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What does retirement planning mean?
It is never too early to start planning for retirement. Retirement planning means taking care of vital aspects of life - your personal fulfillment, your health, and financial security.
Well most people in India consider the retirement planning as one of the most challenging risks. This is because of several factors that can affect the plan of most retirees. The most obvious are the lifespan and the state of health of most retirees where in the retirement plans are considered to be critical since the life in years and the well being of the pensioners are the basis of shaping up most retirement plans.

The others reasons why the retirement plans in India is a difficult one is because of the inflation that affect the saving and also the interest rates in the Indian economy. No matter what happens inside the economy of the Indian nation, there are simple tips for you to remember and must for following so that you can survive, and survive well, when it come to facing some of these challenges.

In another development, one of the most essential and basic questions of retirement planning, is the one that is unfortunately also the most ignored: does your retirement plan cover health care insurance?

It is important to start thinking about health care issues as you begin planning for your retirement needs. Always remember that planning ahead will protect you and your family from the possibility of having to pay considerable health care costs, or worse, being unable to afford health care or long term care when you need it.

Always take the necessary steps to protect your financial future as well as to plan ahead for your health care needs. As a generality, however, most people do not pay enough attention to this very important aspect of life; planning.

A large number of people, pre-retirees as well as retirees, readily agree that health and health care are the most important issues in retirement. However, almost not many really spend enough time actually planning for health issues in retirement. Most pre-retirees do undertake some kind of planning for the financial aspects of retirement, but seem to neglect understanding and planning for health benefits options.

Remember, early retirement planning should focus more on health, rather than the size of your investment portfolio.

Many people are hit with a sense of loneliness they hadn't expected when they retire. For many, being alone overshadows many of the positive aspects of not working anymore.

Another vital inherent issue in retirement is "loneliness". Many people fail to realize the importance of connections in their working life. Before retiring, people often work for the same organization for twenty or thirty years. Even if they don't socialise outside of the office, many feel a sense of kinship to their associates. A type of family bond often occurs when people work together for a long time.

While many people enter retirement and are shocked or disappointed by a sense of loneliness, there are many things you can do to connect with others. Unfortunately, most will require initial effort on your part. For people who love to tag along and don't like to take initiative, this can be a challenge. Set small goals and experiment with activities that will get you involved with others.

The most concrete step for you to have a retiree is to set a target or a goal for you to follow and for you to be guided as you go along the way.

On a final note, it is worthwhile to note that retirement may result in the disappearance of what has helped define who we are and what we do. This can produce a feeling of loss, fear of the future and intense loneliness.

In addition to these internal issues, a retiree may be faced with adjusting to the change in the relationship's status. Two people at home together find altered routines can result in feelings of claustrophobia as they get in each other's way. Daily routines are upset. The result for many retirees is not a sense of a new beginning but a feeling this is the beginning of a painful end.

Life coaching provides those who are thinking of being retired; an excellent chance to look at and analyze what their goals should be during this period of life. Life coaching can have you talk about your options.

For some, this would be finally sitting down and writing that great novel or work on so-and-so; others may want to move abroad or even set up their own small, independent business. Some know what they really want to do but their focus is on how to maintain a solid and happy relationship with their significant other during this time of change.

Retiring does not mean you have no future. You can still work on investing in your dreams and organising your plans. Life coaching will work with you to resolve any issues and help guide you towards a future where retirement is truly golden and not tin.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of In case you have a opposing view, please click here to share the same in the comments section.
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