What to Do When You Are Not Financially Prepared for Retirement?
When it comes to personal finances, your ability to take care of yourself in any stage of your life should be more than possible. This means that you should be able to fund yourself during your period of work life, and after that, during your retirement. In turn, retirement planning is one of the most important things to consider during your active salaried years. However, despite good intentions, you can find yourself totally unprepared for what’s in store in the future. For the majority of Indians, literacy of the financial variety has been nothing short of elusive. Some individuals only wake up to the shock of a lack of finances when they are on the brink of retirement, or worse still, in the throes of it.