Financial Awareness
Aug 25, 2025

It was a comprehensive lecture about Financial Awareness for Seniors. We learned about the need for planning of accumulated wealth after superanuation, when regular income has stopped especially since the expected life span of persons is now said to be 90+ yrs. An inflation rate of 5% is an integral part of developing economies. Inflation causes an erosion of accumulated capital, if not increased at same rate. Debt Assets (Bank FDs / Post Schemes) are safe and easy to handle but give returns that are less than inflation. So, it is necessary for us all to invest some portion of our savings in Equity Assets like Equity Mutual Funds in order to earn higher returns than FDs, which beats the inflation in long term but is volatile in nature. Everybody must make a Will to transfer wealth to children without problem.