9 Mistakes Which Can Ruin Your Retired Life - A Must Avoid Checklist To Follow

[@ashapatel4887]

Sir this advise should be for any age parents not just retired parents. We paid for my son’s big wedding that took away a Hugh chunk of money. I wish someone would have told me that, that was a big mistake. I should have delayed the wedding till he started work and spilt the cost with him, then he would not have spent so much money. Sad part is now he doesn’t even keep in touch with us that much. The wife family is now his family we are out of the picture. you are so right when you said don’t get too emotional. Who ever is reading this please save all your money for when you are in financial need you won’t be able to turn to anyone.

[@seemva]

sorry to read this Asha. But its still not too late, if you live frugally for few years, you will have enough money for some travel plans with your husband. Seemi from US

[@rajnair1357]

Yes

[@hitsemm1416]

It's sad to read this . I hv had similar experience with my only son a Radiologist and his selected Radiologist wife. They never shared any money for their own marriage but wanted me to foot the bill, which I was emotionally foolish to foot. The son took money from me & when I asked him why, he refused to answer me as also his mother. He jascit off completely. It's very heartbreaking and sorrowful, but we hv accepted the reality. Feel blessed that we werecheated by a few lacs only and now are very CAREFUL NOT TO DEPEND ON HIM or his wife. God saved us from his and his future demands of money though they both earn in lacs. I hv learnt a lesson, so important and so has my wife. We are completely cut off from each other now, and are absolutely fine with it. Why they wBt parents to sponsor their marriage , their lifestyles just because they know we hv the money.they are in early 30s and should be ashamed S doctors todemand and loot money from aged parents, esp when they are so curt and ride with both of us. This phenomenon is prevailing in India now. I am from Mumbai and am 59

[@hitsemm1416]

15:15 - Mistake no 9 . LADIES OF THE HOUSE DO NOT TAKE INTEREST IN THE FAMILY FINANCES. it's a big mistake 😢

[@rautsirphysics2123]

Thanks for very useful information.

[@tyrel7185]

I had retired before and learned: Do Not tell other people you are going to retire or they will expect you to have all the time in the world to help them with all sorts of things. Keep it to yourself and your time will stay yours!

[@sambamurthyk3596]

Sir, Your Cautious Advice is very important to the retirees. I am 66 years old retired from Railways. I had implemented what you said Except Exposure to Equity linked Funds. I am very Cautious about return of capital. I want to beat inflation by reducing Expenses and Investing 50% of my Income in 5 Yrs RD with an interest rate of 7.75%. I am not greedy and happy with moderate guaranteed returns and return of capital. Thank you.

[@amarkantidas6210]

Correct nd good step

[@jpsharma2517]

I agree with u. Pl lock up your FD for more than 5 years . Reduce expenditure and present FD rate u can save some money. Equity may not be required at our age because it increases tension.

[@sambamurthyk3596]

@@jpsharma2517 Thankyou

[@rakeshvankar9658]

@sambamurthyk3596 Could you plz tell sir which banks gives 7.75% on RD. I'm also exploring good RD options?

[@nareshkamat3523]

​@@rakeshvankar9658 you can get good intrest in company bonds but choose only AAA ratings

[@shriprakashgupta1911]

Sir, these nine points are really in favour of retired people to live a happy and joyful life. A big salute to you, sir.

[@travonika217]

Very nice and informative video...I am 72 and following most of these advices religiously.

[@kdharmarao4149]

Never lend money to any one with out any Agreement and some assured moveable or immovable Property as a mortgage!! Because "You can not see the same smiling face while returning to borrowed money.!!" Thanks for the very useful ant and True Facts of Life.

[@ramkrishn4762]

Not only money, relationship, friendship, mental peace, family relations with other relatives get lost. Give any only as expecting NO repayment ok, like thinking for housing or child higher education 🙏

[@ramachandiran2468]

No sentiment no emotion, realistic approach, vanakkam Sir,

[@sudershanpuri5940]

WELL SAID. I RETIRED AT 58 AND NOW 80 +; RETIRED AS SENIOR MANAGER VERY HAPPY TO SAY THAT AFTER RETIREMENT , I HAVE FOLLOWED MOST OF THE POINTS AS MENTIONED. MY FIRST EXPOSER TO YOUR CHANNEL. THANKS.

[@sanjaykhanzode7359]

nicely explained., appreciate d

[@stanleyif7988]

Very good advises , Dr. Bhat. Never ever over-trust any friend . Do not put all eggs in one basket.

[@KunchithapathamNatarajan]

Very apt advice for everyone- Those who will retire shortly and those who are already retired

[@sanjayshrivastava8671]

Absolutely correct ! Hope people wont carried away by emotions & lost peace for whole life ! Kerp it up !

[@somrajanr1]

Very very useful advice. The pensioners should clearly understand that they should not invest in instruments which your spouse cannot manage after your demise. If he/she have no idea about mutual funds, shares etc. do no invest there. Always make joint deposits or with nomination in favour of your spouse, while investing. Making joint deposits is simple. If the nominee predeceases you, change the nomination as early as possible. This will save your legal heirs from unnecssary problems arising to obtain succession certificate etc. Next, don't lend money to get abnormal returns by way of interest, because this may put your old age life into trouble. It is also a reality that most of pensioners are either under graduates or graduates with no financial education who may fall prey to over smart people of the society. Always invest in Govt. schemes and scheduled banks (preferably public sector banks). Don't go for co-operative banks to avoid TDS and filing of IT returns.

[@gkm202]

Chandrakant bhai,you are right.There are vultures around simple and honest people who are always looking for opportunity to cheat and loot.

[@tablabeatsbysanthoshhegde3188]

Omg. V v clear & extremely useful session I had in this video. All 9 points are 9 gems. This video looks like made for me. Thank you so much ❤

[@binodmenon7003]

Planning for increased medical expenses is essential too

[@pkdgkms]

Great video. Character and spirituality after retirement is most important to save your assets that you have made. Excessive greed only is the sole cause to lose your hard earned money.

[@rajeevnarayan8987]

Good information, one more point is to be added HEALTH INSURANCE

[@danielrawlins1036]

These are reccomendations that are worth remembering and following not just by retirees, but throughout ones life.

[@thedinneris]

My God! This is the most frank and honest retirement advice ever….

[@rajeshthadani9058]

This is the first time i have given thums up to someone. Because i myself was an insuarance advisor for metlife in qatar. And at age 63 tought, u have done an excellent job. JAI HIND.

[@andy21091978]

One of the best videos I have seen on post-retirement planning in India. Thank you from Canada.

[@sangitakhatri1905]

Excellent video!!! Not only after retirement, but i feel some of the advises are applicable through out the life. Thanks for educating people. 🎉

[@venkataramansrinivasan4367]

Absolute clarity. I found that if i had written an exam, i have passed in flying colours. Thanks and regards.

[@viveklaghate6837]

Sir, watched this video carefully & with full attention. All 9 points highlited by you are worth noting by all age groups. Sharing to maximum youth. Thanks & regards.

[@pradeepchatterjee5239]

Thanks a lot.Very practical advice. Moreover, the comments given by a multitude of experienced citizens are eye opener. One real sad story: One of our neighbours retired from a steel making company. Post-retirement corpus was quite good. One of his two sons invested big amount from that retirement corpus into a business which failed within a year owing to inexperience and wrong decisions. That retired gentleman spent huge money on marriages of his two sons. Finally,,,, he died without treatment. His wife also suffered the same fate a few years later. Please, learn the bottom line.

[@ramkrishn4762]

3 months before retirement I gave 20 lakh to a friend who said he would pay back in 7 days. After 5:years I still have to get back 50k. It is best neither take nor give; simply say I don't have money. Even if you have money, don't think you are lying. We have to see need of the hour. Don't even entertain wife. Because they don't know implications. Even if you are a pensioner. What sir said is very useful by way of fair idea of reduced cash flow.

[@sudhirkumarparakala7319]

Very unfortunate sir .

[@saktimansinharoy5284]

9😊😊😊😊

[@saktimansinharoy5284]

5

[@ashapatel4887]

So sorry that this happened to you

[@l-74]

Revoke the collateral and recover from that.

[@srinivasansukumaran2479]

Very relevant and pertinent points. Some of which are never discussed but is very prevalent given the greed that is building up due to rampant materialistic pursuit.

[@SaratkumarPattanIk]

All retired persons should follow this guideline 'which is very important till the end of life. I am very much impressed for this.

[@chandras3892]

Lucid and pertinent .Assertive enough. Clearly explained. I wish I had come across this advice a decade ago!

[@dr.radhamuralidharan8416]

👍

[@anildias5442]

Thank you so much for giving insight of an area where most people neglect and make uncomfortable and unpleasant during the last stage stage of the life. Your advices are very great an invaluable. God Bless you and your family.

[@IncredibleIndiaEng]

Great piece of advice that only the experienced folks can give!

[@alexarellon8146]

Perfect message! Even though I am not from India, the video is highly recommended. Congratulations!

[@pradeepjoseph]

I have extended family members who have not taken education loan for their son ! Result - they just don’t understand the importance of getting a job to pay that off , but just chilling after clearing studies . Please take education loan and let your children pay them back so there is a sense of responsibility to get a job and repay.

[@yanmuikam6160]

you have given very good advice , hope more people will follow them. God bless all retirees !

[@Vvvvvvv549]

Excellent video covering all the 9 points. One suggestion Health Insurance plan need to be taken to cover the risk of any accidental or Hospital bills .😊

[@sudershanpuri5940]

RETIRED AT 58AS SR MNG. MNC. AND NOW 80+. HAVE FOLLOWED MOST OF THE POINTS AS MENTIONED BY YOU. CHEERS.

[@SudershansinghDhawan]

I have not typed this post 4m ago. So pl treat it as deleted.

[@srenga49]

Excellent Dr Bhat. I do follow all these advices. Quite useful and practical. All retired people must follow these

[@dkmohantybaba9366]

Sir I am really stunned to listen your advice.What a clarity and depth of knowledge.I am fortunate enough being following all your guidelines without knowing the details of it.Definately I would like to take your professional advice in future.

[@srinivasbimalkhedkar2416]

Excellent - a neat and clean explanation that one can follow! Well done!!

[@Drganguli]

Your advice especially on education of children is very true. I see parents sending their children to foreign universities with high tuition and living expenses. They are effectively bankrupting their own retirement as the kids will buy fancy cars etc and not support them later.

[@ramkrishn4762]

Future is uncertain. There should be sufficient cover of insurance on borrowed education loans.

[@sudhirkumarparakala7319]

Noted sir your advice

[@hjohnbarretto1283]

Your advice is very valuable and true. Infact very enlightning

[@audreyplant7056]

I agree 100 %. They get married & you are lucky to see them again. No appreciation ..😢😊😊

[@debajeetsharma9130]

Indeed a praiseworthy suggestion.

[@padmacharanpatnaik7959]

I am exceedingly overwhelmed on the excellent descriptions of high research meant for the senior citizens of India which are are absolutely right and highly rational without any iota of doubt or dispute .

[@kumarkanchanmunian6858]

I must say thanks to you. I am sure this episode is helpful to all people in this world

[@anantharamaniyer4357]

A very good advice for people who are on the verge of Retirement or have just retired.

[@sarojacharles5546]

Main thing was we should not believe anyone money must. Keep in the safe way we must maintain health this is very useful after retirement thanks

[@josephekette8918]

Hi video is food for thought and am a retired civil servant, and thanks for your advice,am a Nigerian and in eighties.

[@gopikrishna9279]

Great work! True to what you said, no hype, only substance in the most clear and understandable way!❤

[@bichitrabhushanmishra6800]

You are absolutely right. May God give all blessings

[@ashokchintha1715]

Sir, Your financial management techniques are very useful for happy retired life.Thanks for elaborate practical explanation

[@dilipkumarpatel8313]

Indeed some good wholesome advice that can be a great financial road map for me or female from the age of 16 to 80. Well done sir.

[@bhavtosh5328]

To counter old pension scheme govt should increase interest rate on fixed deposits it will benefit both govt and private employees.

[@mann24j]

Very very nice sir, yes these 9 rules you described are the golden rules for the retired person.

[@gopikanandachattopadhyay3456]

I go through this discussion attentively ! It's a very helpful sharing for all of us. I got advice from our ex-student of RKMV, who is working as a chief manager of a Bank and after watching your discussion I am satisfied ! Because your advices are same approach and on the same path. Thanks 🙏 for your service. ❤

[@rifatfarhan64]

Sir, I have retired from my service few months ago. The bank officer of SBI where my account is inforched has advised me about various schemes, but I am not satisfied with them, I am also not acquainted with benefit schemes. So I am in puzzling for utilizes the properly. My retired money is not a big one. Now I have in some problems like girls marriage, sons education, incomplete house etc. Pl. give me proper guidance for utilisation of my money so that I can't be repent in future.

[@tekursubramanyam9693]

Super caution points explained

[@bikashkumarmallik7776]

Thanks!

[@sanganiharawa5402]

I've watched this video for the first time. Based in Malawi. Very useful insights

[@Iamforspiritual]

It started as a suggestion & awareness video and ended as a Good promotional video.😊

[@KashinathsettyAS]

Thankyou very much sir. And please broadcast some more tips sir thank s

[@sharadaprasaddhakal9213]

Sir ! Your advices for retirees are very important for me and all old aged retirees .Thank you

[@jaypopat1117]

Very well and simple words explain how to save your capital and avoid mistakes which may risk and create problems at retirement age. "Just the right advice"

[@sasankasekharmaitra1627]

Thank you so much for most helpful information I ever received from someone. Your every word is 100% true. Now I am 68yrs, but unfortunately I don't have any reliable financial advisor. I am really confused. Fortunately I am still working enough to earn my living, but I am worried about my coming days. Your advice would help me a lot. God bless you. Please keep posting many more vdos for people like me

[@SarathKumarPillai]

Absolutely excellent and most vital information for the retired. Well focused advice.

[@sarwarali3760]

Your 9 points for retired persons are very good to save their retirement income for future life and to avoid any financial crises. As your goodself are aware that 70 to 80 percent people of India are not aware English. Therefore, it is requested to your honour to please your this useful video may please be issued in hindi/urdu as the peoples who don,t know English will highly grateful to you.

[@josepineegodibie8107]

Watching your video for the first time. It's an eye opener and very rich with relevant information for the retirees. Quite expository. Very good job.

[@prt3655]

I am regular on your channel. Your knowledge keeps us grounded and updated. Sending my thanks from Russia

[@vijayvijay-gx7vv]

Pretty good advice I love your every 9 points... I am following these 9 principles from my teenage .. Salute you sir... Thanks Ton...

[@parvathiparvathi.m.s.519]

Mind refreshing advice, thank you very much for straight forward advice.

[@deepaklad7979]

Excellent video for senior citizens 👏 👍 👌 🙌

[@53jadhavsuresh]

Planning for medical insurance is also important to curb the possible drain in fund.

[@charlesdsouza3893]

Very good, nice , useful talk to retire people. We are already following, safe. Your all points are very useful. We will share to our friends n relatives. Thank you very much for your good work. May Almighty God bless you abundantly.

[@pghatage]

You are awesome! This is one of the best videos on retirement advice. May God Bless You!

[@abdulazizkhosa8466]

Dear you are all the more correct.I appreciate your advice to retirees cos I tested all final Ncial venues for investment but fell flat resultantly. But as a Muslim I am deep in the belief that distribute wisely what you been blessed ,Allah the greatest finances e Replenishes what you and those only end up in catastrophic losses. I am ,by now,bit careful and follow your advice ,not completely tho even after losses of pkrs 80.00 millions. Alhamdolillah,no one can assess my financial status even in the face of huge losses.face value is still charming and appealing.

[@satishkulkarni7054]

Very sincere and concerned advice... Thank you sir for your efforts, your videos are real eye openers in financial management...

[@nareshkamat3523]

Plan for retirement early. Act as if you will retire 5 years prior to actual retirement and you will be surprised what magic those last 60 ( 5 years) pay cheques can do

[@srikrishnarr6553]

So good ....brotherly advice .... all points are gems to follow!!!!

[@anilsaxena1835]

Very good advices.i also lost my retirement fund in aadarsh credit cooperative society which is undergoing liquidation.

[@samavedamjanakiramasarma9983]

Excellent and very informative. Thanks as i have just retired from Govt service (30/11/23).

[@nilambajaj]

Already shared with my family members namely all my cousins

[@johnsonmathias3899]

Regular mutual funds are sold through brokers and financial advisors. They may have higher commissions than direct mutual funds. Direct mutual funds are sold directly by the fund company. They typically have lower fees than regular mutual funds. Over period of time there would be significant difference by investing direct with hihger yield

[@vasudevanp9110]

Sir, my humble pranams. I am unfortunate to listen this advise after my retirement. I did all mistakes you pointed out. But I am fortunate to tell my friends , how the should be, and not to commit mistakes I did. Thank you sir much for very stright forward, point blank advise. It will surely educate who are near to retirement. 👃👃👃

[@neerajgupta7751]

Well explained, thanks

[@dewdrops5969]

You deserve thanks for the advice. Many people are misguided and lose their money.

[@palazhysasidharan1815]

A very useful information for the retirees, and those at the verge of their retirement...really a valuable piece of advice..❤❤

[@vinodkumarillendula7665]

Very useful info sir.... Am sure all retirees should follow

[@syedmanzoorahmed1563]

Thanks for motivating, as I will be retired on June,24, You are saying very true facts.

[@gksarma429]

Very good advice sir. Every retired person should follow these advice.

[@hemendrananavatyheisgrands1353]

Absolutely correct all points. Fortunately I follow all these points

[@niveditasudhakarkinare3213]

V.v.informative video hoping to have more informative videos at the earliest.

[@suvidha9409]

Outstanding points which every retiree follow without any doubt and hesitation. 🙏🏻

[@explorewithnandagopal]

Excellent video with all the relevant inputs for people yet to retire or who have already retired. I know people who had lots of money even well before retirement - like the IT boom and land owners who earned huge money and after few years, same people are in doldrums after total mismanagement of their money!!

[@mohitdasgupta7698]

Some advices may seem bitter but naked truth. Love, faith , believing are onr thing but reality is another. Sentiments to be spend judiciously. Live for yourselve(s) and then love others.

[@ramkrishn4762]

After children get married, their spouse give new ideas. We see in many movies. It is fact to be clear on economi, social and financial issues.

[@raveendrannair4242]

Sir, one more advice. Do not borrow money( from financial institutions or anywhere else ) at the age of 60 agreeing to repay the EMI s from your monthly income.

[@sheoprasadrai9494]

Yr advice is very Good . These days recurring and fixed deposits ,PPF in post offices and public sector banks are only safe and dependable option. Share market is full of flaws in india. only

[@sanjibranjanmaity652]

It would have been further helpful if you had covered the subject of financial needs for medical safety measures for old people who don't have pension or governmental medical safety plans.

[@ganeshshetty8313]

Very good advice

[@mdanas4901]

Whether house construction after retirement is Good decession or bad decession please suggest sir.

[@mdanas4901]

Please suggest sir

[@kantajina9782]

Very excellent advise I am impressed number 9 capita. As Indian men hide so many things from rheir wives they think i dian women cant do anything in many cases but u are right otherwise fmly people rule her rest of her life thank you so much 🙏🙏🙏

[@amarnathsahoo7873]

Excellent analysis and very informative video for the retirees.Thank you so much, sir for your valuable advice.👍

[@Seb_Oti]

Thank you for the advice as I am 60 retiring this year

[@muralipadmanaban5867]

Excellent analysis and advise. Pls post more such informative videos.

[@hitsemm1416]

5:09 Its mistake no 3 of Not having Equity in your portfolio. Hv atleast 30 %. Use Conservative Hybrid funds , Multi asset Finds. If you retire at 60, you will live upto 80-90 , to beat inflation

[@subramanimani9779]

ONE OF THE VERY BEST ADVICE I HAVE EVER HEARD SO PERFECTLY PRESENTED EXTREMELY PRACTICAL TEACHING AND I HAVE SUBSCRIBED TO THIS CHANNEL THANK YOU VERY MUCH SIR AND HOPE TO HEAR FROM YOU MORE IN FUTURE DAYS

[@nasimsattar169]

Highly informative to avoid unwanted surprises! Thank you

[@margaretjohn5590]

Golden words,.. Thanks a lot. Each word is true and essential for our practical life.

[@Favellous]

Well spoken. It's better not to believe everything you hear out there. There are too many sharks out there.

[@hussainkhwaja3857]

I think some light should have been thrown on health or emergency of finance in case of medical expenses thank you very much