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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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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However, when I review the financial plans of people in their 50s and beyond, I see the same outdated frameworks we’ve been using for decades.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This isn’t just outdated thinking.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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Building of three new towns will start before election, Labour pledges

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Building of three new towns will start before election, Labour pledges


The construction of three new towns will begin before the next general election, Labour has pledged.

A taskforce has recommended 12 locations in England for development, with three areas – Tempsford in Bedfordshire, Leeds South Bank, and Crews Hill in north London – identified as the most promising sites.

Housing Secretary Steve Reed is expected to announce the plans in a speech on the opening day of Labour’s annual party conference.

Labour has put housebuilding at the centre of its vision of how to get the economy growing, promising to build 1.5 million new homes by 2029.

Tempsford is home to 600 people and currently has around 300 houses. Its parish council chairman David Sutton said residents had been kept in the dark about the potential plans, including how many new homes could be built.

“The biggest problem we’ve got at the moment is that even today, as an announcement’s being made, we’ve been given no idea whatsoever of the scale of what we’re being asked to live amongst,” he told the PA news agency.

“Nobody’s come to talk to us at all.”

The promise of a “new generation of new towns” was included in Labour’s election manifesto last year.

The 12 proposed developments range from large-scale standalone new communities, to expansions of existing towns and regeneration schemes within cities.

Sites in Cheshire, South Gloucestershire, East Devon, Plymouth and Manchester are among those which have been recommended for development.

The chosen sites will be subject to environmental assessments and consultation, with the government confirming the final locations and funding next spring.

Labour said each new town would have at least 10,000 homes and they could collectively result in 300,000 homes being built across England over the coming decades.

The government has welcomed a recommendation from the New Towns Taskforce that at least 40% of these new homes should be classed as affordable housing.

A New Towns Unit will be tasked with bringing in millions of pounds of public and private sector funding to invest in GP surgeries, schools, green spaces, libraries and transport for the new developments.

The taskforce has recommended new towns are delivered by development corporations, which could have special planning powers to compulsory purchase land, invest in local services, and grant planning permission.

This follows the model of the regeneration of Stratford in east London during and after the 2012 Olympic and Paralympic Games.

Prime Minister Sir Keir Starmer said: “For so many families, homeownership is a distant dream.

“My Labour government will sweep aside the blockers to get homes built, building the next generation of new towns.”

In his speech, the housing secretary will promise to “build baby build”, while “taking lessons from the post-war Labour government housing boom”.

“This party built new towns after the war to meet our promise of homes fit for heroes. Now, with the worst economic inheritance since that war, we will once again build cutting-edge communities to provide homes fit for families of all shapes and sizes,” Reed is expected to say.

After World War Two Clement Attlee’s government planned the first wave of new towns, including in Stevenage, Crawley and Welwyn Garden City, to relocate people from poor or bombed-out housing, with development corporations assigned responsibility for building them.

The announcement comes as Labour members gather in Liverpool for the party’s annual conference.

It will be Reed’s first major speech since he took over from Angela Rayner as housing secretary, after she resigned for failing to pay enough tax on a flat purchase.

It has been a bruising few weeks for Sir Keir, who is facing questions over his leadership and the direction of his party.

With Labour trailing behind Reform UK in the polls, the prime minister has stepped up his attacks on Nigel Farage’s party.

Arriving in Liverpool on Saturday, he warned Reform would “tear this country apart” and said the conference would be an opportunity to set out his alternative to the “toxic divide and decline” offered by the party.



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New officers briefed on trade, industry dynamics | The Express Tribune

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New officers briefed on trade, industry dynamics | The Express Tribune



KARACHI:

As part of the 31st specialised training programme (STP), the newly inducted civil service officers of the Commerce and Trade Group, Ministry of Commerce, visited the headquarters of the Pakistan Textile Council (PTC) in Islamabad.

The session provided the civil servants with an in-depth understanding of Pakistan’s largest export sector and its significance for the national economy. Officers were briefed on the structure of textile and apparel value chain, its share in overall exports of Pakistan and in the gross domestic product (GDP). The challenges being faced by the industry, and the policy support required to enhance exports of Pakistan, were also shared with the officers.

Delivering a comprehensive presentation, PTC CEO Muhammad H Shafqaat highlighted the vital contribution of the textile and apparel sector to Pakistan’s economic growth and exports.
He informed them about the key challenges, including the high cost of doing business and policy uncertainty as well as opportunities and challenges arising out of the EU Green Deal for the future of Pakistan’s trade with the European Union, the country’s largest trading partner.

He underscored the importance of adopting regionally competitive energy, tax, wage, and interest rate policies to compete well with regional economies like Bangladesh, Vietnam, China and India, especially in the wake of reciprocal tariffs imposed by the US.

The minister of commerce, while commenting on the visit, shared that such exercises are crucial for preparing future policymakers to better understand the realities of industry, ensuring that Pakistan’s trade policies are responsive to both domestic challenges and evolving global market dynamics.
He stated that “engaging with the private sector during training is critical for our newly inducted civil servants. Such visits ensure that officers understand the real challenges faced by the industry.”
 



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Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown

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Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown


The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker.

Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK.

The manufacturer has been forced to suspend production for weeks after being targeted by hackers at the end of August.

There have been growing concerns some suppliers, mostly small businesses, could go bust due to the prolonged shutdown. The company operates the largest supply chain in the UK automotive sector, employing around 150,000 people.

It is hoped the loan will give suppliers some certainty as the shutdown continues.

The government will underwrite the loan through the Export Development Guarantee (EDG), a financial support mechanism aimed at helping UK companies who sell overseas.

The loan will be paid back by JLR over five years, in an effort to boost the firm’s cash reserves as it makes a “backlog of payments” to its suppliers.

No cars have been built this month, and the company has stopped placing orders with its 700 suppliers.

A parliamentary committee said some small suppliers had told them they had, at most, one week left before they ran out of cash.

The halt in operations is thought to be costing JLR itself at least £50m per week.

The manufacturer, owned by India’s Tata Motors, typically builds about 1,000 cars a day at its three factories in Solihull and Wolverhampton in the West Midlands, and Halewood in Merseyside.

Kyle said: “Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK.”

Chancellor Rachel Reeves said: “Today we are protecting thousands of those jobs with up to £1.5bn in additional private finance, helping them support their supply chain and protect a vital part of the British car industry.”

Shadow business secretary Andrew Griffith welcomed the government’s support but said it “took too long to get there” and called on Labour to form a cyber reinsurance scheme to protect British businesses from state-backed actors.

Liberal Democrat business spokesperson Sarah Olney also praised the move but said the government had been “too slow to act”, adding it should also be prepared to provide a furlough scheme for affected workers if required.

Union Unite, representing thousands at JLR and in the supply chain, described the government support as an “important first step”.

“The money provided must now be used to ensure job guarantees and to also protect skills and pay in JLR and its supply chain,” said general secretary Sharon Graham.

JLR was hit by a cyber-attack on 31 August. A group calling itself Scattered Lapsus$ Hunters has claimed responsibility for the hack.

It was also behind a number of high-profile attacks on retailers earlier this year, including Marks & Spencer and Co-op.

JLR workers have been told to stay home since 1 September, with no firm return date provided.

About 30,000 people are directly employed at the company’s plants.

A JLR spokesperson said: “Our teams continue to work around the clock alongside cybersecurity specialists, the NCSC and law enforcement to ensure we restart in a safe and secure manner.

“The foundational work of our recovery programme is firmly underway, and we will continue to provide regular updates to our colleagues, retailers and suppliers.”



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