercise. However, many people do not take it seriously. This may be due to lack of knowledge, a lake of time or ignorance towards retirement planning. When I was in college my professor use to tell us one simple thing – Dying early is a big risk, so that living a long life is. (जल्दी मरना जितना बड़ा रिस्क है उतना ही बड़ा रिस्क है लम्बा जीना!) when everyone wants to live a long life […]
Recently when I was travelling in a train I heard an interesting conversation between two people about the importance of saving money and financial planning. They were from famous Gujarati communities called as Patel and Vaniya. I thought to share this interesting discussion for the benefit of all. It was Gujarati conversation I have translated it in English. So, let’s take a look at a conversation between two Gujarati’s Patel and Vaniya (Baniya). Financial Planning Real conversation Vaniya – Hi […]
Today everyone wants happy and healthy retirement life, but very few people do planning for the same. If you are one of them it’s time to do retirement planning. Please refer to our previous article to know how much money is required for your retirement. Once you come to know about requirement of your retirement fund it is time to work towards achieving same. Here is systematic way for retirement planning. Retirement Planning Step -1 Determine how much money you […]
Retirement planning is an essential task. Especially in countries like India where we don’t have any social or financial security scheme by government. Rising Inflation number, slow economic growth & mis-selling of financial products make this task even more complex and challenging. In this article, we will discuss about 7 must financial products for retirement planning. 7 Financial Products for Retirement Planning Equities Equity is one of the best financial products in terms of returns. Probably none of the financial […]
Retirement planning is mandatory today. Especially in countries like India where we don’t have any social security system in place. In India we see most of the people are worried about retirement and they want to continue their job/profession beyond 60 year age. Research reveals that 70% of individuals are unable to demonstrate financial readiness for retirement. Running out of money is serious worry which is bugging everyone. How much money do I need for Retirement? Simple question but yet […]