Women need to plan their finances to have a regular income in retirement3 min read 04 Mar 2020, 11:23 PM IST
Women tend to live longer than men, so they need to plan ahead to have a bigger retirement corpus in place
Madhumati comfortably retired last year. She is on track to meet all her financial goals and understands the expenses that come with old age
Bengaluru-based Madhumati, who doesn’t use her second name, retired in April last year but has none of the financial challenges that women typically face. The 60-year-old doctor, who was with state-funded Kidwai Memorial Institute of Oncology, Bengaluru, is a specialist in blood cancer, and private hospitals are chasing her to work with them even after retirement. She also gets a pension from her government job. Being a doctor, she understands the healthcare-related expenses that she and her husband would need to bear in their senior years.
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