Micro-retirement is cool, but how to know if you can afford it?
India TodayFeeling stuck in the office? If you don’t yet have the money to fuel your micro-retirement dreams, here are some financial planning tips to help you get there: "Building a micro-retirement fund with at least 6–12 months' worth of savings in a liquid, low-risk investment ensures financial security during the break. CA Surana suggests adding passive income sources by exploring alternative income streams like rental income, dividends, or part-time freelancing to help cover a portion of expenses. "Losing employer-provided insurance during a career break can pose a risk, so securing a reliable health insurance plan in advance is crucial," suggests CA Surana. "For long-term loans like home or education loans, it is important to have a structured repayment plan to avoid financial stress during the micro-retirement period."
History of this topic
Micro-retirement: Here's what you need to know about this new career trend popular among Gen Z
India TV News
Micro Retirement: How young workers are balancing life and work
India TodayDiscover Related