Ladder7 Wealth Planners Private Limited
Suresh Sadagopan 
The world is undergoing a dramatic transformation at this point. The Chinese Wuhan Virus has given the impetus and increased the velocity of change globally.
I had written earlier about the changes underway that have the potential to change the extant power equations and even bring about a new changed world order that has multipolar characteristics.
The idea behind retirement planning is to have a sufficient retirement corpus that should be able to generate adequate returns on a regular basis so that you could continue maintaining your current lifestyle even after retirement.
Gold is seen as a storehouse of wealth and as an asset that would always have a certain intrinsic value. It is a rare metal. It is available in limited quantity and its supply cannot be increased at will. Hence, this ensures that the price of gold stays at a certain level.
Buying pension plans is not retirement funding: Investments for retirement are equated with pension plans. Retirement planning is important, but doing it through pension plans is inefficient.
While the west led by the US may still be powerful, the world order is certainly changing. The US certainly lost some sheen when it exited Afghanistan abruptly and gifted it to the Taliban, which it was fighting against for 20 years! It abandoned military equipment valued at over USD 1 billion, during this hasty retreat.
We are at a very interesting point in the world today. The world is in transition and we could even say that this could be an inflection point where the current world order is coming into question and there is a good chance of a new world order emerging.
It is important that we pay attention to our dear ones and their financial well-being. We need to atleast ensure that they are not committing major blunders that will come back to bite them ( and us ). Better still, it would be great if we are able to put them on a path of fiscal prudence, along with proper savings and investments.
Money is important in life and can help acquire things we want. However, money matters need to be handled properly for life to be smooth and tension free.
Money management is a problem area for many today. It is so due to multiple factors. But we all need to get on top of that.
Assisted living homes ( aka old age homes ) are sprouting across the country and seniors are contemplating whether this is the way to go. The experience has been mixed. Going to an old age home still means uprooting from one’s locality and transplanting in new environs. That can be a difficult experience for many.
The only other option today is probably developing a community of similarly placed folks who are there for each other and support each other….
“Money is the root cause of all evils”. Such messages may produce all kinds of problems and the person may end up never really doing anything to accumulate wealth!
We need to expose children to right messages that will help them understand money in the right context. Something like “Money is a means to an end, not an end in itself” could be a message that should position money rightly, without overstating or understating its importance.