Expert Zone

Straight from the Specialists

Lack of retirement planning options

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Unlike people in developed nations such as the U.S. and Europe, people in India are known for their conservative habit of saving. The need for regular income after retirement is a concern that haunts most Indians.

It goes without saying that banks and financial institutions should be designing products to tap this huge market. And yet the real situation is quite the opposite; there is a shortage of pension plans in India and those wanting to generate a retirement corpus have to depend on LIC.

We are also seeing young India investing heavily in home purchases. While this is very good from the asset build-up perspective, it should not come at the cost of the large corpus needed to provide liquidity on retirement.

Road to stress-free retirement years

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Retirement is not the end of the road; it is the beginning of yet another fabulous journey. After all the gruelling years of hard work, a calm and stress-free retirement is the best reward one can get. So how do we ensure we spend our sunset years without worrying about any liquidity crunch? Here is an overview to help you live life on your own terms after retirement.

How to age gracefully

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

The title of this article may appear an oxymoron to a first-time reader. How can old age be associated with grace? No one likes to grow old and eventually die, despite this being an irreversible universal truth.

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