---
title: "What is a feasible retirement plan for the current lifestyle of Indians?"  
description: "What is a feasible retirement plan for the current lifestyle of Indians?"  
author: "Sapna Singh"  
published: 2019-01-29  
canonical: https://answers.mindstick.com/qa/51762/what-is-a-feasible-retirement-plan-for-the-current-lifestyle-of-indians  
category: "finance"  
tags: ["investing and financial markets", "investment banking", "investment theory", "finance"]  
reading_time: 2 minutes  

---

# What is a feasible retirement plan for the current lifestyle of Indians?

[Describe](https://www.mindstick.com/forum/158512/how-does-a-decision-tree-algorithm-work-describe-the-process-of-building-a-decision-tree) [Detailed](https://yourviews.mindstick.com/view/84608/what-are-hindenburg-s-allegations-against-adani-detailed-explanation) [Retirement](https://www.mindstick.com/articles/116086/how-to-age-with-no-regrets-infographic) [plan](https://www.mindstick.com/articles/44026/making-a-plan-to-be-a-building-contractor) for [senior](https://www.mindstick.com/articles/44102/main-reasons-why-you-should-look-at-senior-home-care-over-and-above-nursing-homes) [citizen](https://answers.mindstick.com/qa/41216/what-is-the-japanese-american-citizen-s-league)

## Answers

### Answer by Aman Khanna

Okay! So when you say the lifestyle of current Indians, I assume I am included. Accordingly, as per my own opinion, I would like to keep a balance between safe investments and volatile investment. My final aim is always to earn as much as I can in the form of interest income without losing much of my principal balance. ![What is a feasible retirement plan for the current lifestyle of Indians?](https://answers.mindstick.com/questionanswer/32a134f3-f347-4c42-8d15-7c40edf5a698/images/5ea446d9-fdc8-481a-bb83-cd826722043e.jpeg)\
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For reference, here’s the strategy I follow:-

- I invest as much as Rs 20, 000 in an FD every month. However, every alternate month I invest in non-cumulative FD schemes. In short, out of 12 FDs of Rs 20, 000 each, 6 are non-cumulative schemes and the other 6 are cumulative schemes. The interest income generated through non-cumulative schemes is then re-invested in mutual funds and other market-linked investment schemes. This way, I no longer have to worry about losing money because that’s hard from my own pocket.
- Moving on, I invest approximately Rs 50, 000 - Rs 60, 000 every once a year in a **senior citizen FD scheme** but in my father's account. This increases the TDS exemption limit and a higher amount is generated through investment.
- Lastly, I invest a very insignificant amount ranging from Rs 500 to Rs 800 in SIP.


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