Is planning your retirement a relatively difficult task?
William Sharpe calls retirement planning the hardest problem in finance
A client writes as follows: 78 is a relatively young age to be dying. All things considered, it has been an OK life. Initially, being in one of the first few batches of IIM Calcutta. Then, running into Sangeeta for the first time, when I went to watch Sholay. And finally, together bringing up a child who is now independent. While the job as a chief finance officer (CFO) used to be very hectic, it helped us to support both our parents and also pay for Aishwarya’s MBA in the US. My main regret is that I now realize that we should had saved a little more money— ₹60 lakh may not be enough for Sangeeta’s expenses of ₹10 lakh a year including the rent in Mumbai. She is 73 and healthy, so she might live for another 10 or more years.