Retirement plan starts with understanding current expenses adding to it inflation and projecting future expected expenses assuming no change in life style. This is the time when an individual has to generate enough cash inflow to meet day-to-day expense which were earlier managed by salary.
In India, Modern medicine has increased life expectancy by 47% over the past 50 years (source: UN Population fund report Apr-2019) So the question is: If you live longer than you think, will your Money last long enough?
