Tips for a retired life without the baggage of anxiety

Today’s changing socio-economic fabric coupled with a growing need for independent lifestyle among the young has left the older generation to fend for itself. Being economically

Keep an eye on the inflation rate. What you deem as sufficient today, ten years post retirement you may feel a severe money crunch. See that your pension plans, annuities and investment portfolio beat inflation at least to a reasonable extent.

• Save more and save early for a comfortable retirement life. Investments with long term goals will protect your wealth.

• Also, see that you and your spouse are enrolled in good healthcare plans. Hospitalisation and medical expenses are single most expensive drains out of your pocket.

• Adopt a disciplined approach towards long term investment goals and wealth accumulation plans that you have chalked out. This may mean setting aside some money every month in mutual funds and so on. Hence, reducing your spending capacity and moderating your current lavish lifestyle. However, stick to your plan if you want a retired life without the baggage of anxiety.