Attention Indian Parents, Your Children Are Not Your Retirement Plan!

As soon as parents become the education sponsors of their kids, the whole idea of kids becoming their parent’s retirement plan starts evolving. This is prevalent especially in India for generations, now that, Indian parents are known to make sacrifices for their child’s education and welfare. Remember how R Madhavan’s (Farhan Qureshi) father Mr. Qureshi of 3 Idiots (Bollywood Movie) in his monologue recounts all his sacrifices? Well, most of the Indian parents are no different from him. However, this co-dependency is toxic and needs to stop because neither our children are our gold mine nor they are our savings and/or retirement plan.

Your Children are Not Your Retirement Plan but Your Responsibility, that Can Be Planned Well

Indian parents over the years especially the middle-class are known to have spent all their life savings in their child’s upbringing including funding their education. It is seen as an investment as the child is expected to pay back by sponsoring them when the parents retire. This obnoxious cycle has been repeating for generations and this is precisely the reason why Raj Malhotra (Amitabh Bachchan) from Baghban movie becomes a pity face despite serving his family so well throughout his earning days.

Now picture this, what if people like Raj Malhotra instead of making self-sacrifices throughout their life would have chosen a proper Child’s education planning for their kids and also invested a part of their earnings into their retirement corpus? What if they had allotted a specific budget to their kids’ wedding and systematically planned their retirement? Well, things would have been better and much healthier for both the parents and kids – isn’t it?

However, with only 1 in 4 Indians planning for retirement, things look bleak. No wonder, this whole concept of co-dependency has given rise to so many Raj Malhotra(s) in real life and also so many Raju(s) as well – Remember Raju Rastogi, the third Idiot of 3 Idiots movie who have so many responsibilities like behen ki shaadi, maa ki saari and pitaji ki dawai on him? With such heavy household duties, the guy is not just reluctant to follow his passion and purpose but all he wants is a job that can earn him enough to support his family. Unfortunately, India is a home to many such Raju(s) out there who later become dependent on their kids and the cycle goes on – making a hell of a life for both generations. And while earlier generations could somehow manage Indian parents after retirement, the current generation with drastic lifestyle changes is in no position to support retired parents. Besides, the life expectancy is on the rise and so is the medicare exigencies.

Indian Parents, it is Time to Start Planning Your Independent Retired Life

This sorry state of co-dependency has to end somehow and you being a woke Indian parent can indeed put a full stop. Unlike your parents, you do have a choice to free your generations from the chain of unnecessary burden and responsibility by winding up this repetitive cycle of scarcity as well as insufficiency. All you have to do is, make a financial decision of spending your earnings wisely and judiciously while keeping in mind your independent retired life. No, this isn’t being selfish, but being sensible. Nevertheless, your children are not your retirement plan but a responsibility that can be planned and managed well without you being a burden to them in their heydays.

If you think planning for your retirement is difficult in your situation (whatever it might be!), let me tell you a secret, you don't have to be rich to retire rich – all you need is systematic retirement planning. Besides, no matter how much you earn or how many kids you have to support, there is always a smart way out. Let us help you with a systematic method to plan your retirement today so that you have an independent retired life after. We are just a call away. Ring us at 9820926446/7977061717 or mail us at to plan your happy and healthy retirement life. You can check our other financial services here.

P.S: Spending your fortune in the pretext of loving your kids isn’t loving but being foolish – a decision that is going to hurt both you and your kid’s future. The smart way is to fund your children’s need systematically while saving enough for a happy and healthy independent retired life.

Also Read: Single Woman, Retiring Solo Is a Dream Retirement Life (but) With Proper Planning!

139 views0 comments

Insurance & Investment Consultancy



+91 9820926446/+91 7977061717

Ghanchi Investments

Address 1:  Shop No.16, Sector 1, CBD Belapur, Navi Mumbai.

Address 2:  10th Floor, we work, tower 1, Grand central building, Seawoods, Navi Mumbai.  

Mobile No. 09820926446/07977061717

Email Id:       Website:

  • Facebook Social Icon
  • LinkedIn Social Icon
  • Instagram Social Icon
  • Twitter Social Icon
  • YouTube

©2019 by Ghanchi Investments. Proudly created with