And They Lived Happily Ever after
Not just in your early days of a married life
or in movies, you would hear or think of these sweet words, you got
to make things work in such a way that even after you retire, the
happy hours continue and you get the opportunity to cherish the memories of your past.
In addition to all your immediate needs like keeping yourself adequately insured, making provision for short-term contingencies, savings for your children’s education or marriage, keeping yourself and your family members insured from medical exigencies, there is one another important area that is generally given the last preference - Retirement. Many of us are even put off by the very thought of those retired years. After all, we all tend to keep reminding ourselves that I live for today. Some of the common excuses that we fall upon are - I’m too young to bother about it; My living expenses will be lower after I retire; My retirement assets are safer in fixed-income instruments; Inflation is under control, so I don’t need to consider it when planning for retirement or the most ubiquitous one - I can rely on my children.
In addition to all your immediate needs like keeping yourself adequately insured, making provision for short-term contingencies, savings for your children’s education or marriage, keeping yourself and your family members insured from medical exigencies, there is one another important area that is generally given the last preference - Retirement. Many of us are even put off by the very thought of those retired years. After all, we all tend to keep reminding ourselves that I live for today. Some of the common excuses that we fall upon are - I’m too young to bother about it; My living expenses will be lower after I retire; My retirement assets are safer in fixed-income instruments; Inflation is under control, so I don’t need to consider it when planning for retirement or the most ubiquitous one - I can rely on my children.