:lol: You always imagine ONLY oldies clad in rags and tatters live in senior homes! Hmmm............ Old age homes are full of seniors who saved all their lives and ended up in poverty at the end of life.
Savings alone without investing some is a recipe for old age poverty.
In an economy which is inflationary,with rupee depreciating at 3.4% average every year, what would be the savings worth after sixty?
Old age homes are full of seniors who saved all their lives and ended up in poverty at the end of life.
There is a small minority of seniors who are there due to affluent sons abroad maintaining them there.:lol: You always imagine ONLY oldies clad in rags and tatters live in senior homes! Hmmm..
It is difficult to change the POV of some people!!
Brahmins are brainy to become leaders of the village community and be part of panchayat institutions.
They will get called for leading the worship in all local temples.
Free air in villages with tension free life will increase lifespan of senior citizen.
We should increase risk as we age as we have less life to live and most have fulfilled their lifes responsibilities and nothing t much to lose except their lives.lol;
You must meet Ram's younger brother's wife!..... Free air in villages with tension free life will increase lifespan of senior citizen.
I have a close relative in rural tamilnadu.You must meet Ram's younger brother's wife!
She will narrate all the hardships she is facing in the village life; my b-i-l chose to live like his father, in the ancestral house!!
It is this fear of losing it all and becoming penniless that makes people hold on more to their money.Increase risk...?? that too at old age...??
Okay. There may be few to consider such a valuable suggestion...... increase risk... go for a gambling.....in the event of any eventuality.... don't blame anyone.
Just curse your own fate,,,relax and sing...Krishna Muguntha Murari...Jaya Krishna Muguntha Murarieeeeee...... lol
There are lot of seniors who, at the fag end of their life, in anticipation of flourishing gains invested their terminal benefits found ended up with disappointment.
It is their late realization after bitter experience with worst bears.
They now know pretty well that there is absolutely no guarantee for better returns but idle promises and a rosy picture.
These seniors, once bitten twice shy, feel they cannot afford to lose their hard earned savings especially based on dubious Financial Adviser's preaching.
It is this fear of losing it all and becoming penniless that makes people hold on more to their money.
Also many write themselves off at sixty itself and start moaning and groaning about ailments [non existent in many cases] and withdraw into shells.
Life has so much to offer.
In new india there are careers to be made even when we are in seventies and live well.
We can see what youngsters are upto and many are in start up mode.
We can see if we can change and try doing what they are doing just for fun.
We might enjoy it
Life has so much to offer.
It is this fear of losing it all and becoming penniless that makes people hold on more to their money.
Also many write themselves off at sixty itself and start moaning and groaning about ailments [non existent in many cases] and withdraw into shells.
Life has so much to offer.
In new india there are careers to be made even when we are in seventies and live well.
We can see what youngsters are upto and many are in start up mode.
We can see if we can change and try doing what they are doing just for fun.
We might enjoy it
I believe in 30% investment in equities to balance poor returns from very safe investments.The risk appetite normally decreases with age ...For a retired person, in case one is fully covered for all expenses, then the balance can be invested with a 50% allocation for risky investments..In case of a loss the person is not unduly affected as basic expenses are already covered