Wealth Strategy

Mid-career financial blues?

The third in our series on financial planning, we discuss a mid-career profile.

Mid-career financial blues? Even if you don't have your act in order, all is not lost. Anand, just over 40, sent us a mail with an interesting observation: "Never in my life have I earned so much and never was financial dependence on me this high". So while he did see a steady growth in earnings over the years, he also witnessed a rise in expenses. Apart from household expenses and education expenses of two children in school, the future was playing on his mind. Retirement was slowly creeping upon him. The expenses on higher education of his children was cause for concern. While he did not mention it, saving for children's marriage would also be a priority for a number of parents

This article was originally published on November 23, 2006.


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