Are Indian Women Financially Prepared for Retirement?

By -

The problem is we think we have time - Buddha. 

This quote applies to every aspect of life. And especially to money. Like time, money too is a tricky commodity. If not handled properly, it slips away. As women, we put the needs of others ahead of our own. We forget the fact that women have longer life expectancies and in addition to taking care of our families, securing our financial future is also our duty. We sideline ourselves which puts our future at risk. Post 60s to be precise. We earn, spend and save but without paying attention to our post-retirement needs. It’s that time of life when expenses increase and money flow decreases. So, one should make hay while the sun shines - save and invest for retirement when the time is right. Start early, in fact, as soon as one starts working. Also, keep the following points in mind:

Plan your Own Retirement Account

Don’t postpone retirement planning. Start a retirement account early in life. Put as little or as much as you can afford. If you are in your 20s, start anywhere between 2% - 5% of your monthly income. Increase the percentage gradually as the age progresses. Continuity is the key here. I suggest keeping this amount as low as possible to do away with the temptation of withdrawing it. Investing this amount is a better idea. Don’t cash in the returns. Invest it again at the end of investment’s tenure. Treat it as your sacred retirement money not to be used under any circumstance. This is one sacrifice your older self will thank you for. Remember to increase this amount as your income increases.


Comments

Post a Comment

Bricks, brickbats, applause - say it in comments!

Popular posts from this blog

Rewind - September 2023

By -
 I wrote the following in September. Sometimes, I feel I will forget the art of writing couplets because I am not writing at all this year. I strongly believe you have to practice to hone your craft. And I am not doing that. Perhaps I schedule a time to write a poem. Or I need better time management skills. Date Published 09/05/2023 मुझे उसके जाने का इतना अफ़सोस नहीं हुआ  जितना इस बात का कि इतने सालों तक उसे रहने ही क्यों दिया  Love, Saru
Read more

I Am Not Alone

By -
Image
Last year blessed me, He walked silently into my life. It was Love, That took me in its stride. One evening we walked holding hands, Then, I told him what I felt in heart. He said we were one soul, Who were living in parts. To bring the parts together, We fought with the world and tied the knot. Being one soul, Gave life a whole new spot. Chirping birds, floating clouds, Nature conspired for us. Always swimming against the tide, Life was in an adrenaline rush. This year cursed me, He walked silently out of my life. It was Death, That took him in its stride.       Yesterday his soul was saying, Fearing memories will fade, he can’t move on. He will stay and admire me, Standing always by my side from dusk to dawn. Image Source - Here
Read more

यूँ दो चार घंटे के लिए नहीं

By -
Image
फ़ुर्सत में मिलना मुझसे यूँ दो चार घंटे के लिए नहीं  सिर्फ़ हाल चाल नहीं पूछना बातें करनी है तुमसे कई देखना है तुम्हें एक टक शिकवे करने है तुमसे कई हज़ार जब नाराज़ हुए थे तुम मुझसे और जब छेड़ा था मुझे बीच बाज़ार चवन्नी-अठन्नी सा ढोंग मत करना मान लेना मेरे हर कहे को सुबकियाँ से काम मत चलाना बेहने देना ग़र आँसू बेहे तो  सख़्त होने का दिखावा छोड़ आना नुक्कड़ वाले बनिये की दुकान पे सिद्दत से एक बार बोल देना  कि गलती होती है इंसान से तुम मुझे छोड़ गए उसका तुम्हें कभी अफ़सोस हुआ है क्या मैं नहीं तुमसे पूछूँगी  कि मेरे बाद मेरी तरह किसी को छुआ है क्या  ना मैं इस युग की मीरा हूँ  ना हो तुम मेरे घनश्याम बस इश्क़ है तुमसे बेपन्नह मुझे बाक़ी सब कुछ है मुझमें आम  तुम भी सोचते होगे ना  यह तीली सा इश्क़, ज्वालामुखी कब हुआ यूँ समझ लो तुम्हारे जाने के बाद तुम्हारे ख़याल ने दिन में 100 बार मुझे छुआ अब गणित में तो तुम अव्वल हो हिसाब लगा ही लोगे पर सोच के आना जनाब  पिछले 15 सालों का हिसाब कैसे दोगे  तो आना बस फ़ुरसत में  यूँ दो चार घंटे के लिए नहीं...
Read more