Ladder7 Wealth Planners Private Limited
When we want to park money for the short-term, we need to look at various parameters like Risk, liquidity, tenure, taxation and returns post tax.
For doing Financial Planning, one needs the necessary knowledge on the subject matter. Also, one needs to have interest, skills & the time to understand one’s requirements, evaluate options and create a plan on which to act upon.
Many people today claim to be doing financial planning – insurance agents, distributors, banks – everyone! They tend to portray that by buying some of their products, investors will actually be doing financial planning!
Retirement homes or Assisted Living centres are coming up rapidly across the country as many Seniors have their children staying abroad and they live all by themselves.
Many do not want to stay with their children. Today many children are abroad and the seniors are not too comfortable there as they get stranded when their children go off for work and are dependent on them to go out.
Even within India, many choose to stay by themselves, to preserve their independence, stay in the place they are used to along with their friends, doing their thing. However, at a certain age, maintaining a home gets difficult and managing all the work and household chores becomes more than they can handle.
That is where an assisted living facility fits in.