How inadequate savings could jeopardise women's retirement planning

Not allocating adequately to equities, which can potentially beat inflation, is another error they must avoid

Seema Chetri (name changed on request), 54, holds a PhD in engineering sciences. This Mumbai-based professor teaches at one of the country’s top technology institutes and has authored several engineering textbooks. And yet, like millions of well-educated Indian women, she entrusts her finances to someone else.

Chetri says, “When I was younger, my salary and savings were managed by my father-in-law, an office clerk. Later, my husband, who was in the paramilitary services, took over. Currently, my 30-year-old son, a fashion designer, handles my finances. Despite being neither dull nor incompetent, I have never taken charge of my own money.”