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Can you outlive your life savings?

A good financial plan must identify the reasons why a person may run out of money in his lifetime and find a workable solution to it

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Avinash Luthria
Good personal financial planning is just like good corporate strategy. 

Let’s first look at good corporate strategy and then look at good personal financial planning.

Good corporate strategy is identifying the most important threat that a company faces and finding a workable solution to it, even if it is a partial solution. In the unlikely case that there is no threat, corporate strategy must identify the most important opportunity a company faces and find a way to utilise it.

I was once helping the chief executive officer (CEO) of a company figure out what to do about a new line
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Feb 26 2023 | 9:20 PM IST

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