Retirement: what’s wrong? – Subramoney

Reading Time: 2 minutes

What went wrong with most Retirement Plans?

Well here is my guess. One big assumption is that you inherit NOTHING, and you pay NOTHING for your parent’s expenses. Or it is equal – so you do not get any headwind or tailwind.

  1. You earn from age 25 to age 55 years. This means you earn for 30 years. This money has to a) repay educational loans – incurred befroe you were 25, and last till 100. That’s tough.
  2. You were born at the wrong time – being born in 1980 was fine but by the time you started investing it was 2015 – the market was mature.
  3. You have taken a huge loan to buy a house in 2012 and last when you saw your home loan figure has not changed much. The 30 year loan is sucking up a lot of interest, and the #$%^ house has not appreciated.
  4. Average Return in Equities seems to be a joke – you have earned nothing near the average of “17% including dividends”. Well you choose good funds which had a good probability of beating the market, but no clue what happened.
  5. Chased returns – kept Rs. 7L in Punjab and Maharashtra Cooperative Bank…
  6. Life did not happen so well – one job loss meant earning less in the next job and has not recovered since then.
Also Read on FinMedium:  My takes on financial markets, economics and personal finance

What are you planning to do now?

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Source link

Every Wednesday and Saturday, we send Info-Graphic and FinMedium Weekly Digest newsletters to our 25000+ Subscribers.

Join Them Now!



As a professional trainer, Subra trains a lot of people – corporate employees, promoters, non-finance managers, fund managers, entrepreneurs, life insurance agents, journalists, PR agencies, and anyone who wants to learn. His style is simple – He tells stories of real people, real experiences, and breaks down complicated topics into easy to understand lessons.
Please Share :)