"The challenge in retirement is whether money will outlive us or we outlive the money." - Swarup Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India)
Your chance to hear him talk at India’s 1st Retirement Planning Expo.
Register to attend: https://retirement.outlookindia.com/forty-after-forty
#Retirement #RetirementPlans #CelebrateRetirement #40After40 #OutlookMoney40After40
Your chance to hear him talk at India’s 1st Retirement Planning Expo.
Register to attend: https://retirement.outlookindia.com/forty-after-forty
#Retirement #RetirementPlans #CelebrateRetirement #40After40 #OutlookMoney40After40
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NewsTranscript
00:00 There are various factors which affect the need for retirement, but I would like to highlight
00:14 a few.
00:15 The first one of course is life expectancy.
00:18 In the last 20 years, who has pointed out that life expectancy has moved from 62 to
00:24 71 and it is expected to grow further as we live.
00:27 The second one is a very important part of all financial planning which is inflation.
00:33 All of us should know that inflation creeps into our capital every day and hence having
00:38 a fix of the inflation adjusted retirement amount is very important for all of us.
00:44 There are other very important factors.
00:46 In India, especially lack of financial security or social security, the need for financial
00:52 freedom and the growing lifestyle inflation is something what one should keep in mind
00:59 while one prepares for retirement.
01:02 Hence it is very important for all of us to have a retirement sum in mind and that forms
01:07 the basis of retirement planning as we move towards it.
01:16 Thank you.
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01:31 Thank you.
01:31 [BLANK_AUDIO]