For post-retiral income, Bakshi is highly dependent on rentals from his real estate investments. “I don’t have any specific plan for retirement, but have a couple of real estate investments, including commercial property," said Bakshi. However, given the lull in the real estate market for the last several years and the current slowdown in the economy, he is now concerned. “It is unlikely that real estate will give efficient returns at least in next few years; also rentals will depend on demand and supply. At the empty-nester stage, there is a change in the expenses pattern: while regular expenses related to children come down, medical expenses tend to increase.

Source: Mint January 02, 2020 00:22 UTC