City Indians should ‘work until 75, cannot retire’: HR skilled’s LinkedIn submit sparks debate

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A Human Assets (HR) skilled and creator on LinkedIn has mentioned that city Indians must work until 75 and that there might be “no such thing as retirement in this new age,” sparking a debate.

She even dismissed fairness investments, saying that “stock trading is a fallacy” with day buying and selling being solely “as good as race horse betting” and that “all investment plans that say they carry risk will only prove to be right.”(Representational Picture/Pixabay)

“The only way to retire is to leave urban India and move away into the hills to be incognito,” wrote Seema Raghunath in her submit, including that “if you insist living in the buzz (cities), be ready to move your bones even with arthritis.”

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Raghunath mentioned that it’s because the “global economy will not allow it” and that it’s going to “be impossible to sustain on one job and one salary.”

She additionally added that one of many causes for that is that from “2027 onwards after AI kicks in, majorly nothing you knew so far will be like it was.”

Raghunath even dismissed fairness investments, saying that “stock trading is a fallacy” with day buying and selling being solely “as good as race horse betting” and that “all investment plans that say they carry risk will only prove to be right.”

The scenario could possibly be such that going to commerce college to be taught blue collar work similar to being a carpenter, mason, or plumber half time will “pay better than these investments.”

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Raghunath recommended to put money into hobbies and abilities which may pay, over the subsequent two years, particularly for these over the age of 35.

This may embody artwork, natural farming, poultry, baking, educating, pearl tradition, crab and prawn farming, seed culturing, and so forth.

She even recommended that if one can personal and run one thing that doesn’t battle with their job, then they need to do it, including that “the future of India is screaming the death of dual employment” which a regulation will revoke.

‘Online fearmongering’

Raghunath’s submit impressed a flurry of reactions, with the bulk disagreeing along with her views and even calling them “online fearmongering.”

“Indians, please don’t be terrified of online fearmongering,” wrote a consumer. “Try to build some assets that can make your old age beneficial in times that are increasingly consumer driven. People are willing to pay, just have something to sell.”

One other consumer said that the fashionable age ensures longevity, mobility, comfort, consumption, and monetisation and that AI will even ship new alternatives.

One other wrote that Systematic funding plans (SIPs), actual property, and pension plans present safety and that long-term investments within the inventory market builds wealth.

Who’s Seema Raghunath?

Seema Raghunath has labored in outstanding HR-related roles in firms similar to Lionbridge Applied sciences, JPMorgan Chase, John Deere India, DHFL Normal Insurance coverage, Incubation Farm, and mPokket, based on her LinkedIn profile.

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She can be an creator who wrote six books in a 12 months and a half, of which three have been revealed to this point.

Her profile additionally exhibits that she has held some non-HR roles as properly in firms similar to Normal Chartered Financial institution, Avenue Makers, and Fullerton India Credit score Firm.