You can park your money with banks as part of your savings for post-retirement years, says Srikumar Bondyopadhyay
An old adage goes like this: earn today, live tomorrow. The virtues of saving for the future is well-known but a more pertinent question now is: are we saving enough to live many more years than our parents and grandparents did after retirement?
A World Health Organisation report estimated that life expectancy in India increased to 65 years in 2009 from 57 years in 1990. The technical group on population projections under the ministry of health and family welfare estimated the life expectancy to go up to 72 years by 2025."