Over 40 and No Retirement Plan? Secure Your Future Now!

• Start retirement planning at 40 by investing 15-25% of income in schemes like EPF and NPS.
• Prioritize eliminating high-interest debts such as credit cards and personal loans to protect savings.
• Build an emergency fund covering 6-9 months of expenses in a savings or liquid fund.
• Assess financial situation accurately, considering income, expenses, EMIs, and future needs with inflation.
• Ensure adequate term life insurance and review policies regularly; consult a financial advisor for diversified investments.