A few years ago I wrote an article on this blog titled The Financial Planner's Role In Retirement Planning. It essentially laid out the role that financial planners play when helping individuals plan for retirement. Most of what I said in that article continues to remain true. But there have also been a number of pervasive changes in the ground realities within which today's individuals plan for retirement. Therefore it would only be fair to throw light on those changes. And

Retirement planning is the one financial goal that has the greatest number of unknowns attached to it. We have no way of knowing how long we will live, how much we would spend, what inflation would look like, the kind of return our portfolios would generate and what our income streams would look like post retirement. This is just the tip of the iceberg. And yet planning for retirement is the one goal that most of us tend to put off for the future. This is mostly true regardle

Leaving an inheritance for our loved ones is a common aspiration for most of us. But any inheritance brings with it a unique set of challenges. They crop up at every stage of creating, handing down and handling an inheritance. But we seldom recognise these challenges. As a result, most inheritances or any other form of generational wealth do not last long. Therefore it is important for us to recognise these challenges are. We also need to know how to tackle them. Only then ca

Most of us today realise the importance of creating wealth and passing it on effectively. But if there is one area where most of us are still severely lacking, it is that of talking to our families about our wealth openly. And this is even more true in the Indian context, where money management is almost always handled by a single member in the household. In most cases, our lawyers, chartered accountants and financial planners would know more about our wealth than our familie