How to ensure your retirement plan is self sufficient – ​4-step alternate support model

It is safe to say that aging can be agonising. Not just the physical pain of your body weakening, your faculties or senses diminishing but also the mental distress of knowing this and feeling helpless can be too overwhelming to deal with. Other than this, the dynamics of old age and retirement have changed drastically now and as a result, retirement planning has too.The joint family is broken. Dependence on your kids for old age is not a good plan nor is guilt tripping them should they be unable to provide for you. What you can, however, do is use your personal finances to create an alternate support model that is your own. Here are four steps to do that. ​4-step alternate support model