New Delhi, April 13 -- Planning smartly for the future when you are retired and have to rely on savings rather than active income to get by, is essential. Retirement planning demands a careful analysis of various factors, foreseeable or not.

Here's a look at how to ensure your retirement savings can sustain you through ever increasing cost of living, medical inflation, lifestyle inflation, longevity risks and other uncertainties.

In a post on social media, Chartered Accountant (CA) and financial advisor Nitin Kaushik noted that most Indian today are making the mistake of "planning for a retirement that no longer exists". This means that fiscal planning for most has not caught up with the realities of future expenses.

He explained that ...