POSTED BY December 18, 2010 3:57 am COMMENTS (3)ON
I understand the importance of planning for big goals in life and saving towards them (mine are: raising 2 kids, their college in another 12 years, thier marriage, and my retirement). I have some rough estimates of how much I may need for the kids.
When it comes to retirement savings, it is not very clear. The reason being I live in the middleeast and plan to settle down in India post retirement (say, 55 years). I have a decent living right now and will be happy to lead a similar or toned down life, post retirement. But since my post retirement will be in India how do I calculate how much savings should I have as I wouldn’t know how much would it be in rupees to lead a similar life in India that I lead now in the middleeast? I am now 35..
Need some enlightenment