It’s never too early to start planning for your retirement. As the saying goes, you can retire from work, but you needn’t retire from life. Managing your daily expenses and lifestyle desires, like travelling and spending on grand children is a part of what planning your retirement finances can help with.

It’s never too early to start planning for your retirement. As the saying goes, you can retire from work, but you needn’t retire from life. Managing your daily expenses and lifestyle desires, like travelling and spending on grand children is a part of what planning your retirement finances can help with.

The rate is going to be pegged at 2.75% below repo rate; at the current repo rate of 6.25%, it means SBI’s savings bank rate for balances above Rs 1 lakh is 3.5% per annum. But what happens if the repo rate falls below this?

For an overseas education, you are looking at a tuition expense upwards of Rs 25 lakhs a year depending on the destination and nature of the course.

Work backwards while planning for the amount required. For a private college education in India, the fee today can be anywhere between Rs 8-15 lakhs for the entire graduation course and a similar amount reaching up to Rs 25 lakhs or so for post-graduation.