It has been described as the most important unsolved problem in computer science - the P vs NP riddle. Now, a researcher of Indian origin claims to have solved it.
If true, it entitles him to a million-dollar prize. While this has nothing to do with your investments, personal finance has its own P vs NP teaser - planning vs non-planning. It's one that, unfortunately, many of us will face as we approach retirement.
While everyone understands the benefits of planning, it continues to be a cause for concern for many. Those who plan well end up comfortably, and those who don't, risk having to work after retirement just to keep afloat.
According to a recent study by NCAER, a quarter of earners in Indian households are between 26 and 35 years of age, the ideal period to start planning for retirement. However, most of them are likely to ignore it, considering the goal to be too distant in the future.
But the fact remains that the earlier we start, the better prepared we will be. As someone said, "Don't just retire from something, have something to retire to." Our cover story focuses on this preparation and looks at investment tools you can use to build a nest egg for your golden years.
Even after settling down, you should not ignore your finances, because like investments, the methods of misselling and defrauding are becoming more innovative. A Delhi-based retired couple (The Third-Party Scam, page 42) realised this too late to protect their savings from an unscrupulous agent. Read on how to avoid such traps.
Saving for a nest egg also means cutting down on expenses and spending intelligently. Learn to do the latter with our study on the best value-for-money cars. Though it may seem like a discretionary expense, for most of us a car is a necessity. Our study will help you pick one that fits your budget and needs. So, invest smart, spend smart and be on your way to a golden sunset.
