The last leg of your financial life can be enriching if you have more time in hand to pursue the hobbies you put on hold, says Preeti Kulkarni.
Retirement is the time when you finally get to do all the things you said you were going to do, whether it’s catching up on reading or travelling or simply putting up your feet on a stool and doing nothing. Yes, all of this is possible if you have got it all planned right in the earlier stages of life. However, life is not that easy and things do not necessarily go as planned for many people. Yet, this is the stage in life when there is little room to navigate the retirement conundrum.
There are many in their 20s, who want to take an early retirement these days. They wish to stop working when they are 50 and some would like to advance that to 45 and even earlier. There is no harm in aiming for an early retirement as long as one realises that we are all going to be living long. Many of us are going to be living a much longer life in retirement simply because of medical advancement. We have said this in the past and are repeating it for those who may have missed out, when planning for an early retirement, one should keep in mind that we will be working lesser number of years but will need the money for much longer.
If one adds the conventional financial needs cycle of a house, car, providing for kids and saving for retirement—it is a big task to think of retiring early. Of course, you may be a lucky one to have setup a start-up, which got bought, leaving you with tons of money to actually live the dream retirement. Delhibased, Archana Dhawan Bajaj, 46, a gynaecologist and obstetrician is looking for a peaceful retired life four years from now and is working hard towards it.
On the retirement path
Denne historien er fra April 2017-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2017-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Stay Ahead Of AI-Powered Cyber Fraud
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant
Travelling To Europe? Pack In The Essential Covers
Smart travellers must know that insurance is a must-have. From essential health coverage to theft protection and trip interruptions, know what you need for a worry-free Europe trip
How To Spend Wisely This Year-End
We all spend during the year-end. But the trick is not to overspend or borrow, either from friends, or your own investment, to fund your indulgence. Maintaining balance is the key
Travel Now Pay Later (TNPL)
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
12 Books Devina Mehra Loved Reading In 2024
Listing books of her choice, among the ones she reads during the year, is ace investor Devina Mehra's favourite year-end activity. She says it's a daunting task to pick around 12 books from a list of 50.
Here's How To Avail Of Ayushman Bharat Yojana
Launched in 2018, the Ayushman Bharat Yojana aimed to provide health coverage to targeted benefi ciaries from the Socio-Economic Caste Census (SECC) 2011, based on deprivation and occupational criteria.
'Focus On The Business, Assess If You Want To Be A Partner For 10-20 Years'
Professor Sanjay Bakshi, a value investor, behavioural economist and adjunct professor at Flame University, Pune, gives his unique perspective on how to choose a stock, in an interview with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series. He also shares his learnings from role models Warren Buffett, Charlie Munger, Benjamin Graham and others, and how being a chartered accountant, economist, investor and teacher make him into what he is today. Edited excerpts from the interview
The New Trump Card For IT, Pharma
Donald Trump has been re-elected as the 47th President of the US after a gap of four years. Here's how it will affect the Indian markets and how it will benefit sectors such as IT, pharma, export-oriented sectors and others
European Sojourn
Tight on budget? Dump the popular European destinations for the little-known wonders that are equally attractive
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
