Is NPS Vatsalya retirement scheme for your child too far-fetched an idea?

While the scheme allows you to plan for your child's retirement well after you may be gone, you should focus first on your retirement and kids' education

If you are a young parent, what financial goals are at the top of your mind? Building an emergency fund, planning for your children’s education, purchasing a house, securing your retirement, arranging for your children’s weddings, and ensuring parental care are some of the obvious ones. The truth is, personal finance is exactly that — personal. Your financial goals can span a broad spectrum, unique to your aspirations and circumstances. 

 

However, one goal that often does not find a place in a young parent’s list is their children’s retirement. Most parents instinctively leave that responsibility to their children. This is