Hi all, I have a bit of a basic question and I apologise if this has been discussed before (don't think so): what qualifies as a retirement in this time and age?
Is it the number of hours one works, the remuneration (or the lack of it) that is expected, the freedom to do anything that one wants and to change it at a moment's notice? I ask this because in my mind I don't see a clear gradation into retirement that I saw with my dad and his generation. If I think about all the different options and consideration to keep in mind being discussed, I can't see how it is different from having a relatively flexible "work", the focus of which might, I agree, change every couple of years. Regards, -skn- On Tue, Sep 23, 2014, at 03:59 PM, Sandhya aka Sandy wrote: > Botsie et al > > Continues to be an illuminating thread. Great story, Deepa. Humbling. > makes > me realize that I'm lucky to have so many choices. Good to continue the > discussion with you offline too, Venkat. So many possibilities arise if > we > keep ourselves open to it. > > > Congratulations on your retirement, Bruce. I think you've hit the sweet > spot with the transition time. I think that's what I'm heading for - work > for few days a week. In addition to tech writing, I've been in the > training/coaching/facilitation field, and that's where I might tie up > with > another consulting firm on a part-time basis. I might get a little less > than if I work directly with companies, but they can take care of all the > business/accounts angle and let me do the fun stuff. Without the night > calls. :) Still trying to figure out what I can optimally do with > content, > if anything. > > Someone asked about the ideal corpus required for retirement. I think the > financial planners on the list are better equipped to answer this Q., and > you probably know this already, but at the simplest level, work out your > running expenses for your desired lifestyle post-retirement: > > Regular monthly expenses + Emergency fund for home maintenance & medical > + > Extras (eating out, travel, shopping etc.) + Inflation > > Hypothetically, say that translates into 25K + 5K + 5K + 5K= 40K per > month. > Need to have a corpus that gives you this monthly amount with even > conservative investments such as FDs. We're talking about a 8-10% ROI per > annum. So, in this example, you need to have a corpus of 50 - 55 lakhs. > If > you have a good financial planner and a higher risk appetite, your > returns > can be higher. Hope this helps. > > Ah, the possibilities. > > Thanks > Sandhya > > > > > > > > > > > > valsa > > > > > > On Tue, Sep 23, 2014 at 4:46 PM, Vinayak Hegde <[email protected]> > wrote: > > > On Tue, Sep 23, 2014 at 12:01 PM, Biju Chacko <[email protected]> > > wrote: > > > I've lived in small town Botswana, and it's not that difficult. > > > > Thats another good reason to call you botsie or maybe the original one. > > > > Thanks > > Vinayak > > > >
