Spreading fragrance of Life

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Good things Shared by : Uday V. Antani & Chinmay U. Antani goodthings.antani@gmail.com 96620 51237

Retirement planning A case study

A case study elderly couple worth reading.

To all our fellow retired senior citizen friends for their evaluation and planning their future. May be there are many cases things
are totally different and fortunate. However those with reasonable health are the luckiest persons and the most blessed
exceptional.

As we were returning from Goa last month, we happened to share our bench with an elderly couple who had just crossed
seventy. Husband has retired from senior level position in Central Government. The wife has retired as steno typist from one of
the respected names in private sector after forty years long service. While sharing general topics, inadvertently we touched my
favorite topic of retirement planning.

Here are some of the gems that I picked up from uncle:

1) Do not dream on behalf of your children.
They have their own dreams and aspirations.
Parents job is only to fund education.
2) The generation to generation view of life changes drastically.
Learn to take it cool.
3) Do not over invest in real estate. The children are too busy to maintain property which is outside their place of work. This
couple in their seventies visits Goa every month to maintain their second home.
4) Land purchased by the couple has been encroached with only a third portion of it in their possession. Children do not have
inclination to fight it out in court. Children are highly educated and well placed in life. With their spouses also working, no one is
interested in assets owned by parents.
5) Cash invested in some form which gives regular interest
or is easily encashable is most important than anything else.
The uncle gets monthly pension of Rs. 35000 and
yet even one monthly pension is delayed, they get jitters.
6) Major investments of family are in real estate and Gold.
Both they are not able to sell.
7) Medi claim was ignored when the health was perfect. Now both partners had to undergo surgeries where a total of Rs. 8 Lacs
has gone from savings.
His parting message
My son, Cash is very important. Invest in asset which gives you regular income and easy liquidity. Also take very good care of
your health.

Good health plus Good Cash is Happy Retirement.