Plan

    Early retirement can backfire if lifestyle choices, spending habits and expectations are not aligned

    We spend a lot of time strategising how we must invest and grow our wealth. Perhaps paying equal attention to how we spend and whether we are able to modify our spending behaviours to align with our new situation is important.

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    Why life’s wisdom, experiences and not standard rules drive better money planning

    In the personal finance landscape, many businesses thrive on oversimplification. To the individual, however, it still remains a personal problem, to be solved in light of his unique situation, irrespective of how well the answers have been packaged and presented by an organised industry.

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    8 money mistakes that can ruin your retirement and how to avoid them

    Retirement needs careful financial planning. Even small mistakes can diminish savings. A withdrawal plan is crucial. Avoid locking funds in annuities. Equities should be part of the portfolio. Medical insurance is essential. Estate planning is important for seamless asset transition. Illiquid assets pose risks. Clear debts before retirement for financial stability.

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    Are you imparting wrong financial lessons to your children? Here's what you should rather do

    Indian parents often struggle to impart healthy financial habits to their children, sometimes unintentionally fostering negative behaviors. Experts suggest that inconsistencies between parental words and actions, frequent money-related arguments, and a reluctance to discuss finances openly can lead to anxiety and poor decision-making in kids. In such situations, you should take actions discussed in this article.

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    5 ways your retirement math can go wrong and what to do about it

    5 ways your retirement math can go wrong and what to do about it

    Today, retirement planning needs a revamp. Traditional methods that rely on forecasts often fail. Sequence-of-return risk can deplete savings. Dynam

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    I have a retirement corpus of Rs 65 lakh. How can I invest it for a regular income?

    I am retiring at 60 with a corpus of Rs 65 lakh, which includes my retirement benefits and other savings. My monthly household expenses are approximately Rs 35,000. How can I invest this amount to ensure a regular income?

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    Chasing life goal or just drifting away with the flow-Why identifying right goal is important?

    Many people follow societal expectations without ever questioning their true desires. This leads to them pursuing intermediate goals like buying a house, which may not necessarily bring lasting fulfillment. Discovering life goals, focused on societal contribution and personal growth, is essential. These goals provide purpose and direction, preventing a feeling of being lost. Understanding the difference leads to a meaningful life.

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    How to recover after suffering irretrievable financial losses and rebuild your wealth

    We know of businesses that failed and caused huge losses to promoters; we have heard of inheritance lost in a prolonged legal battle; we may have come across cases of severe credit card overuse eroding wealth; and we know of unfortunate losses from speculation and gambling.

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    Planning to live remote, amidst nature after retirement? Know all about the real cost of living that off-grid life

    If the idea is to shift to something simpler and aligned to nature, one must be bold and courageous to give up the conveniences of urban living. Before investing your retirement corpus in a preposition that can turn bad sooner than expected, allow others’ mistakes to offer some lessons for your benefit.

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    Future-proofing your sunset years: A guide to phased retirement

    Future-proofing your sunset years: A guide to phased retirement

    Viren Gupta, a lawyer, is contemplating retirement. He is assessing his financial readiness and future responsibilities. Rising life expectancy will

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    The Economic Times