Retirement is a phase which everyone has to come across in life. It is a period in which the individual decides to be unemployed due to personal reasons or age. Hence it becomes very important for individuals to plan for their post retirement life in order to maintain a comfortable standard of living. Read more.....visit..investmentbazar
As on today after very 5 years the actual cost of living will increase by 5% . Cost per person for a mare living ( assuming u hv ur own house) is Rs 8000/month
If we consider a person with 2 kids with wife and who is going to retire in 15 yrs from now. and will say with his wife , kids sattled elesewhere.
Todays cost for the couple - Rs 16000 After 15 years cost of living will be 25% increase ie (16000 X 25%) 16000 = Rs20000
Yearly cash requirement = 20000 x 12 = Rs240000 Assuming interest rate of 7% that couple will need to deposit Rs 240000/0.07 = Rs 34.28 lac in the postal monthy income scheme.This will take care of his day to day needs
Re: Re: Hi
by prakash k on Apr 05, 2011 03:06 PM
2 wives you ca give breakfast 1 girlfriend you can give breakfast and lunch and for yourself a begging BOWL. Please remember with the combination you have , you will not be alive to think of retiremnt phase . Even if you happen to survive . please remember the three will not be with you , so don't worry plan retirement phase only for yourself( if you are going to be alive that long)
Nice article rediff .. thanks a ton .. have noted down some imp points .. and gonna make long term plans from now onwards .. will save prudently now .. so that i can go on a world / Europe trip after my retirment and have a jolly / cozy life after working for 35 strong years :-)
Re: Nice article .. need to be taken seriously
by prakash k on Apr 05, 2011 03:14 PM
Keep sufficient amount for yourself to meet the basic needs ( keeping in mind the rate of inflation), avoid going to places other than your own country , as you have a lot to explore in your own country . After meeting your basic needs ( including your medical insurance ) the surplus if any may be given to the more needy. With some good deeds , you may be in a position to sleep well which means you will continue to have good health and above all you will have a very peaceful end , which is more important than fooling around countries at the age of 60 ( Stress level will increase and you may end up dying in a foreign country). So live in your country , spend the money earned in this country for this country and quit the world peacefully by contributing to the growth of our economy.
Re: Nice article .. need to be taken seriously
by prakash k on Apr 05, 2011 03:14 PM
Keep sufficient amount for yourself to meet the basic needs ( keeping in mind the rate of inflation), avoid going to places other than your own country , as you have a lot to explore in your own country . After meeting your basic needs ( including your medical insurance ) the surplus if any may be given to the more needy. With some good deeds , you may be in a position to sleep well which means you will continue to have good health and above all you will have a very peaceful end , which is more important than fooling around countries at the age of 60 ( Stress level will increase and you may end up dying in a foreign country). So live in your country , spend the money earned in this country for this country and quit the world peacefully by contributing to the growth of our economy.
Re: Nice article .. need to be taken seriously
by prakash k on Apr 05, 2011 03:13 PM
Keep sufficient amount for yourself to meet the basic needs ( keeping in mind the rate of inflation), avoid going to places other than your own country , as you have a lot to explore in your own country . After meeting your basic needs ( including your medical insurance ) the surplus if any may be given to the more needy. With some good deeds , you may be in a position to sleep well which means you will continue to have good health and above all you will have a very peaceful end , which is more important than fooling around countries at the age of 60 ( Stress level will increase and you may end up dying in a foreign country). So live in your country , spend the money earned in this country for this country and quit the world peacefully by contributing to the growth of our economy.
Re: Nice article .. need to be taken seriously
by prakash k on Apr 05, 2011 03:13 PM
Keep sufficient amount for yourself to meet the basic needs ( keeping in mind the rate of inflation), avoid going to places other than your own country , as you have a lot to explore in your own country . After meeting your basic needs ( including your medical insurance ) the surplus if any may be given to the more needy. With some good deeds , you may be in a position to sleep well which means you will continue to have good health and above all you will have a very peaceful end , which is more important than fooling around countries at the age of 60 ( Stress level will increase and you may end up dying in a foreign country). So live in your country , spend the money earned in this country for this country and quit the world peacefully by contributing to the growth of our economy.
