Living out your dreams post retirement Plan now and live the life you want

Imagine your life post retirement. Do you picture yourself just sitting around soaking up the sun or do you picture yourself pursuing all the dreams that you put off due to lack of time and prior family and work commitments?

If you imagine yourself doing the latter, then its time to prepare – to ensure you can live the life you want post-retirement, just like Rohit and Asha.

Here is their Retirement Checklist that has helped them live the life they want:

Make a bucket list of every hobby you want to pursue. Figure out the cost of pursuing each hobby.

For example, a typical violin class costs Rs. 2000/month today. In 20 years, with an inflation rate of 7%, your dream class will cost Rs. 7740/month. Or if your dream is to restore a classic car and all the parts cost Rs. 100000 today, then in 20 years, with an inflation rate of 7%, a restoration job should cost Rs. 3,86,968. Add to your bucket list – the current cost and figure out the potential future cost based on the inflation rate. Add it all up and add this amount to your retirement budget – which should include the cost of daily living, medical expenses, travel and entertainment.

This long and (possibly) tiresome activity will help ensure you can pursue your hobbies post-retirement without compromising on your lifestyle.



So, what are you waiting for? Plan today and live the life you want tomorrow!