He has been putting aside some funds on a regular basis to build a retirement corpus. What are the factors that Dinesh should consider while deciding his retirement age?Given the rising life expectancy and healthy lifestyles, people's attitude towards age have undergone a sea change. Dinesh might also want to delay his retirement and choose to work well into his 60s, if his health and stamina permit. He will also need to consider the size of his retirement corpus, the adequacy of his life and health insurance , visibility of post-retirement income, and assessment of household cash flow and budget.Clearly, there's more to taking the retirement call than just age. Despite all the planning, there may be risks such as physical disability, a sudden turn of events or outliving his assets.

Source: Economic Times September 26, 2016 01:03 UTC