Thanks to Retire Rich – Invest Rs. 40 a day still selling and long past the 150,000 copies that it has sold..I am now considered an expert on retirement. These are some of the calls that I get: Is there a good Senior Citizens home in Navi Mumbai? How much does it really cost living […]
For the generation which is now ‘pushing the flowers’ the word retirement was clear. You worked till you were 60, retired and died at 68. You did not have to worry who would take care of you in your old age. They stayed in a joint family, some of them had an indexed pension, had […]
This is not very easy to answer, but let me try to answer this….. An agent makes much more money in selling you an endowment plan – and promising you tax free returns than in selling you a pension plan. However, all the commission is made in the accumulation phase. When an agent recommends an […]
The ancient Chinese military strategist, Sun Tzu, wrote, “Know your enemy” a few thousand years ago – surely before the birth of Christ! I would adapt it a little for today’s usage and say “Know your enemy and know yourself and you need not fear battles.” I have not read the Art of War recently, […]
Get the MONEY situation right. Have it checked by a professional. Get it rechecked if you want to. Calculate your net worth: In the Indian context I am assuming that you have repaid all your loans. So your net worth is just a list of all your assets. Ignore the one house in which you […]
This is not a post on ‘advantages of retiring early’ – that would be a different post. This is just that what are the reasons why you could or should retire early…. #1 You Can Afford it: This is a necessary, but NOT sufficient condition for retiring. If you cannot afford to retire, you cannot […]
There are a few reasons why you should NOT retire early..some positive some negative.. #1 You love your job. Like Sachin Tendulkar or Lara or Dravid. If you love your job – of being a doctor, surgeon, dentist, of being a wealth manager or being an IFA or an active fund management consultant. Why! even […]