are children good retirement fund

Why Banking on Children for Retirement is a Bygone Era

Brace yourself for a plot twist so dramatic, it could be straight out of an Ekta Kapoor serial! Welcome to the world where childfree Indians tackle the age-old dilemma: “Who will take care of you when you’re old?” From Fixed Deposits disguised as offspring to the swanky retirement homes that put 5-star hotels to shame, let’s explore how to grow old with style —drama, glitz, and all, but without the mandatory child-centric sequel. So let’s dive into this societal screenplay and see what roles we really can play.

From Paneer to Parenthood

“Aapka budhape mai kaun khayal rakhega?” (“Who will take care of you in your old age?”) This age-old inquiry, as timeless as Pankaj Udhas’s melodies, persistently finds its way to the ears of Indian men and women who choose to be childfree. Ever notice how this question tends to pop up just after discussing something as mundane as your aversion to paneer? Because, obviously, if your bones weaken, how will you bear children? Whether or not you get your daily dose of calcium and protein, rest assured, that the daily quota of drama and taunts will always be met!

Children as FDs: The Great Indian Illusion

First off, let’s clear the air on this deeply ingrained Indian notion that children are like fixed deposits (FDs) for your old age—just a little more complicated and a lot more expensive. You invest in them for about 20-25 years, hoping they’ll mature like a well-invested FD. And if your child turns out to be the much-discussed “Sharmaji ka beta”, who everyone believed would make it big, but at 35, is still seeking pocket money from his father after getting married and having kids, well, that’s a twist you didn’t sign up for, isn’t it? The ROI (Return on Investment) you had dreamt of, looks very different now. Ah, if only life were a Bollywood drama where everything falls into place after the intermission!

But, dear countrymen, let me lay it out straight: Children are not your post-retirement Provident Fund. They come with their own set of aspirations, dreams, and sometimes, unpredictable plot twists. Perhaps they harbor dreams of starting a unique venture, say, delivering pani puri via drones, or maybe they’re planning to trek the Himalayas instead of attending that IIT coaching class. You never really know! And let’s not delve deep into the high-voltage saas-bahu sagas that can overshadow even the most dramatic daily soap operas.

By choosing to be child-free, not only are you living life on your own terms, but you’re also sparing your hypothetical offspring from the relentless pressures of society. Imagine not subjecting them to the brutal rat race, the unyielding competition for seats in premier institutions, or the incessant family drama where every saas wants a “sanskaari” bahu and every in-law’s gaze dissects their every move. By not bringing them into this circus, you’re giving them a break even before their journey begins.

In a rapidly evolving India, where start-ups are booming and unconventional career paths are becoming the norm, banking on your child to be your ‘fixed’ post-retirement plan is akin to putting all your eggs in one unpredictable basket. And while our cinema has taught us that “All is well” in the end, life, unfortunately, doesn’t come with a scriptwriter to guarantee that happy ending.

The Expenditure Dhamaka

Brace yourselves, because raising a child from diaper days to ‘D-Day’ (obviously marriage, this is India) can be as costly as producing a Bollywood blockbuster—minus the box office guarantee. We’re talking about school fees that rival a small country’s GDP and wedding expenditures that could have otherwise funded a mission to Mars.

Instead of pouring lakhs into coaching classes, why not invest in a plush retirement fund? Now, that’s an FD with a guaranteed ROI when you’re reminiscing about your youth while sitting in your recliner.

And let’s not forget the hidden costs: the endless list of vaccinations, the annual school trips, the birthday parties that have to be grander with each passing year (because Sharma Ji’s son had a magician AND a clown), and the ‘trending’ toys or gadgets they’d ask for, lest they feel left out amongst their peers.

Consider also the emotional expenditures – the sleepless nights when they’re sick, the stress over every exam result, the nail-biting phase of teenage rebellion, and the heartaches of their first break-ups.

Choosing a child-free life isn’t just about sidestepping these financial drains. It’s also about reclaiming your time, mental peace, and personal space. It’s about the luxury of spontaneous weekend getaways without having to arrange for a babysitter, the freedom to pursue a hobby without interruptions, or simply the bliss of an undisturbed nap on a lazy afternoon.

The Upscale Twist to Aging Gracefully

There was a time when mentioning ‘old age homes’ would invite stares as if you’d suggested selling the family gold. But times are changing. Today’s retirement homes come with swimming pools, 24/7 medical care, and Netflix subscriptions! Picture this—binge-watching ‘Sacred Games’ while a qualified physiotherapist helps you with your aching back. Who needs kids for post-retirement plans when you can retire like a king or queen?

Bonding Beyond Blood

The lingering worry is, of course, “Par akele toh nahi maroge?” (“But you won’t die alone, right?”). In India, the concept of family is as deeply ingrained as our love for chai and cricket. Toh understand one thing, maroge toh akele hi! (you will die alone). No matter how much your kids or their kids love you they might witness your death but not die with you. About loneliness, it isn’t just cured by blood relations. Your buddies, your morning-walk aunties, even your cherished dog, Tuffy—these are all legitimate companions for your ‘sunset years’. In a world that’s constantly shrinking thanks to technology, who’s to say your retirement can’t be a multi-starrer show featuring a variety of relationships?

Golden Strategies for a Childfree Sunset

Planning for old age without kids involves the three ‘R’s: Rigorous financial planning, a Rollicking lifestyle, and Robust health insurance. So, when someone pops that annoying question, shoot back with, “Main apne budhape me yoga karke, antioxidant-rich smoothies peeke, luxury retirement home me rahoonga/rahoongi. Aap batao?” (“In my old age, I’ll be doing yoga, sipping on antioxidant-rich smoothies, and living in a luxury retirement home. What about you?”)

And I Chose My Own Path

Your twilight years aren’t scripted to be a melancholic tale simply because you chose not to have children. Picture this: growing old with the soulful tunes of Arijit Singh or the fiery beats of Eminem, surrounded by friends and cherished ones from all walks of life, and maintaining your financial freedom. Sounds like a movie experience worth every penny, doesn’t it?

Raise a toast to directing life by your own screenplay and crafting an epic tale without waiting for a part two. Always remember: Your senior years can be the talk of the town, no ensemble cast required.


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