Key Highlights
- Diversification Matters: Spread investments to manage risk.
- Adapt Income Streams: Reliable sources for changing times.
- Personalized Planning: Tailor strategies to individual goals.
ctive agers are redefining what it means to retire. They want the freedom to travel, pursue hobbies and spend on the things that enrich their lives. But with rising inflation and increasing life expectancies, effectively managing wealth becomes crucial for ensuring financial security in later years. Earlier this month, Ashwini K., Managing Director at GetSetUp, hosted a webinar with Premal Mehta, a finance expert and wealth manager to discuss how active agers can structure their investments in a manner that safeguards their capital in various life scenarios allowing them to live their best life. With over 30 years of experience in capital markets, Premal offers a rare combination of expertise, precision, and empathy that helps individuals optimize and protect their retirement savings. Prior to founding Wealth First in 2001, he was business head for Fixed Income and Corporate Advisory at DSP Merrill Lynch. At Wealth First, he has built and led one of the best Wealth Management teams in India.
During the webinar, Premal shared strategies to manage wealth in inflationary times while allowing for health-related and enjoyment spending. He discussed the importance of diversifying investments, identifying reliable income sources, and planning for contingencies to ensure financial wellbeing in retirement. Most importantly, Premal conveyed the value of tailoring wealth management plans to each individual's unique goals, priorities and lifestyle instead of a "one size fits all" approach.
