This year, when Moradabad-based Anil Jain and his wife Beena (both 73) visited their son Akshay (39), who works in Bengaluru, in October, the family planned a few outings nearby. The senior couple visit their son and his family once every year.
On their itinerary was visiting Shravanbela Gola, a Jain pilgrimage in the Hassan district of Karnataka on the first day, UB City Mall in Bengaluru the next day, and then go to Ooty, a famous hill station in Tamil Nadu, for a week the following day. But by the time they reached Ooty, the hectic schedule took a toll and worsened Anil’s persisting knee issue, which made walking difficult for him. He also fell ill and had to spend most of the time in the hotel itself.
The Jain family later realised that they should have made a more laidback plan, with ample time for rest and relaxation, and should have chosen a destination that was easier on the knees of the senior couple.
THE TRAVEL BUG
Travelling has become one of the top choices for the elderly. According to a recently published PGIM India Mutual Fund Retirement Readiness Survey 2023, travelling is one of the major goals of people (67 per cent) who have their retirement planning in place.
Over the years, seniors have become more adventurous. While earlier, their travel plans, especially in India, typically, included visiting friends and relatives in different cities, taking tours with family or travelling to pilgrimage destinations, things are now changing.
Esta historia es de la edición December 2023 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2023 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Here's How To Claim Tax Refund If You Missed The ITR Deadline
The Income-tax Act, 1961, allows the refund of any excess income tax deducted on your income beyond your actual tax liability.
26 Spiels You Should Not Fall For
We have a list of 26 traps that you should avoid in your journey to creating wealth
Unified Pension Scheme
The Union Cabinet approved the Unified Pension Scheme (UPS) on August 24, 2024, guaranteeing 50 per cent of the salary as assured pension for central government employees.
Unlocking Financial Freedom with Freedom SIP: A Beginner's Guide
Freedom SIP is the smartest way to finance your retirement because it allows you to ride the compounding rocket to build wealth, even by investing a small monthly sum.
Asset Allocation Strategy to Safeguard Against Market Fluctuations
Invest in different asset classes, such as equities, debt, gold, etc., so that if a particular segment doesn't perform in a given situation, others will come to the rescue.
The Role of Asset Allocation in Investing
A proper mix of asset allocation that aligns with investor's goals is key to the portfolio's long-term performance and reaching milestones.
Why Retirement Planning is Crucial in Life
Retirement planning is the key if you want a financially secure life in your sunset years.
IS SENIOR HOUSING FOR YOU?
Many seniors have taken refuge in senior living facilities in their twilight years as their children have moved abroad. While that may help them ward off boredom, they often come at a huge cost
WITH OR WITHOUT INDEXATION: WHEN DO HOMEOWNERS PAY LESS?
Calculating taxes under both methods-considering inflation and property appreciation-can yield a more precise result
Flexing Its Way Across Market Cycles
Very few funds meet investors' expectations of delivering superior returns across market cycles, and HDFC Flexi Cap Fund is one of them.