Medical inflation poses a significant threat to retirement security, often underestimated in financial planning. Ajit Menon emphasizes the importance of early planning, adequate health cover, and disciplined investing to achieve financial freedom. He also suggests prioritizing health and purpose in retirement, advocating for a shift in mindset towards viewing it as ‘financial freedom’ rather than a cessation of work.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.