My father was in AirForce. So after he retired he had a good pension and after his death my mother gets family pension. My mother is 64. The money she gets is sufficient. And she has never had to ask money from me. When she goes to visit her brothers and sisters, she travels by air or comfortably in air conditioned compartment in train. I don't have to buy a ticket for her. In fact, she insists in paying for the tickets herself. In other words, she is financially independent.
Being financially independent in old age is a good goal to shoot for.
When you retire, will you be financially independent?
Will you have a house - your house - to live in?
After you die will your wife be financially independent?
It doesn't matter what your age is today. But are you thinking about your old age?
Some day you will become old, won't you?
Time to prepare for this is now.
Sunday, July 12, 2009
Financial Independence
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Agreed Amitabh.A lot of us like to live in the moment and expect our children to support us once we are older.
ReplyDeleteIts wise to plan ahead and secure your future.
Gee
"Hi,
ReplyDeleteRetirement planning makes people self dependant in a very important period of life, so think that it’s necessary to have retirement plan. Here is an online tool which I would also like to recommend you which helps people to plan insurance according to their need & budget especially in retirement plans. It also helps you to calculate pension which you would gets after retirement.
Please check this out at http://www.simpleinsurance.co.in/"