The document provides tips for preparing financially for retirement. It advises retirees to budget for living expenses in retirement, determine retirement income sources from savings and investments, plan for contingencies, find hobbies and activities to pursue in retirement, and maintain healthy living habits. Key aspects to consider include setting income targets, knowing investment returns and locations, ensuring liquidity for emergencies, and developing vocations to keep busy and engaged in retirement.

1. Get retirement-ready.
A presentation by Shyam Sekhar, Chief Ideator, ithought

2. Retirement is not the end of everything.
It is just the end of one long association.

3. Retirement is often the beginning of a new life.
Retirees find less time after they hang their
boots.

4. Retirement is more about loss of power.
Ensure you don't let it hurt you.

5. A retired husband is often a
wife's full time job.

6. “Retirement kills more people than hard work ever did.”
- Malcolm Forbes

7. You don't know what all you can do till you
find the time to try.

8. Your choices should be what you can afford
and what will definitely not hurt you.

9. Reinvent yourself. It is important to tell the
world that you have a lot left to do.

10. If you prepare well, retirement will definitely
be the beginning of good times.

11. Preparing for your retirement

12. Know your expenses –
Budget Life after retirement
•Maintain your current standard of living.
•Account for your regular expenses – groceries,
household maintenance expenses etc.
•Plan your medical expenses.

13. Know your income – Know how you will earn
and how much
•Decide until what age you want to work.
•Set an annual income target for your retired years.
•Know the current market value of all your savings
and investments.
•Determine a realistic real rate of return(net of
inflation) on your investments.
•Create annuity income.

14. Know your sources – Where is your money invested?
• Savings in bank
• Equity/ Mutual Fund investments
• Gold
• Real estate
• Insurance

15. Plan your contingency – Know where to find money in
an emergency
• In an emergency, not all assets can be easily
liquidated.
• It is important to have enough liquid assets.
• Liquid assets give you ready access to money.
• You need to know how much of your assets
should be kept liquid.
• Carefully assess how much you will need in a
contingency or emergency.

16. Know what you want to do – Find vocations that suit
you. Prepare.
• Take up a full time job.
• Work part-time.
• Do specific consulting work.
• Work for society and keep busy.
• Build knowledge in new domains.
• Travel.
• Lead a more socially engaging life.

17. Being healthy – Know what you need to do
• Maintain medical records.
• Be aware of your medical history.
• Keep track of how often you need check ups.
• Maintain a medicine chart for your various
medicines.
• Follow a lifestyle that keeps you fit.

18. Wealth matrix
Regular Income Options Risk Profile
Monthly income Pension, Senior Citizen
Scheme, Post office MIS, MIP,
Rent
Low risk
Quarterly income FD interest, Dividend from
debt funds
Low risk
Half yearly income
Annual income Dividends from equity,
Insurance, FMP dividend
Low risk
Capital Gains Options Risk Profile
Short-term Equity, commodity trading Moderate to high risk
Long-term Real estate, gold, equity,
insurance maturity