The document discusses the importance of retirement planning for Indians. It notes that the number of elderly people in India is projected to rise significantly by 2050. However, most Indians do not adequately plan for retirement. This can result in financial difficulties later in life. Retirement planning is crucial now given rising healthcare costs, longer lifespans, and decreasing interest rates on savings. Starting retirement planning early and contributing regularly over many years can significantly increase funds available at retirement through compounding returns.
Many questions arise around this topic: What is Artificial Intelligence and what isn't? What is possible today? How can my organisation use AI? Will this replace my job? What can we expect in the future?
We will answer these and more in our presentation. We help you understand the impact of digital on your business and give you concrete steps to start taking action.
Welcome to my SlideShare presentation on ChatGPT, a powerful language model based on the GPT-3.5 architecture.
In this presentation, I will introduce you to ChatGPT and explore its features and capabilities. ChatGPT is a state-of-the-art language model that can understand natural language and generate responses that are highly relevant and accurate.
I will discuss the underlying technology behind ChatGPT, including its neural network architecture and training process. I will also highlight the benefits of using ChatGPT, such as its ability to understand complex language and its potential applications in various industries.
Additionally, I will share examples of how ChatGPT can be used to improve customer service, create conversational interfaces, and generate human-like responses in various applications.
In conclusion, ChatGPT is a powerful tool for businesses and individuals looking to enhance their communication capabilities. Its advanced language understanding and generation capabilities make it an ideal solution for a variety of use cases. I hope this presentation has been informative and has given you a better understanding of the capabilities of ChatGPT.
Generative AI in insurance- A comprehensive guide.pdfStephenAmell4
Generative AI introduces a new paradigm in the insurance landscape, offering unparalleled opportunities for innovation and growth. The ability of generative AI to create original content and derive insights from data opens doors to novel applications pertinent to this industry.
The Future Of Work & The Work Of The FutureArturo Pelayo
What Happens When Robots And Machines Learn On Their Own?
This slide deck is an introduction to exponential technologies for an audience of designers and developers of workforce training materials.
The Blended Learning And Technologies Forum (BLAT Forum) is a quarterly event in Auckland, New Zealand that welcomes practitioners, designers and developers of blended learning instructional deliverables across different industries of the New Zealand economy.
Many questions arise around this topic: What is Artificial Intelligence and what isn't? What is possible today? How can my organisation use AI? Will this replace my job? What can we expect in the future?
We will answer these and more in our presentation. We help you understand the impact of digital on your business and give you concrete steps to start taking action.
Welcome to my SlideShare presentation on ChatGPT, a powerful language model based on the GPT-3.5 architecture.
In this presentation, I will introduce you to ChatGPT and explore its features and capabilities. ChatGPT is a state-of-the-art language model that can understand natural language and generate responses that are highly relevant and accurate.
I will discuss the underlying technology behind ChatGPT, including its neural network architecture and training process. I will also highlight the benefits of using ChatGPT, such as its ability to understand complex language and its potential applications in various industries.
Additionally, I will share examples of how ChatGPT can be used to improve customer service, create conversational interfaces, and generate human-like responses in various applications.
In conclusion, ChatGPT is a powerful tool for businesses and individuals looking to enhance their communication capabilities. Its advanced language understanding and generation capabilities make it an ideal solution for a variety of use cases. I hope this presentation has been informative and has given you a better understanding of the capabilities of ChatGPT.
Generative AI in insurance- A comprehensive guide.pdfStephenAmell4
Generative AI introduces a new paradigm in the insurance landscape, offering unparalleled opportunities for innovation and growth. The ability of generative AI to create original content and derive insights from data opens doors to novel applications pertinent to this industry.
The Future Of Work & The Work Of The FutureArturo Pelayo
What Happens When Robots And Machines Learn On Their Own?
This slide deck is an introduction to exponential technologies for an audience of designers and developers of workforce training materials.
The Blended Learning And Technologies Forum (BLAT Forum) is a quarterly event in Auckland, New Zealand that welcomes practitioners, designers and developers of blended learning instructional deliverables across different industries of the New Zealand economy.
Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind for 2017.
Give a background of Data Science and Artificial Intelligence, to better understand the current state of the art (SOTA) for Large Language Models (LLMs) and Generative AI. Then start a discussion on the direction things are going in the future.
TEDx Manchester: AI & The Future of WorkVolker Hirsch
TEDx Manchester talk on artificial intelligence (AI) and how the ascent of AI and robotics impacts our future work environments.
The video of the talk is now also available here: https://youtu.be/dRw4d2Si8LA
How to fine-tune and develop your own large language model.pptxKnoldus Inc.
In this session, we will what are large language models, how we can fin-tune a pre-trained LLM with our data, including data preparation, model training, model evaluation.
How to build a generative AI solution From prototyping to production.pdfStephenAmell4
Generative AI is a revolutionary technology that allows computers to create new content by utilizing existing text, audio files, or images. With generative AI, computers can detect the underlying patterns in the input and produce similar content, unlocking new levels of creativity and innovation.
AI in Business - Key drivers and future valueAPPANION
Artificial Intelligence is undoubtedly a hyped topic at the moment. But what is the reasoning for investors and digital platform players to bet very large amounts of money on this technology right now? To better understand the current market dynamics and to give an overview of renown predictions for the upcoming 2-3 years, we compiled a practical overview of this topic. This report covers the major driving forces of AI, assumptions for the future from the industry thought leaders as well as practical advice on how to start AI projects within your company.
Generative AI models, such as ChatGPT and Stable Diffusion, can create new and original content like text, images, video, audio, or other data from simple prompts, as well as handle complex dialogs and reason about problems with or without images. These models are disrupting traditional technologies, from search and content creation to automation and problem solving, and are fundamentally shaping the future user interface to computing devices. Generative AI can apply broadly across industries, providing significant enhancements for utility, productivity, and entertainment. As generative AI adoption grows at record-setting speeds and computing demands increase, on-device and hybrid processing are more important than ever. Just like traditional computing evolved from mainframes to today’s mix of cloud and edge devices, AI processing will be distributed between them for AI to scale and reach its full potential.
In this presentation you’ll learn about:
- Why on-device AI is key
- Full-stack AI optimizations to make on-device AI possible and efficient
- Advanced techniques like quantization, distillation, and speculative decoding
- How generative AI models can be run on device and examples of some running now
- Qualcomm Technologies’ role in scaling on-device generative AI
An overview of the most important AI capabilities in marketing, advertising and content creation. I made this presentation to inform, educate and inspire people in the creative industries to familiarise themselves with the incredible toolsets that are already here and in development. I also explain how generative Ai works explore some possible new roles and business models for agencies. Hope you enjoy it!
Have you ever bought something to improve your mood? Are there any emotional triggers that make you want to spend money?
This week’s #CreditChat featured smart tips to help you control your spending this holiday season. The panel included: Ginger- Founder of Girls Just Wanna Have Funds, Paul Moyer, Founder of Saving Freak, Rod Griffin- Director of Public Education at Experian and Mike Delgado- Social Media Community Manager at Experian.
The chat featured tips from @SavingFreak, @Rod_Griffin, @Credit_IQ, @care4yourfuture, @suddenlyfrugal, @Kasasa, @CordiaGrad, @FTWCCU, @WeAreMortgages, @MoneyCrashers, @DebbiKing, @jennifercwhite, @KOFETIME, @SFCUNews, @MiriamSCross, @FedChoiceFCU, and @BeverlyHarzog.
Generative AI: Redefining Creativity and Transforming Corporate LandscapeOsaka University
The advent of Generative AI is redefining the boundaries of creativity and markedly transforming the corporate landscape. One of the pioneering technologies in this domain is the Reinforcement Learning from Human Feedback (RLHF). Combined with advancements in LLM (Language Model) has emerged as a notable player. LLM offers two primary interpretations: firstly, as a machine capable of generating highly plausible texts in response to specific directives, and secondly, as a multi-lingual knowledge repository that responds to diverse inquiries.
The ramifications of these technologies are widespread, with profound impacts on various industries. They are catalyzing digital transformation within enterprises, driving significant advancements in research and development, especially within the realms of drug discovery and healthcare. In countries like Japan, Generative AI is heralded for its potential to bolster creativity. The value generated by such AI-driven innovations is estimated to be several trillion dollars annually. Intriguingly, about 75% of this value, steered by creative AI applications, is predominantly concentrated within customer operations, marketing and sales, software engineering, and R&D. These applications are pivotal in enhancing customer interactions, generating innovative content for marketing campaigns, and even crafting computer code from natural language prompts. The ripple effect of these innovations is palpable in sectors like banking, high-tech, and life sciences.
However, as with every innovation, there are certain setbacks. For instance, the traditional business model of individualized instruction, as seen in the context of professors teaching basic actions, is on the brink of obsolescence.
Looking ahead, the next five years pose pertinent questions about humanity's role amidst this technological evolution. A salient skillset will encompass the adept utilization of generative AI, paired with the discernment to accept or critique AI-generated outputs. Education, as we know it, will be reimagined. The evaluative focus will transition from verifying a student's independent work to gauging their ability to produce content surpassing their AI tools. Generative AI's disruptive nature will compel us to re-evaluate human value, reshaping the paradigms of corporate management and educational methodologies
Delve into this insightful article to explore the current state of generative AI, its ethical implications, and the power of generative AI models across various industries.
Retirement is one of the most important life’s event many of us will ever experience. From both personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. visit https://www.financialhospital.in/retirement-planning.php to know more
Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind for 2017.
Give a background of Data Science and Artificial Intelligence, to better understand the current state of the art (SOTA) for Large Language Models (LLMs) and Generative AI. Then start a discussion on the direction things are going in the future.
TEDx Manchester: AI & The Future of WorkVolker Hirsch
TEDx Manchester talk on artificial intelligence (AI) and how the ascent of AI and robotics impacts our future work environments.
The video of the talk is now also available here: https://youtu.be/dRw4d2Si8LA
How to fine-tune and develop your own large language model.pptxKnoldus Inc.
In this session, we will what are large language models, how we can fin-tune a pre-trained LLM with our data, including data preparation, model training, model evaluation.
How to build a generative AI solution From prototyping to production.pdfStephenAmell4
Generative AI is a revolutionary technology that allows computers to create new content by utilizing existing text, audio files, or images. With generative AI, computers can detect the underlying patterns in the input and produce similar content, unlocking new levels of creativity and innovation.
AI in Business - Key drivers and future valueAPPANION
Artificial Intelligence is undoubtedly a hyped topic at the moment. But what is the reasoning for investors and digital platform players to bet very large amounts of money on this technology right now? To better understand the current market dynamics and to give an overview of renown predictions for the upcoming 2-3 years, we compiled a practical overview of this topic. This report covers the major driving forces of AI, assumptions for the future from the industry thought leaders as well as practical advice on how to start AI projects within your company.
Generative AI models, such as ChatGPT and Stable Diffusion, can create new and original content like text, images, video, audio, or other data from simple prompts, as well as handle complex dialogs and reason about problems with or without images. These models are disrupting traditional technologies, from search and content creation to automation and problem solving, and are fundamentally shaping the future user interface to computing devices. Generative AI can apply broadly across industries, providing significant enhancements for utility, productivity, and entertainment. As generative AI adoption grows at record-setting speeds and computing demands increase, on-device and hybrid processing are more important than ever. Just like traditional computing evolved from mainframes to today’s mix of cloud and edge devices, AI processing will be distributed between them for AI to scale and reach its full potential.
In this presentation you’ll learn about:
- Why on-device AI is key
- Full-stack AI optimizations to make on-device AI possible and efficient
- Advanced techniques like quantization, distillation, and speculative decoding
- How generative AI models can be run on device and examples of some running now
- Qualcomm Technologies’ role in scaling on-device generative AI
An overview of the most important AI capabilities in marketing, advertising and content creation. I made this presentation to inform, educate and inspire people in the creative industries to familiarise themselves with the incredible toolsets that are already here and in development. I also explain how generative Ai works explore some possible new roles and business models for agencies. Hope you enjoy it!
Have you ever bought something to improve your mood? Are there any emotional triggers that make you want to spend money?
This week’s #CreditChat featured smart tips to help you control your spending this holiday season. The panel included: Ginger- Founder of Girls Just Wanna Have Funds, Paul Moyer, Founder of Saving Freak, Rod Griffin- Director of Public Education at Experian and Mike Delgado- Social Media Community Manager at Experian.
The chat featured tips from @SavingFreak, @Rod_Griffin, @Credit_IQ, @care4yourfuture, @suddenlyfrugal, @Kasasa, @CordiaGrad, @FTWCCU, @WeAreMortgages, @MoneyCrashers, @DebbiKing, @jennifercwhite, @KOFETIME, @SFCUNews, @MiriamSCross, @FedChoiceFCU, and @BeverlyHarzog.
Generative AI: Redefining Creativity and Transforming Corporate LandscapeOsaka University
The advent of Generative AI is redefining the boundaries of creativity and markedly transforming the corporate landscape. One of the pioneering technologies in this domain is the Reinforcement Learning from Human Feedback (RLHF). Combined with advancements in LLM (Language Model) has emerged as a notable player. LLM offers two primary interpretations: firstly, as a machine capable of generating highly plausible texts in response to specific directives, and secondly, as a multi-lingual knowledge repository that responds to diverse inquiries.
The ramifications of these technologies are widespread, with profound impacts on various industries. They are catalyzing digital transformation within enterprises, driving significant advancements in research and development, especially within the realms of drug discovery and healthcare. In countries like Japan, Generative AI is heralded for its potential to bolster creativity. The value generated by such AI-driven innovations is estimated to be several trillion dollars annually. Intriguingly, about 75% of this value, steered by creative AI applications, is predominantly concentrated within customer operations, marketing and sales, software engineering, and R&D. These applications are pivotal in enhancing customer interactions, generating innovative content for marketing campaigns, and even crafting computer code from natural language prompts. The ripple effect of these innovations is palpable in sectors like banking, high-tech, and life sciences.
However, as with every innovation, there are certain setbacks. For instance, the traditional business model of individualized instruction, as seen in the context of professors teaching basic actions, is on the brink of obsolescence.
Looking ahead, the next five years pose pertinent questions about humanity's role amidst this technological evolution. A salient skillset will encompass the adept utilization of generative AI, paired with the discernment to accept or critique AI-generated outputs. Education, as we know it, will be reimagined. The evaluative focus will transition from verifying a student's independent work to gauging their ability to produce content surpassing their AI tools. Generative AI's disruptive nature will compel us to re-evaluate human value, reshaping the paradigms of corporate management and educational methodologies
Delve into this insightful article to explore the current state of generative AI, its ethical implications, and the power of generative AI models across various industries.
Retirement is one of the most important life’s event many of us will ever experience. From both personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. visit https://www.financialhospital.in/retirement-planning.php to know more
Life-A Promise is a quarterly magazine published by me for private circulation only. It generally consists of articles related to personal finance, self-development and mind management.
PICTURE IT your moment of retirement. You’ve worked hard to get here. Now it’s time to
do all of the things you’ve been dreaming about for the last 40 years. Whatever it is you want
to do, you’re going to need to make sure you have a paycheck to do it.
During your working years, your focus was saving for retirement. But now your focus shifts to
creating income in retirement. That means creating a paycheck from your retirement savings.
When planning how much income you’ll need for your retirement paycheck, it’s important to
consider the impact outside factors can have on how long your money will last.
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
Actuary Steve Vernon, retirement expert, Fellow of the Society of Actuaries and president of Rest-of-Life Communications, provides his recommendations regarding the current state of retirement and what individuals, employers and plan sponsors should do to prepare for retirement. For more information, visit www.restoflife.com
"If only I had"... LV= insights into retirement planning webinarILC- UK
As part of this debate LV= shares the findings from their quarterly Wealth and Wellbeing research programme, which surveys a nationally representative sample of 4,000 adults across the UK on a variety of topics, including their changing attitude to their finances and their wider wellbeing.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
1. Pension or Tension
Retire happily ……….
Retire = Death of income
Latest UN report : The number of indians above 60 yrs is
projected to rise by 55% by 2050.
2. 3 idiots
1. How to buy all the expensive medicines Dr has
prescribed ?
2. How to buy the expensive toy his grand-daughter
wants ?
3. Sitting in Thomas cook’s office, whether to go to
Australia or Europe for holiday ?
How soon & how much , will decide the
above …
3. Inflation = Bob Biswas ( Kahaani)
Silent & ruthless
Milk Rs 43/- litre will cost Rs 230/- per litre ( @6%
inflation) after 30 years.
Healthcare expenses 2% when u r 25 , will rise to 60%
when u cross 60.
Healthcare inflation is rising 3 times than WPI.
Uncertainty of returns ( only exception JS)
4. Late start , bigger problem than
uncertain returns.
10% people start planning for retirement in the first 5
years of their careers.
20% people have retirement plans in place by 10th year
of their careers.
Indians start thinking about RP when they are 30 yrs
old.
Actual implementation happens when they are
nearing age 50.
Magic of compounding
5. Magic of compounding
1 grain of rice / double every month
Yr 15 = 6.5 Kg
Yr 20 = 210 Kg
Yr 25 = 6700 Kg
Yr 31 = 2.15 L Kg
6. National Pension Scheme
NPS is a social security initiative by the Central Government.
This pension program is open to employees from the public, private
and even the unorganized sectors.
The scheme encourages people to invest in a pension account at regular
intervals during the course of their employment.
After retirement, the subscribers can take out a certain percentage of
the corpus.
As an NPS account holder, you will receive the remaining amount as a
monthly pension post your retirement.
Earlier, the NPS scheme covered only the Central Government
employees.
Now, however, the PFRDA has made it open to all Indian citizens on a
voluntary basis.
PFRDA ( Mr Supratim Bandyopadhyay, Chairman)
The scheme is portable across jobs and locations, with tax benefits
under Section 80C and Section 80CCD (1B)
7. Taxation
You can claim any additional self contribution (up to
Rs 50,000) under section 80CCD(1B) as NPS tax
benefit.
The scheme, therefore, allows a tax deduction of up to
Rs 2 lakh in total.
8. Withdrawal Rules After 60
Contrary to common belief, you cannot withdraw the entire
corpus of the NPS scheme after your retirement.
You are compulsorily required to keep aside at least 40% of
the corpus to receive a regular pension from a PFRDA-
registered insurance firm.
The remaining 60% is tax-free now.
As a pension scheme, it is important for you to continue
investing until the age of 60.
However, if you have been investing for at least 3 years, you
may withdraw up to 25% for certain purposes.
These include children’s wedding or higher studies,
building/buying a house or medical treatment of
self/family, among others.
9. 2 types of old people in world
1. Who live happily
2. Who live lonely & abandoned lives
WHY ?
Absence of regular income
No identification with the older U ( oldify.app in
iphone or old family album)
10. Regular income after retirement ?
Total indians who are earning = 45 Crs
People with jobs = 7.2 Crs
Govt Jobs = 1.8 Crs
Pvt jobs = 5.4 Crs
Business = 23.85 Crs
Daily wage earners = 13 crs
96% indians don’t have pension facility.
11. Indian Outlook towards retirement
planning
Save for
retirement
Don’t save for
retirement
Not aware about
retirement
planning
Govt employees 20% 32% 48%
Pvt sector
employees
11% 26% 63%
Businessmen 5% 28% 67%
Daily wage earners 6% 31% 63%
12. Earlier generations didn’t require
retirement planning because ….
1. Joint family system
2. Short life span after age 60
3. Higher rate of interests on investments
13. Things have changed now ….
Nuclear families
Big strides in medical science
Low rate of interests on investments
Living too long is bigger problem than dying too young
( if retirement planning is absent)
14. Life span is increasing
Modern medical facilities
Earlier life expectancy was 67 yrs, now it is 77 yrs & is
expected to touch 85 yrs by yr 2030.
Committing suicide because of physical & mental pain
( if money for medication is not there) is crime in
India.
17. 1. I can easily manage my
retirement expenses
Earlier times
Working life : Age 18 – age 60 ( 42 yrs )
Retirement life : Age 60 – age 67 ( 7 yrs )
Future TENSE
Working life : Age 25 – age 55 ( 30 yrs )
Retirement life : Age 55 – age 85 ( 30 yrs )
18. 2.Expenses reduce after retirement
Expenses Year 2000 Year 2015
Health 100 400
Electricity 100 266
Fruits, vegetables 100 717
Fuel 100 316
Gas 100 335
Grains 100 381
19. 3. I can depend on my kids
They themselves are struggling to float in this cut-
throat corporate world.
They themselves don’t have job security.
Their own cash flow can stop anytime.
They are already over-leveraged.
They have to run faster to stay where they are.
20. 2.Expenses reduce after retirement
20 yrs ago , monthly budget of a middle class family=
Rs 6,000/-
Today = Rs 60,000/-
20 yrs later, Rs 6,00,000/- ???
21. 4. Interest on my savings
ROI in 1985 @18% ( Rs 1500/- pm interest on Rs 1 lac)
ROI in 1995 @14% ( Rs 1166/- pm interest on Rs 1 lac)
ROI in 2005 @11% ( Rs 916/- pm interest on Rs 1 lac)
ROI in 2016 : @7% ( Rs 583/- pm interest on Rs 1 lac)
ROI going down & inflation going UP ..
22. 5. I will think about retirement
when I am nearing retirement
Age Retirement
age
Saving
Window
Monthly
savings
Maturity
amount
Loss due
to delay
30 60 30 1ooo0 2,17,13,211
40 60 20 10000 75, 60,300 1,41,52,911
50 60 10 10000 21.03,740 1,96,09,471
23. Lack of retirement planning results
in ….
Poor health
No freedom
No self-respect
No satisfaction
24. Would u like to be burden on your
kids after retirement ?
Do u think your kids will take care of u ?
Do u think your brother/sister & their kids will take
care of u ?
Do u think any other relatives of yours will take care of
u ?
Do u think GOI will take care of u ?
Only (today’s) U, can take care of (tomorrow’s) U.
25. Quotes from few retired people
Lots of things were pending during my working life , I
am going to enjoy them now.
I want to take some rest now.
I have to search for a new job immediately after
retirement.
Thought of retirement scares me.
Unfortunately some people can never retire.
26. Few opinions of people on
retirement planning
Age Dialogue
30 Retirement planning & me ? R u mad ?
40 My father needs pension. Go & ask him.
50 My topmost priority today is my son’s education & daughter’s
marriage, everything else can wait. ( You can take loans for these
milestones but no one will give you loan for old age expenses.)
60 Wish u had met me 20 yrs ago …
27. Helpage India survey findings
Old people above age 60 :
42% are insulted on daily basis
37.8% are verbally insulted
28.2% are ignored & are tortured financially
Son & daughter-in-law are the biggest tormentors
53.4% can’t answer to above insults
Main reason for torture is property
During golden years u r called rich, if u own property but
u can only be free ( financially, mentally, physically
etc) if you have liquid cash.
28. Your only true son ::: LIC
Most trusted & only indian financial brand which is
successfully & honestly operational for last 64 yrs.
When you are investing long term ( invest for 30 yrs &
get returns for 30 yrs) , you need a stable & 64 yrs
young hand like LIC.
U/s 37 of Life insurance laws , all the investments &
committed returns are safeguarded & guaranteed by
GOI.
29. Current age 25 50 55 60
Pension pm 25000 25000 25000
Investment pm 6000 4000 2200
Guaranteed BM 17 L + B 13 L + B 9 L + B
Amount to Family 60 L 56 L 52 L
Current age 35
Pension pm 25000 25000 25000
Investment pm 20000 11500 6600
Guaranteed BM 28 L + B 23 L + B 17 L + B
Amount to Family 71 L 66 L 60 L
30. HAPPY GOLDEN YEARS ……
Prashant Sawant
Global Training Group, India
98204 08795
Prashantsawant.com