Personal Finance in 50s: Retirement Planning & Money Mistakes to Avoid | CA Rachana Ranade

In your 50s, personal finance becomes less about wealth creation and more about wealth protection and retirement readiness. In this video, We cover the key financial steps you must take in your 50s, from evaluating your current corpus and checking if you’re running out of money, to building an emergency fund, insurance planning and portfolio rebalancing. We also discuss estate planning essentials and how to structure your investments for a stable retirement. If you’re approaching retirement, this video will help you get clarity and take control of your finances. What is covered? 00:00 - Introduction 03:00 - Will your money last if you retire today? 07:33 - How much money is required to retire at a specific age? 12:29 - Emergency Funds and Insurance 15:58 - Portfolio Rebalancing Estate/Succession Planning Learn more about your ad choices. Visit megaphone.fm/adchoices