I am 48 years old and plan to retire by 2030. My yearly expenses are around Rs 20 lakh including education of my two kids. Major future expenses will include: Rs 1-crore corpus for higher education and around Rs 30 lakh for the medical needs of my mother. My current investments include MF portfolio of Rs 2.5 crore with 90%...
The rise of nuclear families, increasing life expectancy, rising healthcare cost, and absence of public-funded old age healthcare has increased the financial insecurity among retirees. Another growing concern for retirees or those approaching their retirement is the debt burden arising from education loans availed for their children’s higher education, at least in the initial years of their children’s professional lives....
