 "savings, schemes, funds, cash, insurance, tax, salary")
Whenever a major financial emergency arises, there is a strong tendency to dip into one's retirement savings. This should be avoided. In old age, income from profession, job or business decline, and one has to live off one's savings and investments. With joint families splintering into nuclear ones, that age-old support system has also vanished. It is to prevent people from using up their savings prematurely that the rules for partial withdrawal for retirement-oriented products have been kept fairly stringent.
Experts suggest extreme caution when deciding to use one's retirement savings to finance other goals. “Your retirement savings act as the
