The average life expectancy of people has increased. Most people prefer living in nuclear families. At one point in life, everyone stops earning. Often, we find earning life and retired life are almost equal. Elderly parents do not like to depend on their children. They take care of their day to day expenses, medical care, ageing related issues and lifestyle expenses for two decades and more. Their financial freedom depends on their retirement planning at a much early stage of life. When to start your retirement planning Ideally, retirement planning must start the day one starts earning. In practice, you start paying …