In India men & women are forced to retire at 58 years or 60 years, however abroad in many countries they decide when to retire between 65 to 70 years, professionals like doctors, lawyers etc etc never retire
Mr Maneshroy kindly understand in India if they retire at 58 or 60 they are given pension which can affect of Rd then to live in dignity for the rest of the is r lives .In U.S. they work till their Death because the Social Security which the govt gives them is not sufficient for them to live in their own country forcing them to look to live in other countries. Show the reality when quoting.
@@sunderj4774 Not every old person above 60 gets the pension. Think about Farmers, Private sector employees etc. Remember only Govt companies or central or state govt employees get pensions.
@@Thepunemh12 Respected Sir completely agreed.For the others the govt has started P.P.F. scheme or the National pension scheme.No govt anywhere in the world can afford to give pension to all the Citizens of even if it given abroad that is not sufficient to live in their own country also.
@@Thepunemh12in India farmers are already enjoying tax free incomes throughout their life.. Including filthy rich commissioning agents who pass themselves as 'farmers'.. For pvt company employees too there is a deduction for pension funds which is paid monthly later as pensions after retirement...
Very relevant information to this age group. This age groups generally would have got most savings through plots, golds, property for rental income, insurance & ULIP only, which were very expensive to compare with new options like NPS, MFs and PPFs extra....
In South Africa,citizens 50 yrs are driven out of the work place via retrenchment and outsourcing. Pensions benefits have to be cashed for daily survival. Find employment is fruitless and side kicks are over exhausted. We live by Gods Grace via frugality. After COVID ,pension fund companies seize to exist due to the meltdown. Now government is allowing working individuals to take 1/4 from their pension funds with tax deductions.
very well said ! You are doing great service to financial fool like myself who is heavily invested in real estate at age of 65 !! Height of foolishness !!
It all depends upon which city you live, your life style, medical issues of couple. For normal life, counting inflation at 6% to 8% is mandatory for goal. Also, nowadays, people with their experience can do consultancy, Administrative job which can still help for next 5 to 7 years.
Hi, are people over 75 years having interest income from FDs n savings account not required to file Income Tax returns? Do they have to submit any form at bank? Please could you provide some guidance. Thanks
Dr Sir, Plz can i hv a Financial Planner - his name, mob no n also his place of stay, who will b able 2 assist / guide me on my financial invest since i shall b retiring Nov 2025. He shd b a true n genuine person whi can guide me in all of jmmy invest, till d end times. I live in India. ❤nRgds,
