Let’s talk about something most of us avoid – Retirement Planning. The biggest risk today isn’t dying early; it’s living longer without financial security.
Most of us fear the idea of dying young. But, when it comes to retirement planning, the real risk lies in the opposite: Outliving your savings.
In India, where life expectancy has risen to 72 years (WHO, 2023) and healthcare costs are increasing at 10-12% annually, this isn’t just a problem—it’s a ticking time bomb.
Here’s why this should worry you:
📊 70% of Indians fear outliving their savings (Max Life Insurance, 2023).
📊 Only 25% of urban Indians have a formal retirement plan (PGIM India Mutual Fund, 2023).
📊 Inflation at 6-7% means the value of your money halves every 10-12 years.
Ask yourself:
✅ Will your savings last 20-30 years after retirement?
✅ Can you afford rising medical bills without compromising your lifestyle?
✅ Are you prepared to live independently in an era of nuclear families?
The truth is, most of us are unprepared. But here’s the good news—it’s never too late to start. Here’s how:
1️⃣ Start Early: Even a small SIP in equity or mutual funds can grow significantly over time.
2️⃣ Plan for Inflation: Ensure your investments outpace rising costs.
3️⃣ Secure Healthcare: Consider health insurance and critical illness plans.
4️⃣ Seek Advice: Consult a Personal finance professional to create a tailored retirement strategy.
Remember, retirement is not just an age — it’s a phase of life. A phase where you should have the freedom to live on your own terms, without financial stress.
The goal isn’t just to retire. It’s to retire well.
What’s your retirement plan? Share your thoughts below..
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.
