These days financial planners and investment consultants are widely available in the market and every senior citizen must save sufficient amount of money so that he can take care of his daily expenses for the rest of his life. Most of the time, elderly people out of their emotional bonding with their children are prompted to part with their retirement money and to elderly people become independent on their words for their financial needs. Research and experience show that seniors should not part with their retirement money and instead plan its usage in a very judicious way. To continue to live with your style and maintain your earlier standard of living, financial planning is utmost important. Finance and graceful ageing have direct impact on each other.