New Delhi, Feb. 17 -- Imagine a life in which you don't have to worry about saving for your child's future or your own retirement. On top of this, healthcare is subsidised, so there's no need to pay hefty insurance premiums or create a large contingency fund.

For instrumentation engineer Annamalai Ramanathan and his wife Meena Palaniappan, a finance professional, this is what life is like in Sweden. Thanks to the country's social security benefits, the couple's savings and goals are very different from those of the average Indian working couple. Though Sweden consistently ranks highly on quality of life, this comes with a high cost of living and elevated taxes. But Ramanathan said he wouldn't have it any other way.

He shared his experie...