15%
India’s retirement assets to GDP ratio, is well below that of the US (80%) and Japan (65%), but better than China’s (5.5%)
As you move through your 20s, 30s and 40s, caught up with jobs and families, it is very easy to put off your retirement planning. For most people, retirement planning usually comes at the end of all their financial goals. According to Sundeep Sikka, CEO, Reliance AMC, we still have an old mindset about planning our retirements. “The 30-30 rule of thumb says an individual earns for 30 years, to provide for the 30 years of post-retirement life, where the individual’s income would have stopped. Yet the need to maintain a similar life style exists,” says Sikka.
People usually start saving for retirement when they are nearing…
