I had retired before and learned: Do Not tell other people you are going to retire or they will expect you to have all the time in the world to help them with all sorts of things. Keep it to yourself and your time will stay yours!
Sir this advise should be for any age parents not just retired parents. We paid for my son’s big wedding that took away a Hugh chunk of money. I wish someone would have told me that, that was a big mistake. I should have delayed the wedding till he started work and spilt the cost with him, then he would not have spent so much money. Sad part is now he doesn’t even keep in touch with us that much. The wife family is now his family we are out of the picture. you are so right when you said don’t get too emotional. Who ever is reading this please save all your money for when you are in financial need you won’t be able to turn to anyone.
sorry to read this Asha. But its still not too late, if you live frugally for few years, you will have enough money for some travel plans with your husband. Seemi from US
It's sad to read this . I hv had similar experience with my only son a Radiologist and his selected Radiologist wife. They never shared any money for their own marriage but wanted me to foot the bill, which I was emotionally foolish to foot. The son took money from me & when I asked him why, he refused to answer me as also his mother. He jascit off completely. It's very heartbreaking and sorrowful, but we hv accepted the reality. Feel blessed that we werecheated by a few lacs only and now are very CAREFUL NOT TO DEPEND ON HIM or his wife. God saved us from his and his future demands of money though they both earn in lacs. I hv learnt a lesson, so important and so has my wife. We are completely cut off from each other now, and are absolutely fine with it. Why they wBt parents to sponsor their marriage , their lifestyles just because they know we hv the money.they are in early 30s and should be ashamed S doctors todemand and loot money from aged parents, esp when they are so curt and ride with both of us. This phenomenon is prevailing in India now. I am from Mumbai and am 59
Never lend money to any one with out any Agreement and some assured moveable or immovable Property as a mortgage!! Because "You can not see the same smiling face while returning to borrowed money.!!" Thanks for the very useful ant and True Facts of Life.
Not only money, relationship, friendship, mental peace, family relations with other relatives get lost. Give any only as expecting NO repayment ok, like thinking for housing or child higher education 🙏
WELL SAID. I RETIRED AT 58 AND NOW 80 +; RETIRED AS SENIOR MANAGER VERY HAPPY TO SAY THAT AFTER RETIREMENT , I HAVE FOLLOWED MOST OF THE POINTS AS MENTIONED. MY FIRST EXPOSER TO YOUR CHANNEL. THANKS.
Sir, Your Cautious Advice is very important to the retirees. I am 66 years old retired from Railways. I had implemented what you said Except Exposure to Equity linked Funds. I am very Cautious about return of capital. I want to beat inflation by reducing Expenses and Investing 50% of my Income in 5 Yrs RD with an interest rate of 7.75%. I am not greedy and happy with moderate guaranteed returns and return of capital. Thank you.
I agree with u. Pl lock up your FD for more than 5 years . Reduce expenditure and present FD rate u can save some money. Equity may not be required at our age because it increases tension.
Very very useful advice. The pensioners should clearly understand that they should not invest in instruments which your spouse cannot manage after your demise. If he/she have no idea about mutual funds, shares etc. do no invest there. Always make joint deposits or with nomination in favour of your spouse, while investing. Making joint deposits is simple. If the nominee predeceases you, change the nomination as early as possible. This will save your legal heirs from unnecssary problems arising to obtain succession certificate etc. Next, don't lend money to get abnormal returns by way of interest, because this may put your old age life into trouble. It is also a reality that most of pensioners are either under graduates or graduates with no financial education who may fall prey to over smart people of the society. Always invest in Govt. schemes and scheduled banks (preferably public sector banks). Don't go for co-operative banks to avoid TDS and filing of IT returns.
I have extended family members who have not taken education loan for their son ! Result - they just don’t understand the importance of getting a job to pay that off , but just chilling after clearing studies . Please take education loan and let your children pay them back so there is a sense of responsibility to get a job and repay.
Great video. Character and spirituality after retirement is most important to save your assets that you have made. Excessive greed only is the sole cause to lose your hard earned money.
Very relevant and pertinent points. Some of which are never discussed but is very prevalent given the greed that is building up due to rampant materialistic pursuit.
Thank you so much for giving insight of an area where most people neglect and make uncomfortable and unpleasant during the last stage stage of the life. Your advices are very great an invaluable. God Bless you and your family.
Sir, watched this video carefully & with full attention. All 9 points highlited by you are worth noting by all age groups. Sharing to maximum youth. Thanks & regards.
Sir I am really stunned to listen your advice.What a clarity and depth of knowledge.I am fortunate enough being following all your guidelines without knowing the details of it.Definately I would like to take your professional advice in future.
Your advice especially on education of children is very true. I see parents sending their children to foreign universities with high tuition and living expenses. They are effectively bankrupting their own retirement as the kids will buy fancy cars etc and not support them later.
I am exceedingly overwhelmed on the excellent descriptions of high research meant for the senior citizens of India which are are absolutely right and highly rational without any iota of doubt or dispute .
This is the first time i have given thums up to someone. Because i myself was an insuarance advisor for metlife in qatar. And at age 63 tought, u have done an excellent job. JAI HIND.
Excellent video covering all the 9 points. One suggestion Health Insurance plan need to be taken to cover the risk of any accidental or Hospital bills .😊
Plan for retirement early. Act as if you will retire 5 years prior to actual retirement and you will be surprised what magic those last 60 ( 5 years) pay cheques can do
Thanks a lot.Very practical advice. Moreover, the comments given by a multitude of experienced citizens are eye opener. One real sad story: One of our neighbours retired from a steel making company. Post-retirement corpus was quite good. One of his two sons invested big amount from that retirement corpus into a business which failed within a year owing to inexperience and wrong decisions. That retired gentleman spent huge money on marriages of his two sons. Finally,,,, he died without treatment. His wife also suffered the same fate a few years later. Please, learn the bottom line.
Very good, nice , useful talk to retire people. We are already following, safe. Your all points are very useful. We will share to our friends n relatives. Thank you very much for your good work. May Almighty God bless you abundantly.
I go through this discussion attentively ! It's a very helpful sharing for all of us. I got advice from our ex-student of RKMV, who is working as a chief manager of a Bank and after watching your discussion I am satisfied ! Because your advices are same approach and on the same path. Thanks 🙏 for your service. ❤
Sir, I have retired from my service few months ago. The bank officer of SBI where my account is inforched has advised me about various schemes, but I am not satisfied with them, I am also not acquainted with benefit schemes. So I am in puzzling for utilizes the properly. My retired money is not a big one. Now I have in some problems like girls marriage, sons education, incomplete house etc. Pl. give me proper guidance for utilisation of my money so that I can't be repent in future.
The mistakes are explained ver well in easy and understandable format. The facts and emotional aspects to be handled appropriately to avoid getting into the traps. Thank you for curating the very crucial points
Sir, my humble pranams. I am unfortunate to listen this advise after my retirement. I did all mistakes you pointed out. But I am fortunate to tell my friends , how the should be, and not to commit mistakes I did. Thank you sir much for very stright forward, point blank advise. It will surely educate who are near to retirement. 👃👃👃
ONE OF THE VERY BEST ADVICE I HAVE EVER HEARD SO PERFECTLY PRESENTED EXTREMELY PRACTICAL TEACHING AND I HAVE SUBSCRIBED TO THIS CHANNEL THANK YOU VERY MUCH SIR AND HOPE TO HEAR FROM YOU MORE IN FUTURE DAYS
Very well and simple words explain how to save your capital and avoid mistakes which may risk and create problems at retirement age. "Just the right advice"
Thank you so much for most helpful information I ever received from someone. Your every word is 100% true. Now I am 68yrs, but unfortunately I don't have any reliable financial advisor. I am really confused. Fortunately I am still working enough to earn my living, but I am worried about my coming days. Your advice would help me a lot. God bless you. Please keep posting many more vdos for people like me
Excellent video with all the relevant inputs for people yet to retire or who have already retired. I know people who had lots of money even well before retirement - like the IT boom and land owners who earned huge money and after few years, same people are in doldrums after total mismanagement of their money!!
Very excellent advise I am impressed number 9 capita. As Indian men hide so many things from rheir wives they think i dian women cant do anything in many cases but u are right otherwise fmly people rule her rest of her life thank you so much 🙏🙏🙏
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I had retired before and learned: Do Not tell other people you are going to retire or they will expect you to have all the time in the world to help them with all sorts of things. Keep it to yourself and your time will stay yours!
Sir this advise should be for any age parents not just retired parents. We paid for my son’s big wedding that took away a Hugh chunk of money. I wish someone would have told me that, that was a big mistake. I should have delayed the wedding till he started work and spilt the cost with him, then he would not have spent so much money. Sad part is now he doesn’t even keep in touch with us that much. The wife family is now his family we are out of the picture. you are so right when you said don’t get too emotional. Who ever is reading this please save all your money for when you are in financial need you won’t be able to turn to anyone.
sorry to read this Asha. But its still not too late, if you live frugally for few years, you will have enough money for some travel plans with your husband. Seemi from US
Yes
It's sad to read this . I hv had similar experience with my only son a Radiologist and his selected Radiologist wife. They never shared any money for their own marriage but wanted me to foot the bill, which I was emotionally foolish to foot. The son took money from me & when I asked him why, he refused to answer me as also his mother. He jascit off completely. It's very heartbreaking and sorrowful, but we hv accepted the reality. Feel blessed that we werecheated by a few lacs only and now are very CAREFUL NOT TO DEPEND ON HIM or his wife. God saved us from his and his future demands of money though they both earn in lacs. I hv learnt a lesson, so important and so has my wife. We are completely cut off from each other now, and are absolutely fine with it. Why they wBt parents to sponsor their marriage , their lifestyles just because they know we hv the money.they are in early 30s and should be ashamed S doctors todemand and loot money from aged parents, esp when they are so curt and ride with both of us. This phenomenon is prevailing in India now. I am from Mumbai and am 59
15:15 - Mistake no 9 . LADIES OF THE HOUSE DO NOT TAKE INTEREST IN THE FAMILY FINANCES. it's a big mistake 😢
Thanks for very useful information.
Omg. V v clear & extremely useful session I had in this video. All 9 points are 9 gems. This video looks like made for me. Thank you so much ❤
Never lend money to any one with out any Agreement and some assured moveable or immovable Property as a mortgage!!
Because "You can not see the same smiling face while returning to borrowed money.!!"
Thanks for the very useful ant and True Facts of Life.
Not only money, relationship, friendship, mental peace, family relations with other relatives get lost. Give any only as expecting NO repayment ok, like thinking for housing or child higher education 🙏
Sir, these nine points are really in favour of retired people to live a happy and joyful life. A big salute to you, sir.
No sentiment no emotion, realistic approach, vanakkam Sir,
Thanks!
WELL SAID. I RETIRED AT 58 AND NOW 80 +; RETIRED AS SENIOR MANAGER
VERY HAPPY TO SAY THAT AFTER RETIREMENT , I HAVE FOLLOWED MOST OF
THE POINTS AS MENTIONED. MY FIRST EXPOSER TO YOUR CHANNEL. THANKS.
nicely explained., appreciate d
Very nice and informative video...I am 72 and following most of these advices religiously.
Planning for increased medical expenses is essential too
Sir, Your Cautious Advice is very important to the retirees.
I am 66 years old retired from Railways. I had implemented what you said Except Exposure to Equity linked Funds. I am very Cautious about return of capital. I want to beat inflation by reducing Expenses and Investing 50% of my Income in 5 Yrs RD with an interest rate of 7.75%.
I am not greedy and happy with moderate guaranteed returns and return of capital.
Thank you.
Correct nd good step
I agree with u. Pl lock up your FD for more than 5 years . Reduce expenditure and present FD rate u can save some money. Equity may not be required at our age because it increases tension.
@@jpsharma2517
Thankyou
@sambamurthyk3596 Could you plz tell sir which banks gives 7.75% on RD. I'm also exploring good RD options?
@@rakeshvankar9658 you can get good intrest in company bonds but choose only AAA ratings
Absolutely correct !
Hope people wont carried away by emotions & lost peace for whole life !
Kerp it up !
Very very useful advice. The pensioners should clearly understand that they should not invest in instruments which your spouse cannot manage after your demise. If he/she have no idea about mutual funds, shares etc. do no invest there. Always make joint deposits or with nomination in favour of your spouse, while investing. Making joint deposits is simple. If the nominee predeceases you, change the nomination as early as possible. This will save your legal heirs from unnecssary problems arising to obtain succession certificate etc. Next, don't lend money to get abnormal returns by way of interest, because this may put your old age life into trouble. It is also a reality that most of pensioners are either under graduates or graduates with no financial education who may fall prey to over smart people of the society. Always invest in Govt. schemes and scheduled banks (preferably public sector banks). Don't go for co-operative banks to avoid TDS and filing of IT returns.
Very good advises , Dr. Bhat. Never ever over-trust any friend . Do not put all eggs in one basket.
Very apt advice for everyone- Those who will retire shortly and those who are already retired
Excellent video!!! Not only after retirement, but i feel some of the advises are applicable through out the life. Thanks for educating people. 🎉
I have extended family members who have not taken education loan for their son ! Result - they just don’t understand the importance of getting a job to pay that off , but just chilling after clearing studies . Please take education loan and let your children pay them back so there is a sense of responsibility to get a job and repay.
Chandrakant bhai,you are right.There are vultures around simple and honest people who are always looking for opportunity to cheat and loot.
Thankyou very much sir. And please broadcast some more tips sir thank s
Great video. Character and spirituality after retirement is most important to save your assets that you have made. Excessive greed only is the sole cause to lose your hard earned money.
Very relevant and pertinent points. Some of which are never discussed but is very prevalent given the greed that is building up due to rampant materialistic pursuit.
Thank you so much for giving insight of an area where most people neglect and make uncomfortable and unpleasant during the last stage stage of the life. Your advices are very great an invaluable. God Bless you and your family.
I must say thanks to you. I am sure this episode is helpful to all people in this world
Sir, watched this video carefully & with full attention. All 9 points highlited by you are worth noting by all age groups. Sharing to maximum youth. Thanks & regards.
Good information, one more point is to be added
HEALTH INSURANCE
Great piece of advice that only the experienced folks can give!
The best advice., thanks
Excellent - a neat and clean explanation that one can follow! Well done!!
you have given very good advice , hope more people will follow them. God bless all retirees !
You are absolutely right. May God give all blessings
These are reccomendations that are worth remembering and following not just by retirees, but throughout ones life.
Mind refreshing advice, thank you very much for straight forward advice.
Sir I am really stunned to listen your advice.What a clarity and depth of knowledge.I am fortunate enough being following all your guidelines without knowing the details of it.Definately I would like to take your professional advice in future.
Excellent Dr Bhat. I do follow all these advices. Quite useful and practical. All retired people must follow these
Your advice especially on education of children is very true. I see parents sending their children to foreign universities with high tuition and living expenses. They are effectively bankrupting their own retirement as the kids will buy fancy cars etc and not support them later.
Future is uncertain. There should be sufficient cover of insurance on borrowed education loans.
Noted sir your advice
Your advice is very valuable and true. Infact very enlightning
I agree 100 %. They get married & you are lucky to see them again. No appreciation ..😢😊😊
Indeed a praiseworthy suggestion.
Great work! True to what you said, no hype, only substance in the most clear and understandable way!❤
One of the best videos I have seen on post-retirement planning in India. Thank you from Canada.
Lucid and pertinent .Assertive enough. Clearly explained. I wish I had come across this advice a decade ago!
👍
Super caution points explained
So good ....brotherly advice .... all points are gems to follow!!!!
WATCHED YOU FOR THE FIRST TIME - EXCELLENT SIR 💛💛💛💛💛💛💛💛💛💛💛💛💛
Excellent video for senior citizens 👏 👍 👌 🙌
RETIRED AT 58AS SR MNG. MNC. AND NOW 80+. HAVE FOLLOWED MOST OF THE POINTS AS MENTIONED BY YOU.
CHEERS.
I have not typed this post 4m ago. So pl treat it as deleted.
V.v.informative video hoping to have more informative videos at the earliest.
I am exceedingly overwhelmed on the excellent descriptions of high research meant for the senior citizens of India which are are absolutely right and highly rational without any iota of doubt or dispute
.
This is the first time i have given thums up to someone.
Because i myself was an insuarance advisor for metlife in qatar.
And at age 63 tought, u have done an excellent job.
JAI HIND.
Excellent video covering all the 9 points. One suggestion Health Insurance plan need to be taken to cover the risk of any accidental or Hospital bills .😊
Perfect message! Even though I am not from India, the video is highly recommended. Congratulations!
My God!
This is the most frank and honest retirement advice ever….
Watching your video for the first time. It's an eye opener and very rich with relevant information for the retirees. Quite expository. Very good job.
Very very nice sir, yes these 9 rules you described are the golden rules for the retired person.
Indeed some good wholesome advice that can be a great financial road map for me or female from the age of 16 to 80.
Well done sir.
It started as a suggestion & awareness video and ended as a Good promotional video.😊
A very good advice for people who are on the verge of Retirement or have just retired.
Pretty good advice I love your every 9 points...
I am following these 9 principles from my teenage ..
Salute you sir...
Thanks Ton...
Very sincere and concerned advice... Thank you sir for your efforts, your videos are real eye openers in financial management...
Plan for retirement early. Act as if you will retire 5 years prior to actual retirement and you will be surprised what magic those last 60 ( 5 years) pay cheques can do
Sir,
Your financial management techniques are very useful for happy retired life.Thanks for elaborate practical explanation
Hi video is food for thought and am a retired civil servant, and thanks for your advice,am a Nigerian and in eighties.
You are awesome!
This is one of the best videos on retirement advice.
May God Bless You!
Absolutely excellent and most vital information for the retired. Well focused advice.
All retired persons should follow this guideline 'which is very important till the end of life. I am very much impressed for this.
Thanks a lot.Very practical advice. Moreover, the comments given by a multitude of experienced citizens are eye opener.
One real sad story:
One of our neighbours retired from a steel making company. Post-retirement corpus was quite good. One of his two sons invested big amount from that retirement corpus into a business which failed within a year owing to inexperience and wrong decisions.
That retired gentleman spent huge money on marriages of his two sons.
Finally,,,, he died without treatment. His wife also suffered the same fate a few years later.
Please, learn the bottom line.
Excellent analysis and advise. Pls post more such informative videos.
Sir ! Your advices for retirees are very important for me and all old aged retirees .Thank you
Planning for medical insurance is also important to curb the possible drain in fund.
Very useful info sir....
Am sure all retirees should follow
Main thing was we should not believe anyone money must. Keep in the safe way we must maintain health this is very useful after retirement thanks
Thanks very much Sir for this very important n informative program. Very well explained n very articulate too. Stay blessed always
Bitter but right advice 👍
Very good, nice , useful talk to retire people. We are already following, safe. Your all points are very useful. We will share to our friends n relatives. Thank you very much for your good work. May Almighty God bless you abundantly.
Excellent analysis and very informative video for the retirees.Thank you so much, sir for your valuable advice.👍
Excellent suggestions! 🙏 🫂 ❤
Simply excellent. Very practical.
Very practical advise. Conveyed in simple language. Thanks.
Thank full Sir
Your Advice is Valuable I Salutely
I go through this discussion attentively ! It's a very helpful sharing for all of us. I got advice from our ex-student of RKMV, who is working as a chief manager of a Bank and after watching your discussion I am satisfied ! Because your advices are same approach and on the same path. Thanks 🙏 for your service. ❤
Sir, I have retired from my service few months ago. The bank officer of SBI where my account is inforched has advised me about various schemes, but I am not satisfied with them, I am also not acquainted with benefit schemes. So I am in puzzling for utilizes the properly. My retired money is not a big one. Now I have in some problems like girls marriage, sons education, incomplete house etc. Pl. give me proper guidance for utilisation of my money so that I can't be repent in future.
I am regular on your channel. Your knowledge keeps us grounded and updated. Sending my thanks from Russia
A very useful information for the retirees, and those at the verge of their retirement...really a valuable piece of advice..❤❤
One of the best video from NRI
Absolutely correct all points. Fortunately I follow all these points
Highly informative to avoid unwanted surprises! Thank you
You deserve thanks for the advice. Many people are misguided and lose their money.
Wonderful n beneficial informations to all retired persons with lot of practicality.
Exellent Video... Verymuch Helpful 👍
Thanks for your advice .. Noted your points.
The mistakes are explained ver well in easy and understandable format. The facts and emotional aspects to be handled appropriately to avoid getting into the traps. Thank you for curating the very crucial points
Sir, my humble pranams. I am unfortunate to listen this advise after my retirement. I did all mistakes you pointed out. But I am fortunate to tell my friends , how the should be, and not to commit mistakes I did.
Thank you sir much for very stright forward, point blank advise. It will surely educate who are near to retirement. 👃👃👃
ONE OF THE VERY BEST ADVICE I HAVE EVER HEARD SO PERFECTLY PRESENTED EXTREMELY PRACTICAL TEACHING AND I HAVE SUBSCRIBED TO THIS CHANNEL THANK YOU VERY MUCH SIR AND HOPE TO HEAR FROM YOU MORE IN FUTURE DAYS
To counter old pension
scheme govt should increase
interest rate on fixed deposits
it will benefit both govt
and private employees.
Very good advices.i also lost my retirement fund in aadarsh credit cooperative society which is undergoing liquidation.
Very well and simple words explain how to save your capital and avoid mistakes which may risk and create problems at retirement age. "Just the right advice"
I've watched this video for the first time. Based in Malawi. Very useful insights
Absolute clarity. I found that if i had written an exam, i have passed in flying colours. Thanks and regards.
Excellent guidelines
Thank you boss👌👌
Thank you so much for most helpful information I ever received from someone.
Your every word is 100% true. Now I am 68yrs, but unfortunately I don't have any reliable financial advisor. I am really confused. Fortunately I am still working enough to earn my living, but I am worried about my coming days. Your advice would help me a lot. God bless you. Please keep posting many more vdos for people like me
Excellent video with all the relevant inputs for people yet to retire or who have already retired. I know people who had lots of money even well before retirement - like the IT boom and land owners who earned huge money and after few years, same people are in doldrums after total mismanagement of their money!!
Very excellent advise I am impressed number 9 capita.
As Indian men hide so many things from rheir wives they think i dian women cant do anything in many cases but u are right otherwise fmly people rule her rest of her life thank you so much 🙏🙏🙏
Sir, many thanks for making us wise for retirement life. All the situations mentioned by you are truth and not be over looked. 🎉🍀👍
Outstanding points which every retiree follow without any doubt and hesitation. 🙏🏻
Thank U for very realistic advice!!!👍👍👍