Well explained retirement plan for higher income bracket couples. There are many working couples which draw annual income of around Rs. 5 L. It will be helpful if similar articles are floated keeping this in mind. Nice article, anyways.
The income figures given in the retirement planning seems to exceed the US standard of living as compared to PPP. This mean considering Big Mac index, this income is equivalent to $90,000 US. Has Average Indian house hold salaries crossed US standards?? Will USA be interested now in outsourcing to India with these type of salaries?? I hope the rediff site will be beneficial for most if in future average analysis is given for average household income levels and not hyping it just by considering salaries of few handfuls who are enjoying the fruits of outsourcing.
I believe that such messages should start targetting an average Indian (and if possible an average Rediff reader). I am sure that a take home sal of Rs. 10,00,000 per household is not an average reflection of India and such people should ideally be expected to do their own planning. A better illustration should ideally show some one with Rs. 2.5 to 3.5 L earning to help larger masses.
Dear Rediff No wonder, I am hooked to your website. I think you guys are doing an excellent job. You are absolutely focussed on clients like me. I have recommended to so many friends about rediff. Infact I have become an ambassador of your website.
Dear Rediff, It would benefit a lot of middle class families like mine if you could provide advice on retirement plan stories/examples that we can relate to. For example, the story featured today is about a high-level income family. Many middle class Indians dont dream of earning and spending like described in the story. I must assure you that there are a lot of middle - class 'addicts' or 'fans' of rediff.com who will definitely endorse my statements. Can we expect some advice too because we too would like to receive professional help with regard to retirement plans. Thanks... Rakesh A
RE:Retirement plans
by G K Venkattaesh on Jan 03, 2007 03:26 PM
Dear Rediff, Yes it is true, still in India the majority of the population hope more than 75% of 1 Billion is still earns between 50 thousand to 2 lakh p.a. If any plan for them is given to improve their living conditions? Rich people know how to save, invest etc,. Hope you will post some article for the average middle income group of Indian people as well. What you gave is a story of only software professionals who earn more than needed, not all the whole indian job market. Thanking you and Best Regards, G K Venkat
Article is excellent!Illustrations used for explaining are good and made it simple to understand.Please keep on provind such articles on financial planning!
RE:excellent!
by Deepak on Jan 04, 2007 09:04 AM
I think Ms Kalyani is right, they must show for the poor ppl whose income is less then 500,000 per annumn.
I wonder if you have anything to say for those people whose income is pretty average. You are always talking about those people whose income is around 8-10 lacs in a year.
Oh...my friend those people whose income is so much, they know how to save where to save...so please concentrate for poor people...come up with some suggestion for ordinary people...
All the time 8 lacs...10 lacs...how many people are earning like that...be in ground reality.
RE:Save for retirement
by G K Venkattaesh on Jan 03, 2007 03:23 PM
Yes Mr. Mitra, You are absolutly correct. Indian middle class family is still earning 1 Lakh to 2.5 Lakh p.a. where the whole money is going for their living expenses. If rediff gives a savings plan for them, it will be helpful as they cannot afford to hire a professional financial planner to plan their investment. Thanks and Best Regards, G K Venkat
