Saving is not a big deal for everyone. But managing savings is a big deal. The main reason for this is that whatever little or little is done in the management of savings in earning days, its direct effect is seen on the life after retirement. But even the most savvy investors often assume that if the entire savings are put in a safe asset class, then the life after retirement will be cut easily. But this is not possible, because your currency, the rising and falling value of the rupee, also keeps chipping your hard-earned money. In such a situation, you have only one option left, that the investment amount should be at least so that the income earned from it is able to meet the future needs, beating the inflation rate.

For your information, tell me that usually I answer many questions on the topic related to savings and investment. But the questions asked on retirement planning worry me the most. Mainly the questions which are about management of investment and earning income after retirement. In fact, when old people ask questions on income after retirement, I feel a kind of fear. The reason for this is that when you are young and earning, you can handle the mistakes related to saving with a little patience. If this happens, you may face some inconvenience.

Apart from this, it is sometimes difficult for senior citizens to avoid bad situations. One important reason for these problems is trust. The belief is that the most important thing in retirement saving is that the entire amount should be invested in a safe asset class. And this secured asset class must necessarily be one or the other type of fixed income deposit. But this is not true. Even for those who have large amount as savings, the major problem of retirement planning in India is to compensate for inflation. If the rate of inflation in India was two or three percent, then the problem would not have come. But the reality is that the dwindling purchasing power of the rupee is eating up our savings rapidly.

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