It’s Her Life, She Has To Plan It Herself

Women in India are now making different choices, one of them is staying single. For such women, financial planning for retirement is all the more important to ensure their independence. In an interview, Ventura Securities Director Juzer Gabajiwala tells Jyotika Sood the retirement mantras for single women. Excerpts from the interaction: What kind of financial planning is required for a single woman before she retires? For a single woman, the most important financial goal is retirement since they would not be having any support system, especially after their retirement. There can be many other ancillary goals like travel, buying a house, or a car. In a country like India, the private sector does not provide pensions and there is no government social security programme. They need to be meticulous about their retirement planning. There would be no life insurance needed as the person would...