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The Old Playbook Is Broken: A Dynamic Strategy For Retirement

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The Old Playbook Is Broken: A Dynamic Strategy For Retirement


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India’s seniors like Rajesh and Priya are redefining retirement with active lifestyles. Discover why dynamic financial planning is essential for longer lives.

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Investment

Let me tell you about two of the people I worked with (names changed for privacy). Rajesh, 62, just launched his third startup after “retiring” from his corporate career. And Priya, 58, is meticulously planning her dream solo Euro-trip now that her children have settled abroad.

Five years ago, I would have called them outliers. Today, they represent the new reality of India’s seniors – healthier, wealthier, and seeking dramatically more out of life than any previous generation.

However, when I review the financial plans of people in their 50s and beyond, I see the same outdated frameworks we’ve been using for decades. I see them still using the ancient playbook of calculating a retirement corpus at 50, parking it in “safe” fixed deposits, and hoping the FDs would outlast them.

But, here’s the uncomfortable truth I’ve learned: Life expectancy in India has jumped from 54 years in 1990 to over 70 years today. Many of the people I worked with, who are already in their 50s, will live 30+ years after turning 60, and that’s longer than their entire careers.

This isn’t just outdated thinking. It’s financially flawed.

Why I Stopped Recommending “One-Time”

Retirement Planning

After working with hundreds of people across ages and different market cycles, I’ve seen the same pattern repeat: the people who struggle aren’t those who saved too little – they’re the ones who planned once and never adapted.

Traditional retirement planning was designed for work until age 60, receiving a pension, and living quietly for 10-15 years. Simple. Predictable. Over.

Today’s retirement is a different ballgame.

Here’s what I tell every client: “We prepare in phases for everything – your child’s education, your career progression, even buying a home. But retirement? We still treat it like a one-day event rather than a three-decade journey.”

The Four Flaws I See in Every Traditional Plan

In my 30+ years of experience, I’ve identified four critical mistakes that render most retirement plans obsolete:

Flaw #1: The “Retirement = Inactivity” Assumption

The biggest misconception I encounter is that retirement means withdrawal from life. 60-year-olds today have the health and ambition that 45-year-olds had a generation ago. They’re launching businesses, learning digital skills, and relocating to their dream cities.

Their parents retired to rest. They’re retiring to reset.

Flaw #2: Ignoring the New Retirement Aspirations

When I started my career, retirement planning meant calculating basic living expenses plus medical costs.

Now? People I know want budgets for:

● Extensive domestic and international travel

● Premium healthcare and wellness programs

● Lifelong learning and skill development

● Second careers and entrepreneurial ventures

These aren’t luxuries but the new baseline expectations.

Flaw #3: The “Save and Forget” Mentality

Here’s what I’ve learned from managing portfolios through multiple market cycles: The biggest risk isn’t market volatility, it’s outliving your money.

Most plans obsess over accumulating a corpus but completely ignore the challenge of making that money last and grow over 30+ years. With inflation consistently eroding purchasing power, a static approach guarantees declining living standards.

Flaw #4: One-Size-Fits-All Planning

This one particularly troubles me. Take women, for example. They live 2-3 years longer than men but typically have 20-30% lower lifetime earnings. Yet I see the same planning templates applied to everyone.

The result? I’ve counselled too many women who’ve outlived both their spouses and their money.

My Framework: The Dynamic Retirement Strategy

After years of seeing static plans fail, I’ve developed what I call the “Dynamic Retirement Strategy.” Here are the core principles I now advocate:

Principle #1: Plan for 100, Not 75

Medical advances are accelerating. The 60-year-old sitting in an office today may need their money to last 40 more years. This single mindset shift changes everything: how much to save, how to invest, how to structure withdrawals.

Principle #2: The 5-Year Review Rule

I now insist everyone I work with to review and revise their plans every 5-7 years. Life changes. Health evolves. The family needs shifts. Markets move.

Your financial plan must be a living document, not a museum piece.

There’s a gentleman who had initially planned for a quiet retirement in his hometown, but at 65, decided to relocate to Goa and start a restaurant. His original plan would have been disastrous. The revised plan? He’s happier than he was in his corporate role.

Principle #3: Growth Investing Doesn’t End at 60

Pure debt instruments, our industry’s default recommendation for retirees, simply won’t cut it for longer lifespans and the changing world order.

I now recommend balanced portfolios with equity exposure even for people who are in their late 60s. Yes, there’s volatility. But the alternative, guaranteed purchasing power erosion, is worse.

Principle #4: Plan for Lifestyle changes and Inflation, not Just Medical costs

Everyone plans for rising healthcare costs. Few plan for rising lifestyle expectations. The retirement budget that feels adequate at 60 often feels constraining at 70.

Today, people don’t want to downgrade their lives in retirement. They want to upgrade them. The financial plan must account for this reality.

Principle #5: Women Need a Different Strategy

Based on my experience, women need:

● More aggressive saving during working years

● Different asset allocation approaches

● Higher corpus targets to account for longevity

It’s not complicated. It’s just different.

Principle #6: Multiple Income Streams Are Essential

I do not recommend relying solely on fixed deposits and pensions. In my most successful cases, people have diversified income streams: rental properties, dividend stocks, part-time consulting, and even small business ventures.

One client generates more income from his post-retirement photography business than his previous corporate salary. Another earns steady rental income from properties she bought strategically during her working years.

The Industry Must Catch Up

The generation entering retirement today doesn’t want to rest; they want to redesign. Are we equipped to help them?

We need:

● Products designed for 30-year retirement journeys, not 10-year wind-downs

● Planning tools that adapt to changing circumstances

● Investment options that balance growth with stability over extended

periods

● Specialised approaches for different demographics and life situations

The transformation is already beginning. Progressive advisors are moving from “corpus calculations” to comprehensive “strategy frameworks.” But we need to move faster.

What You Should Do Right Now

If you’re reading this and approaching or already in retirement, here’s my advice:

Immediate Actions:

1. Audit your current plan: When was it last updated? Does it assume you’ll live to 85 or 95?

2. Stress-test your assumptions: What if inflation averages 6% instead of 4%? What if you need care for 10 years instead of 5?

3. Diversify beyond traditional options: Are you too dependent on fixed deposits?

Consider working with advisors who understand modern retirement realities. Look for those who talk about “retirement strategies” rather than just

“retirement corpus.”

The Bottom Line

After 30+ years in this industry, I can say with certainty: Your parents’ retirement strategy won’t work for your retirement reality.

The old playbook of “work, save, retire, rest” is obsolete. The new playbook, “work, save, retire, redesign, adapt, thrive”, requires dynamic thinking and flexible planning.

I’ve seen too many retirees struggle not because they didn’t save enough, but because they planned once and never adapted. Don’t let that be your story.

The demographic transformation is creating both unprecedented challenges and remarkable opportunities. The people I work with today are living longer, more active, more fulfilling lives than any previous generation.

But only if their financial plans keep up.

The shift from static corpus to dynamic strategy isn’t coming. It’s already here.

The question is whether you’ll adapt fast enough to make the most of these additional decades of life.

Because trust me, they can be the best decades yet.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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Union Budget 2026: Rice exporters seek support to boost sustainability, global competitiveness; relief sought on costs, logistics – The Times of India

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Union Budget 2026: Rice exporters seek support to boost sustainability, global competitiveness; relief sought on costs, logistics – The Times of India


The Indian Rice Exporters’ Federation (IREF) has called on the Union government to announce focused fiscal and policy measures in the Union Budget 2026 to strengthen India’s rice export ecosystem, covering both basmati and non-basmati varieties.In a representation to finance minister Nirmala Sitharaman, the federation underlined the importance of rice exports for the economy, rural livelihoods and global food security, reported news agency ANI. It flagged multiple challenges facing the sector, including ecological stress, rising costs and market volatility, and said targeted budgetary support could improve competitiveness while ensuring sustainability and better returns for farmers.“The rice sector faces ecological stress, notably groundwater depletion in major paddy belts, high fiscal costs of procurement and storage, and market and compliance volatility,” the federation said in its letter. It added that the Union Budget 2026 could help address these issues through “targeted fiscal and enabling measures” that strengthen sustainability and farmer outcomes.IREF outlined a series of priority demands aimed at supporting the entire rice value chain. One key ask is the introduction of tax and investment incentives linked to verified water-saving and low-emission farming practices. These include Alternate Wetting and Drying (AWD), Direct Seeded Rice (DSR), laser land levelling and the use of energy-efficient milling technologies. According to the federation, such measures would reduce environmental stress while improving long-term productivity.The exporters’ body also urged the government to encourage farmers to shift acreage towards premium basmati rice and GI-tagged, organic and speciality non-basmati varieties. This, it said, would help farmers earn higher realisation, promote market-led crop diversification and lower dependence on minimum support price-based procurement systems.To improve export competitiveness, IREF sought interest subvention on export credit to ease working capital pressures faced by exporters. It also called for targeted freight and port facilitation measures to reduce logistics costs, which remain a key concern for rice shipments.The federation further requested the continuation and appropriate calibration of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for rice. Ensuring that embedded taxes are adequately refunded, it said, is crucial for maintaining India’s competitiveness in global markets.Another major concern raised was the need to strengthen export finance guarantees and upgrade compliance-related infrastructure. This includes better testing facilities, traceability systems and quality assurance mechanisms to protect India’s standing in premium international markets.“These measures will directly lower exporters’ costs, incentivise sustainability and encourage the scaling up of value-added shipments,” said Dr Prem Garg, national president of IREF, as per news agency ANI. He added that rice should be explicitly covered under budgetary initiatives related to export credit, logistics and trade facilitation.Citing industry data, the federation said India currently accounts for around 40 per cent of global rice trade, a level of dominance unmatched in any other commodity. Having met domestic food security needs, it said India is well-positioned to supply international markets at scale. In FY2024-25, the country exported about 20.1 million tonnes of rice to more than 170 countries, according to figures shared by IREF.



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Practical tips to save on energy bills this winter

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Practical tips to save on energy bills this winter


Getty Images A woman touching the top of a radiator with two hands. She is wearing a long-sleeved pink knitted jumper and has neatly manicured nails.Getty Images

Bleeding radiators can released trapped air and allow heat to circulate properly

Every winter brings a drop in temperatures and rising concerns about heating costs. With the energy price cap set to increase in January, we have gathered together some practical advice to help you keep warm and cut costs over the colder months.

This month, millions of households will see a slight rise in their energy bills, as the energy regulator Ofgem increases the price cap by 0.2%.

The price cap is the maximum amount energy suppliers can charge customers for each unit of energy in England, Scotland and Wales.

Between 1 January and 31 March 2026, the energy price cap is set at £1,758 per year for a typical household which uses electricity and pays by direct debit.

Energy costs can hit people differently, for example, people living in older homes, renters and low-income households.

Low cost options

George Pearson, head of technical services at Retrofit West – which is funded by the West of England Mayoral Combined Authority and covers Bristol, Bath and North East Somerset and South Gloucestershire – said that even small actions can help to reduce heat loss.

“Sealing gaps and draught proofing is the number one step because it’s so low cost,” he said.

Mr Pearson recommended sealing gaps around skirting boards, letter boxes and even light fittings.

He added that people can maximise boiler efficiency by reducing the flow temperature.

Most people have their temperature set to 60C (140F), but lowering it to 55C (131F) or 45C (113F) could save money, said Mr Pearson.

“Heating and hot water is the majority of the bill in the average household,” said Nick Trapp from the Centre of Sustainable Energy.

“So that’s what you spend more on than your lights or your computer or your oven.”

To save money on your heating bill, turn off radiators in rooms you do not use and use your central thermostat to control the overall temperature, he said.

Additionally, turning your heating down by one degree could help save up to £73 a year.

But it is advised not to go below 18C (64F) if you are elderly, ill, or have small children.

Having an annual boiler service can also keep heating systems running efficiently and prevent more costly issues with your boiler in the future.

And a thick insulating jacket for your boiler could save about £183 a year.

PA A hand turning the dial on a thermostat which shows the temperature as 60 degrees Celsius.PA

Programming your thermostat to turn the heating on when you need it can help save money

“Some other low-cost wins include reflective panels,” said Mr Pearson.

“You can put them behind radiators and they can bounce the heat back into the space, so you’re not losing some of that heat generated into the actual wall itself.”

Mr Pearson also suggests bleeding radiators to remove trapped air and maintain even distribution of heat.

Although there are lots of plug-in heaters on the market, Mr Trapp warned that these can often be more expensive than using central heating.

“People get tempted by them because they look like they’re smaller, so you expect them to use less energy, but they’re actually a lot less efficient,” he said.

Changing your energy tariff can save you money by switching to a cheaper fixed deal, a discounted variable tariff or a time-of-use tariff like economy, which offers cheaper electricity at night.

During the winter months where more people dry their clothes indoors, a dehumidifier can help save on the cost of using a tumble dryer, while helping to prevent damp and mould.

Mr Trapp recommends using a dehumidifier in the room where you dry laundry and close the door to prevent water vapour getting to the rest of the house.

If you can, and try and heat your home consistently to avoid issues with damp and mould.

Medium cost solutions

While there are lots of low-cost solutions, some people may want to consider some longer-term solutions to make sure their home is energy efficient.

One of these options is installing insulation, which can help protect your home from both hot and cold weather.

Mr Pearson also recommends insulating pipes, where possible, to reduce the heat loss of hot water travelling through pipe work.

When it comes to loft insulation, Mr Pearson recommends 15.7in (39.8cm) of insulation – which may sound like a lot – but it has a significant impact on the reduction of heat loss.

Getty Images A woman turning the dial on a radiator with one hand, while feeling the temperature with the other. She has shoulder length ginger hair and is wearing a white knitted jumper and blue jeans.Getty Images

Central heating is the most cost-effective way of heating the home, says Nick Trapp from the Centre of Sustainable Energy

Additional support

If you are really struggling with your bills, you may be entitled to additional support.

The government offers a Warm Homes Discount, which is a one-off rebate on your energy bill. You will get the discount automatically if you are eligible.

A Winter Fuel Payment of between £100 and £300 is also available for eligible people born on or before 22 September 1959.

You may also get a Cold Weather Payment if you are on certain benefits.

Certain people may be eligible for the government’s Warm Homes Grant, which provides funding to make energy saving improvements to your home.



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The pet food banks keeping animals with their owners

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The pet food banks keeping animals with their owners


Eleanor LawsonWest Midlands

West Bromwich Emergency Pet Pantry A blonde woman in a red jumper and a Santa hat smiles down at a blonde puppy she is holding in her arms.West Bromwich Emergency Pet Pantry

Louise Colledge, of West Bromwich Emergency Pet Pantry, says some owners love their pets so much that they go without food so their pets can eat

“A lot of people seem to think you shouldn’t have a pet if you can’t feed it, but it’s a bigger picture than that.”

Anita Arthur co-founded Animal Foodbank UK with Robert Miller, after both had volunteered for animal charities and recognised how many people were struggling to feed their beloved pets.

With many food banks not offering pet food, Ms Arthur and Mr Miller, from Redditch, realised there was a need for one offering pet food.

What started off with two £20 donations from its co-founders has now exploded into a community of more than 120 volunteers, covering the expanse of the UK from Scotland down to Cornwall, donating food to almost 6,000 pet owners.

Over the last three years the group, which now has charity status, has donated 150,000 meals for pets in need across England, Scotland and Wales.

Ms Arthur believes they may be the only service in the UK that sends out pet food donations by delivery, as opposed to collection services.

“We don’t have to be referred to. Anybody can call, drop into our drop-in centres and we’ll help them,” Ms Arthur said.

Animal Foodbank UK Five people are standing in a row, all wearing lilac-coloured T-shirts, emblazoned with the Animal Foodbank UK logo. They also have identity lanyards on and they are all smiling.Animal Foodbank UK

Animal Foodbank UK has donated 150,000 meals to pets in England, Scotland and Wales

People receive two weeks’ worth of food for their pets each month, and the group also works with other organisations such as homeless accommodation services to help people in need.

The charity does not request proof of low income or benefits in order to send out donations, and there are only two reasons they will not provide donations to an applicant.

“If anybody’s breeding dogs, we won’t help them, because we’ve got to promote responsible ownership,” Ms Arthur said.

“And if people have food off us, then go and get more pets and come back for more food, we will refuse.”

Animal Foodbank UK Two white and grey dogs sit on a red carpet in front of piles of pet food and a Christmas tree.Animal Foodbank UK

These two dogs are among thousands of animals that have been helped by Animal Foodbank UK

Another pet food bank, established more recently in the West Midlands, is the West Bromwich Emergency Pet Pantry, run by 47-year-old Louise Colledge.

With donation points in West Bromwich and Smethwick, the pet pantry tries to cover the whole of Sandwell.

“I used to work for a local charity, which provided a food bank for humans, but a lot of people came in and asked for pet food,” Ms Colledge said.

“I thought it was something missing from the area.”

People can phone, text or email the group for a referral, and can receive a week’s worth of pet food three times over a six-month period, with longer-lasting support provided in more severe circumstances.

West Bromwich Emergency Pet Pantry A group of volunteers wearing festive clothes and Santa hats smile at the camera.West Bromwich Emergency Pet Pantry

The West Bromwich Emergency Pet Pantry has helped between 250 and 300 people in its inaugural year

Both groups recognise the difficult circumstances that can lead to people struggling to provide for their pets.

“We have had a lady who escaped domestic violence and had to leave with her two dogs and the children,” Ms Colledge said.

“We’ve supported her a bit extra, while getting back on her feet and sorting benefits out.”

Over at Animal Foodbank UK, Ms Arthur said they had seen a widow come to them after struggling to pay for her husband’s headstone, while another woman was set back by the cost of euthanising her dog.

“Using her money to end the suffering of her dog meant she was left without money to feed the rest of her pets,” Ms Arthur said.

West Bromwich Emergency Pet Pantry Three kittens curled up in a grey cat bed, on top of a grey carpet.West Bromwich Emergency Pet Pantry

These kittens are some of the animals that have been supported by the West Bromwich group

What is important to both groups is supporting struggling pet owners without judgement and the wider implications that can have for the people they help.

“If we can feed a pensioner’s dog for two weeks, that could allow them to have the heating on. If someone’s car’s broken on the way to work, we can step in,” Ms Arthur said.

“Lots of these people would rather feed their pets than feed themselves.”

Ms Colledge believes in giving people the support they need to keep pets at home with their owners.

She has also seen homeless people turn down accommodation so they can stay with their pets.

“Some people love their pets so much they’ll hand them into a rescue if they can’t afford food, so [our work] also supports the rescues,” she said.

“We do have people that are having to choose whether they feed themselves or their pets.”



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