Should take into account the specific tax, regulatory, and cultural factors that apply in the country.
1. Start saving early and consistently, ideally in tax-advantaged retirement accounts such as the National Pension System (NPS) or the Employees' Provident Fund (EPF).
2. Determine your retirement expenses and adjust your savings plan accordingly, taking into account factors such as healthcare costs and inflation.
3. Consider investing in a mix of assets such as stocks, bonds, and mutual funds to diversify your portfolio and balance risk and potential returns.
4. Consider purchasing a health insurance policy and a critical illness insurance policy to cover potential medical expenses.
5. Decide when to start taking your retirement benefits, whether from a pension plan, annuity, or other source, and how to maximize them.
6. Consider additional sources of income in retirement, such as rental income or dividend income from investments.
7. Create a withdrawal plan to make sure you're drawing down your retirement savings in a sustainable way.
8. Keep up to date with changes to tax and regulatory policies that may affect your retirement plan.
9. Consider consulting with a financial advisor or retirement planning expert to help you create and manage your retirement plan.
10. Make sure your retirement plan is flexible enough to adapt to changes in your life circumstances, such as unexpected expenses or changes in your health.