Retirement Financial Planning
The buying power of Rs One Crore today will be equivalent to roughly Rs 7 Lakhs only after 25 Years. And that too at just 8% Inflation
It also means that if your household expense is just 40k per month today, it will be equivalent to Rs 2 Lakhs per month i.e almost 25 Lakhs per annum! at the same inflation
An American study says that a whopping 65% of elderly people are dependent on Children or Charity for expenses during retirement!
So what can you Do?