But it needs a strong retirement planning. As future is uncertain and anything can happen like Health problems in old age, unfortunate Natural calamities (accidents) etc

You should take utmost care in planning for your retirement. Some of the factors that are needed to be implemented for a smooth retirement life are:

Always make it a point that you should save some percentage i.e10% of your monthly income. You can decide the percentage based upon your requirements and income. Do not spend money from this saving.

Adhere to an appropriate retirement plan which suites your need and income requirement. Do not choose a retirement plan sacrificing your basic needs.

You should invest in health policies, children education plan etc. because you will get an extra benefit of saving tax. Most of these plans are excluded from tax deduction. This way you can save more.

Apart from savings try to spend wisely in securities taking the risk factor in mind. Try spending in equity’s for high risk and high gain. If you want a fixed and safety income then you should stick to debentures etc.

You should try to get rid of your credit as soon as possible. This will make you to lead a debt free life post retirement. Attempts should be made on your part to avoid taking credit. Use the credit cards wisely and that too in the state of urgency.

Make one thing clear in mind do not think that retirement is the end of your life and you have nothing to do. < Start your own business after retirement and enhance your personal finance.