Excellent advice. I would like to add the following. 1. Do not distribute your monies or estate to your children however much they may press you. Keep your wealth for yourself and your wife's lifetimes. You can bequeath your estate and monies to your children after demise of yourself and your wife. 2. Do not leverage or borrow cash to invest as if the stocks fail you will not only lose your cash but will also owe money to the bank or institution which provided you with the leverage.

Few other things to bear in mind post retirement: - Simplify your living, reduce spend - Dispose of things that you don’t use/need - Draw a will when you are un-emotional - Have some hobby, read - Watch less TV news

Great video and great lesson for those who keep their children as a investment and ending up on crying for help.

Im lucky. My dad is 83.he is still not dependent on me financially. Im 52.i will never be dependent on my son financially

One of the commonest problems retired persons are facing where to safely park their retirement corpus so as to get simultaneous healthy returns for sustenance and growth. Thanks.

The most important thing in retirement is to have multiple hobbies so that you are engaged for the better part of the day. And the goal should be to excel in one or more of them.Learning should never stop.It keeps the gray matter ticking and helps you live a content life.

It was a good experience listening to your speech because in one year i m going to retired

Instead of investing in a rental property, better purchase a low priced open plots in smaller towns, so that we can sell the plots one by one for every 3 years of retired life. It gives more appreciation than any other investments.

I am not able to solve my pre retirement issues. Hence I can not plan anything about retirement. Children is not settled even after my retirement. I pray the God for peace of mind only nothing more than that.

Very lucid advice. I like this man's videos on financial planning. No nonsense, only common sense and plain talk. I love that.

Regarding bank deposits: If we deposit our money in Regional Rural Banks, we will get better interest rate than SBI and Nationalised banks. Pl note, all Regional Rural Banks are Govt banks. Another advise is, better to deposit money @ Rs. 5 lakhs in each bank (not cooperative banks)in the name of single person in single capacity. Then it will cover under deposit insurance . Regarding purchase of house (not Flat in apartment). It is better to some extent, if you have required income by way of pension etc for routine expenditure. During retirement period, we may take "Reverse Mortgage Loan" in state Bank etc., against house to meet high expenditure needs. If possible, we may repay it in stallments, before our last breath. After our last breath, bankers will approach our legal heirs for repayment. If they pay, well and good. Otherwise, they will sell the house in public auction. In other words, no pressure from banks for repayment until our last breath. I think, above two are most useful to everybody.

I like your quote... Dont give more importance to child education... Than our retirement... I like it

One should atleast look for a thing to invest on before retirement, sometimes government fail us by not keeping up to the necessary requirements.

Excellent advice. Children can take all your funds and in later years you land in cleaning toilets, mopping floor and washing clothed and utensils in their premises. Wifes will take most money and make gold, which they can give their daughter or Brothers children. Hence keep atleast secrt policy that delivers 50 lacs 10 yrs post retirement.

Really a good advice for retirees.There are so many retirees who do not enjoy their golden because of their own mistakes.

Sir, the real purpose of a retired life is to live a peaceful life amidst all. It's a general practice to read prospectus before we invest in our money everywhere. Earning of more and more money after retired life cannot be a solution at the cost of a tension free life. Small is always beautiful and that should be the philosophy in retired life

You hit the home run. You one of the few to give such concrete advice. 👍 Please add not to loan large sum to family and friends near to your retirement age and none when retired.

Regarding buying property - what you mean is have some lumpsum amount and then buy property because I think in India this is the most reliable way to safegaurd retirement.

Great presentation.. clear, concise, practical and very relevant. I was a bank manger. Many many retirees had to me desperately asking for help get back deposits from NBFCs who incidentally were also our customers. It was too late every time.

All the rules are here very important to since many of our friends entangled & suffering, Many even our children are also so helpless that we are unable to have lively hood and searching for an employment where only exploitation & meagre remuneration, so much problems, thanks for having uploaded such a practical & informative video,

It is our fortunate that such a learned person like you is making chennel which provides many valuable information. Thanks a lot.

Sir, Your advice is so realistic & well thoughtful pieces.. God Bless..

Very informative sir. Everything in the video is the plain truth. I like it being myself of 69 years. You're absolutely right, sir.

Thank. You. For. Your Valuable. Speech. Which Is. helpful. for. Retiring and retired. Mrinal. Sen

Thank you for the wonderful advice. Let us all take note of this and put in practice. The message is important for those employed as they prepare to retire and those already retired to stop the bad practices.

Worldly wise. Very logical. But real life is very different. It does not follow any logic. Everybody knows that our plans (especially long term) almost always fails. The best security for your money is to feed and help the poor and needy when you have surplus and can afford. The ultimate security is to fully depend on the almighty (God). This has been the experience of all those who have done so.

Excellent and practical advice, one should always give highest priority to proper financial planning in the spirit of Keeping it simple. Thank you

Thanks Sir from South Africa. I am a retiree of 2 years & your advise has reinforced importance of retirement planning

Thanks for your advice which will be helpful during our old age period. Your suggestion shall be made a guidelines for our advance age.

The clarity with which you are talking is amazing and the examples you are giving are very appropriate also. You are doing a great service by doing so.👍

Very very clear and sound advice to all of us who entered in the retirement age around 60 or above, very informative thank you Mr Bhatt

You have given Golden advice to the Retirees.

Best video from a financial expert !

Very good advice for the serving/retired persons.

This is great advice for the working class or young people. If a man is in prison already you cannot prevent him from going to prison. None the less great advice.

Im in USA and tgis advice is relevant here too great job sir

For example: He or she did not have a good job all his/her career life. They do not have money to save. Then where they get the money to purchase health insurance coverage. Then no children to take care him or her. Life is up and down. With today everyone faces the Covid Pandemic - millions of people have no job. Many peoples have planned their life but one day the catastrophic hits then everything gone. I did not say we do not plan or thinking negatively. 🤔 Well!!! Have FAITH in GOD. GOD always good.

Depending only on Pension Depending on children for money Parking in small institutions or money lenders for higher returns Not having health insurance

Dear Chandrakanth sir... You r doing very great contribution to society. All these things u narrated in this video are eye opening messages. Plz do and publish many more videos sir. God bless you sir

Very cogently explained. I think nothing more can be added. Very relevant for those who have travelled through around half of their working life.

I find the video is very informative and on realistic situations. Applicable for everyone in any countries.

Should be added in college syllabus. In my case I have planned not even a single mistake account for

I am retired, and it is nice advice to me to follow.Thank you.

I liked your plans & Procedure. We also invested in 1. Property to live, 2. Property to get rental income, 3. Put in FD to get Monthly interest income to support Partly for monthly expenditures. 4. Keep some thing( Liquid) to meet Health emergencies arise if any. 5. Keep something Annual entertainment(for at least to stayaway for 10 days). We structured as we being NRI retiree settled in Bombay...

Thanks, you are really a fountain of knowledge...

Kindly provide answers & guidelines on how to succeed in retirement with independent financing. 🙏

It's very essential to know the treasure of issues with risks involved after retirement.

It was very useful to listen to your tips for retirement but I have done most of the mistakes already before I realized.Hope today's young will follow your advice!

Well said. Thank you for sharing. Anthony from Santacruz, Mumbai, India.

Good advice for people like me. Just retired but realised only 1 mistake i did that not selling property. Rest 5 mistakes i was aware. Thanks sir.

Sir , An excellent explanation for Retired life advice in the state of Tamilnadu 21-22 ,22-23,23-24 60% of state Government employees getting retirement ,it the guidance for them. Very useful to me I am at 58 years Thanks very much 🙏

Hello Sir from South Africa 🇿🇦. Your way of explaining these points are simple, clear and concise. I am now following you and have shared this video. Thank you.

You only retire the day you die all others are changes in work and work environment. There are many factors which individuals go through during normal employment time which make each individual different. What you are teaching is good for academic purposes and also to enslave the minds of those who take normal employment as an end to any good thing on earth. There are many individuals who continue to flourish even after normal employment life and not through what you are saying but through working.

Very good advice. Practical and real life.

Thank you for the 6 Mistakes to avoid during retirement. What about a list of 6 Good Things to do when going to retire.

Well said. People should do retirement and family financial planning in young age of say 30 to 35 years ideally AND not at retirement age. Don't put all eggs in one basket but invest retirement amount in diversified avenue like bank deposit, govt securities, health insurance, mutual fund, charity etc.

i will add another mistake by some retirees- Not learning or practicing of a new skill before retirement, hence becoming unfit for another innings of freelance work, after 60 yrs age.

Very interesting & realistic awareness for crucial retirement needs. 👏 very well-done

Very useful &clear simple explanation for safety for Rtd life of sr Citizen's. Thank you sir.

Dear Dr I,m very glad that finally somebody like you come out with your very valuable advises that hopefully will give awareness to everybody . Am a nurse have nursed so many old women and men with diseases and financial problem . Hopefully this advise will be very usefull for the new generation and future generation. Thank you Dr Chandrakhant Bhat for your valuable advises .Well said ,vey clear . May God bless you and your family .Stay safe. With love from Malaysia.👍

Lot of thanks for giving valuable advices

Good article. Thank you

Great Video. Little Correction: Under New Pension Scheme government pension amount is also fixed doesn't get adjusted to inflation

Supe message for the retired and Senior citizens. Thanks Sir

Thank you so much for your suggestion, with this lesson i would be benefited a lot during my retirement life.

Excellent. Very interesting & useful guidelines.. 👏👏👏

Awesome video for a retired personal

Explained in a very decent way. Very much delighted. I am 68. Thanks.

Excellent! Well appreciated.

Very Informative and well explained sir.

Thank you for sharing your wisdom. May God bless you 🙏

Many thanks from a Sri lankan retired fan for your valuble advices 👍❤️🙏🇱🇰 . God bless u and lovely India.

Today's world anywhere and everywhere LESS PENSION and MORE TENSIONS.

All your points are absolutely correct and useful .I'm short of suitable words to give the real value and I will convey it to my younger ones as I'm already a senior citizen. Having said this may I request you to give some suggestions to guide what someone can do avoiding small banks etc for more return ,

Thank you of invaluable comments.

Very compassionately explained. These are the topics one feels uneasy to broached. Example point 2 . Thank you!!

Hundred per cent truth you said 👏👏👏👌👍

Very informative. Sir pls make a video on good ways of investment ideas after retirement to get a monthly income till end

Dear sir excellent narrative for Senior Citizens Regards AAshokkumar Hyderabad 💐

Whatever you do, money will finish one day, no matter what. Mantra is " build relationships before you retire."

I found your suggestions too general. Like you rightly said that do not depend on private banks or money lenders etc for higher interest but did not suggest how to generate higher passive income to beat the inflation . The scheduled banks are reducing interest on term deposits every year . You rightly said that buying property for rental income or capital gain is also prone to risk which again is a n open secret . Not depending on children or not spending for their better education in their formative years is confusing . The topic you have chosen is very good , you presented it very nicely yet nothing concrete could be discovered .

Dear sir ! I have already retired from service in January, 2021.....and still wish to be re-tyred without being re-threaded ! Yours humourously, DKB.

🙏🏾 thanks for such precise advice, 💐Bhopal MP

Name of channel is great... And subject is uncomman... Must... Such great education channel... Fantastic.... Great... 💐💐🙏

Issues raised by you are great and practical but can you suggest what should be?

Thankyou Sir, I am just retiring from dubai to kerala and you covered every point with pros and cons.

Everyone must think and take decision to save ourselves and not to disturb other in our late life.

Really worthy information and all should follow the guidelines, Mr. Chandrakant. Thank you, so much.

Appreciate it, watching from uganda

Really praiseworthy advice sir!

Highly appreciate your golden advices .

Excellent & very useful advise Sir.Thanks & Regards

Good advice but i am not agreed with you regarding property investment as a retirement plan .

Very well explained. All 6 points are very valid.

Admirable,,, suggestion,,, for the,, service,holders,,,,,, regarding the,, steps to, be taken,, before,, fifteen years of,, retirement,,,tnx, 💐 for sharing,, the, brilliant idea

Very good advice, in a simple manner. Thanks a lot !

Very good advice and well explained

Good advise . But why children will not take care of parents when parents sacrifice their lives for their children and also leave their property behind for their children. One reason being we don't teach and imbibe values in them and in front of them parents ignore their own parents and children repeat this. The world is going on in the same manner for the centuries . Children copy whatever their parents are doing knowingly and unknowingly that's why we have to be a first role model and first guru of the children. Investing for the future is good but start Investing in the relationships first that will not enable you to save more but giving back to your parents will create a long term prosperity. We need to do relationships planning along with the financial planning.

A very smart useful advice for the retirees. Tq. Sir

This guy is great. Good advice and great articulation skills.