How to prepare financially if your children live abroad or intend to do so

If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders

With an increasing number of Indians heading to foreign universities for higher education, and many more making a beeline for overseas jobs, the phenomenon of ageing parents whose children have settled overseas has become quite common. Such senior citizens need to plan their finances in a slightly different manner from those whose children reside within the country. 

According to data from the Ministry of External Affairs, an estimated 1.31 crore Indians reside outside the country. At one out of every 100 people, this is a large number. The percentage would be higher in urban India. If one were to include