It is time to give up on your official obligations and hang up those boots. A lot of people like to take up this segment of life with a bang. Some would sell their possessions to take a tour around the world which they couldn’t go for in their prime, some would splurge on some very expensive gifts while others have no clue what they will do with all their retirement fund cibil report. What they forget is that for as long as you live, you need money to survive. Perhaps, even more because of the increased expenditure on health related issues. While you need to plan for your retirement very early in life, let’s say right from your first job, yet it is never too late.