Career Stage
Senior Management, close to Retiring or Retired.

Major Expenses
Major Expenses at this stage are Health Related or occur due to Dependents and their requirements.

Typical Financial Behavior/Attitude towards Savings or Investments
At this stage newer Investments will generally not happen. There is generally withdrawal from accumulated Savings and Investments and conservative use of funds.

Rationale for Investing
At this stage it is important to conserve the created Corpuses and avoid any unnecessary risk or losses to the accumulated Wealth. Judicious use of Debt options can still allow clients to protect the erosion of Wealth on account of Inflation and a limited Equity exposure would allow for growth in the Portfolio even at this stage.

Estate Planning if under consideration requires a whole new approach and if undertaken at this stage, ensures that the client leaves behind a Financial Legacy for the Family.