News You Can Use

The term FIRE has gained popularity in recent times. For those of you who haven’t heard it before, it stands for – Financially Independent, Retire Early.... .... The starting point to becoming FIRE is to actually know what one wants to do and where one wants to be financially to achieve that purpose. Everyone’s needs and wants are different and everyone therefore needs a different amount of money to reach FIRE status. One only needs to remember that the purpose at the core should be something that gives you immense happiness, and beyond a point, “there are many things in life that money still can’t buy”....

In this weeks Livwise feature, we talk about something different, our health, and some surprising facts about how we may need to plan for it in the future. While health care advances are helping us live longer, it might surprise you to know that it is increasing the incidence of “internally born” diseases like cancer. Hence planning for retirement needs to take this into account as well. Also linked is a brilliant article by Sri Krishna in The Wire who tells us why this is so.

When one heard recently about the shut-down of Jet Airways, the immediate feeling was one of sadness. When one thinks deeper, the question that comes to mind is – how many of these employees ever thought that something like this could happen to them? Even if a few of them imagined it, did they plan for the consequences? Read on...