The AltKuznets Self-earned ‘Retire in Utopia’ Strategy !
Prasad Rao, PhD Director, AltKuznets Sustainability Advisors Pvt Ltd altkuznetsadvisors.com It ain’t the fashion anywhere, and certainly not in Capitalist nations, to promise freebidies. But we are not talkin’ about the monthly 100 KwH Cooling units or the 100MB Facebook data. To the contrary, it is what we dread - Retirement and Income Security in Aging years. Retirement is a significant event to each person because it signifies not only the end of compensated servitude, but also represents a paradigm shift in earning power – from the assured Income of yesteryears to a purchased or self-enforced Annuity, and the LQ horse-blinds that it forces. Consequent the high LQ Expectations engendered with participation in Democracy, saving an adequate Retirement has turned in to a primary goal of those married & middle-aged. Households prefer long-term Employment that assures them of Retirement Security. Retirement Insecurity forces an LQ downgrade that imprints its foreshadow in H...