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Retirement plans: 5 myths busted


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vaghri
retirement
by vaghri on Dec 06, 2005 06:27 PM

please note old days gone when father ran farm or business and sons take over and dad smoke huka at old age with no worry of food, time is changed .. u must save 10% above rate of inflaction. dal roty rs.10 now, then u save rs.20 for your old age.

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paresh shah
retirement
by paresh shah on Dec 06, 2005 09:37 AM  | Hide replies

Sir
i have study the fact & realality i am vey much worried about my life i am 45 years still i have no own house i have two kids one is in 12th std & 2 one is in 6th std my father & mother are living with us & they are in bed in future there is lot of problrm in my lfe saving is limited my wife is house wife i earn rs 21,000.00 per month
please help me how to save my life cureent & future



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vagh
RE:retirement
by vagh on Dec 06, 2005 06:55 PM
halo pareshji! to save for your retirement its very easy think and look back when u were young how your parents gave u all food,cloths,ect.u have 2 make some saving 4 your life only u can do it not your bank or your relative..cut down cinema,paw bhaji..expensive cloths.. go work walking..or by bus ..not taxi .. u can think all other ways of savings ..4 your old age .. people will laugh at u if u have 2 beg your children or relatives for food or medical needs.

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g
Scary....
by g on Dec 05, 2005 10:29 PM

Scary scenario....Does it apply to women too?

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Vivek Hattangadi
Retirement Plan
by Vivek Hattangadi on Dec 05, 2005 06:16 PM  | Hide replies

I am 56 today.

My message to all youngsters, whatever be your age, whatever be your income, keep 10% apart for your retirement plan.

Do not ever think that your children will look after you. Those days are gone. Give your best to your children, love them, but love your wife the most.

These are my tips to the youngsters.

Plan your retirement, now, today.

Vivek Hattangadi

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shiva
RE:Retirement Plan
by shiva on Dec 06, 2005 03:14 PM
sir,

thank you very much for your reply. shall invest 10% of earnings towards retirment than believing on children. shall love wife more than now..

many thanks for the message
shiva



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