While most of us get pension after retirement and are fairly comfortable with it, our children are not likely to be as fortunate if they're working in the corporate or have set up their own venture. Planning for retirement should always be one of the foremost financial goals that they should pursue right from starting their first earnings.
As per a survey conducted by HDFC Pension, only 20% per cent respondents felt that serious retirement planning should start before the age of 30 This proportion is higher amongst males, salaried, and higher income groups (more than Rs 20 lakh annual household income). The survey was conducted across tier I, II and III cities among 1801 citizens, of which 70% were salaried and 30% per cent were business owners.
'Business Standard' has done a story on this issue which was published yesterday, with some inputs from me. Do go through it - it might give some important insights for you and your family.
Remember, one can get a loan for anything but not for retirement living !!
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