When is the right time to hang up your boots? Your parents being government employees never had to plan it. Retirement was something that happened to them inevitably. Times have changed. Today, you have more authority on deciding the course of your life. Let’s take a look at your life. You are in your 20’s or 30’s, you have a well-paying job and a lifestyle to match with. You work hard and play harder. Your prospects in life look bright and shiny. You are content and happy. And your plan is to retire in your fifties and go to the Bahamas once in a year, or walk your dog through the pristine beaches of Goa, or just sit at home catching up with all the reading you have missed over the years. Of course, you can do it but do you have a plan? The one that equips you to handle your financial requirements fittingly in the years when you’re just going to sit back and enjoy.
Our mother is our first and best teacher, we all know! They seem to know best about everything! Earning or not, we all think our mother is the best in family at financial management. Even though our father might have given us our first pocket money, it is our mother who taught us how to save and spend it wisely.
As a tribute to all the mothers of the world (did you forget it is Mother’s Day on 13th May?), we at SLA are celebrating their financial tutelage by listing out the best lessons from the pool of maternal money wisdom and sensibility. Continue reading
The average life span of Indians has increased considerably thanks to good health care and improved living conditions. It may sound like the ideal thing but it also means that they have long twilight years and possibly more than a decade or two where they will not be earning a living due to age and health. So it is but natural that unlike the previous generations, the current generations are more aware of the need to plan for their retirement years. They no longer consider their children as their retirement fund but instead prefer to plan and create enough funds to be able to have a good life long after retirement. Unfortunately most make a few basic mistakes which could lead to disastrous results. Continue reading
Wish you all a very happy 2017! Today standing in 2017 it feels like we celebrated beginning of 2016 just sometime back. Time flies.
By now you all must have taken your new-year resolutions for 2017. We do this every year because we have fresh 365 days ahead of us and we wish to make the most out of them. But have you ever thought what would be your resolutions for 10950 days (30 years almost). Continue reading
Plan for your retirement ahead of time to choose the life you want live during your gold years……Retirement is a beginning and not an end!!!! Now-a-days if we get a blessing from an elder – “jug-jug jiyo”, many often say “aashirwad dena ho toh yeh do ki sada khush raho, jyada ji ke kya karna hai”.
Can you imagine yourself living till the age of 100? This statement has two emotions – joy of living long and sadness of living too long. Yes, believe it or not, one of the biggest risks in our lives is going to be “risk of living too long”.