Don’t fret. Start saving early and park your money in inflation-beating investments
I recently had an encounter on Facebook with Sudhakar, an angry young man who blamed his parents for not saving enough to tide over their retirement.
His father, he explained, had worked in the private sector and received no pension.
He had spent much of his savings during his working life on his children’s wedding and overseas education expenses. He was now wholly reliant on Sudhakar for support.
So, has Sudhakar learnt from his father’s experience and saved up enough for retirement?
“Yes, I will have a ₹1 crore investment kitty by the time I retire,” said the 35-year old, confidently.
But the irony is that a ₹1 crore corpus is likely to leave Sudhakar just as short of money, when he retires, as his father is today.
