Retirement Planning : For the Young at Heart
Retirement Planning ( Q&A)
Our plan for retirement tend to be very number oriented .
The endeavour is to optimize all the variables and arrive at an acceptable solution . The solution can be one or a combination of the following :
The final recommendation will have to be decided on a case to case basis based on the individual requirements. The same has to received at least once a year in absence of any major event . In case of any major event that will have a bearing on the plan the plan has to reviewed at the earliest after the event.
However one important unknown factor is the health related expenses .The need for keeping in good health cannot be overemphasized . When we look at the inflation in health related costs it is much higher than the overall inflation rate .
In India for instance the general Inflation is coming down supported by falling Oil prices health cost inflation continues to be at double digit levels .
So staying healthy by cultivating healthy habits can considerable reduce post retirement expenses . I point to ponder over . Send us your thoughts on this? How much is the medical costs you have budget for ?