New Delhi, May 5 -- Building a Rs.100 crore retirement fund is a "psychological trap", according to a Chartered Accountant, who in a series of posts on social media platform X, broke down why having a more realistic goal of Rs.2-3 crore as retirement savings is more important than "comparing your life with someone else's".

In a lengthy post series on X (formerly known as Twitter), CA Nitin Kaushik called the "100 crore retirement" target a "math scam", adding that it is "not just bad advice", but a "psychological trap that makes the middle class feel poor while influencers get rich on your views".

Kaushik noted that the case for Rs.100 crore retirement fund does not work out for majority Indians, even those earning in Tier 1 and 2 citie...