I am happy I got many responses in the comments page and others on wassup n twitter...we surely have a lot of thought going into retirement. Let us get the basics right. He needs Rs. 40k a month. Realizing more income than that is useless - he will have to pay income tax, unnecessarily.
Let us take the case of this very alert army man now 73 years of age. His wife is 71 years old, and are now wondering what next? Most of us want to die peacefully and not really live too long and suffer. Let us assume that these are their assets: House in a crowded.
When a person tries to set his/her financial life in order...there are 3 important documents that they should be able to put together: Balance Sheet Income and Expenditure statement Goal sheet Let us put it that way.
Investing in a roof that you can call your own and making a home out of it is one of the most important decisions in life you are called upon to take. Taking a loan to purchase your first property thus requires adequate research an mental preparation.
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