Art of Retirement Planning

Financial Advisor Himanshu Gada gives insights on Retirement planning and Medical emergency expenses.

Article - Sudhir Pai

07 August 2018, a wet cloudy monsoon Mumbai morning, I had a pleasure to meet Mr. Himanshu Gada of Gada Advisory over a cup of hot steaming coffee and have a meaningful discussion on financial planning by individuals to take care of their retirement and medical emergencies.

Himanshu Gada

Founder (Gada Advisory)

Retirement Planning :

Himanshu Gada says, that a person who start planning about retirement when he or she is young actually lives a happy retired life.

Retirement planning is an acquired habit and is a systematic process of thinking, planning and managing your short and long-term finances to help achieve your financial dreams both during your working years when you are young and healthy and retired life when you are old and sick. It also involves analysing your financial objectives, current financial position and expected future cash flow to develop a comprehensive retirement roadmap.

Medical Insurance :

Emergency medical expenses may result in severe financial distress.

We must ensure that we keep retirement planning and medical insurance separately and do not mix the two in order to ensure that we have a steady cash flow in both circumstances.

If we do not plan the above two separately, then you may have to dip into your savings or sell your assets to meet such expenses. Thus, we see how important it is for one to take care of healthcare planning before retirement. You don’t want to be stuck in a limbo or become dependent on someone else, even if they are your own children.

You also need to plan for :

• Medical Emergency
• Buying a Home
• Tax planning
• Parenthood
• Job Transition
• Children’s Education
• Children’s Marriage
• Retirement Corpus
• Post Retirement payout
• Insurance

You can connect with Mr. Himanshu Gada on 9819881733 / 8169102388 (Mumbai).

To connect with writer of this article Sudhir Pai or Team Speaking Pages
contact on 9820073993 (Mumbai)