The real challenge is to deal with the monthly expenses after your retirement
People must stop being in a notion that their expenses are going to decrease once they retire.
People must stop being in a notion that their expenses are going to decrease once they retire. Not only their spending habits are going to remain similar after retirement but also they would have extra 8 hours free time each day which would tempt them to spend more. And this should not be their only concern, additionally; they would have to face the problem of inflation and rising health expenses.
Having a good investment plan from an early age can help people avoid the hardships that most of the people face after their retirement. When people start investing at a young age, their risk appetite is bigger and they can make some risky investments to generate higher returns. The investment plan should be good enough that the return generated from it outpaces the inflation.