In India, there’s one financial goal that’s rarely discussed – “Supporting your parents in their old age.”
Not every parent needs it. Some have pensions, savings or even better retirement planning than we do.
But in many families, it becomes something children quietly and gradually take on.
No formal conversation. No roadmap. Just… absorbed.
Not because anyone asked.
Just because that’s how we’re raised.
And by the time it becomes real:
→ A hospital visit
→ A gap in monthly expenses
→ A sudden need for long-term care
You’re reacting, not prepared.
The challenge is, it’s not treated like other financial goals:
❌ No target number
❌ No fixed timeline
❌ No clear milestones
But when it does show up, it can shift everything; Your savings, your priorities, your mental bandwidth.
If you’re in your 30s or 40s, here’s what I often encourage people to consider:
✅ Acknowledge the possibility, even if it’s just a contingency
✅ Have the conversation early about health, insurance, expectations
✅ Build a buffer — not out of fear, but foresight
✅ Balance care with clarity — supporting them shouldn’t mean neglecting your own future
This isn’t about assuming dependency.
It’s about preparing for the unknown with empathy and respect.
They may never need your help.
But if they do, you’ll be ready.
Not just with good intentions, but with a plan.
Planning isn’t pessimism.
It’s quiet respect.
💬 Is this something you’ve started planning for? Or something your family has talked about?
If you’re thinking about this and unsure where to begin, We at Goalchi Capital help clients approach it with sensitivity and structure.
Feel free to reach out if you’d like to explore this further.
Vikas Sharma, CFP®, is a first-generation purpose-driven entrepreneur with over 19 years of experience in financial services, personal finance, and the advisory space. He is a Certified Financial Planner, an IIM Calcutta Executive Alumni, and holds an MBA in Finance and a Postgraduate qualification in Financial Planning.
Currently, Vikas is the Co-Founder & CEO of The Logical Advisor (TLA Academy Pvt. Ltd.) and Goalchi Capital Solutions LLP, where he integrates life, purpose, values, and money to create meaningful financial journeys.
He has worked with a leading Asset Management Company, mentored 1,500+ IFAs and Relationship Managers across India, and educated 10,000+ investors through Financial Wellness programs. His work has consistently focused on reshaping advisor and investor behaviour to enable sustainable success.
Vikas also coaches and mentors financial advisors nationwide, helping them build purposeful and successful careers.
