Retirement is a new phase in your life, where you need to consider factors such as monthly expenses and inflation. A well-funded retirement requires strategic investments that bear fruit over time.
Here’s a look at some of the best investment options for retirees:
When you retire, it is important to opt for investments with higher interest rates and stability. Your nearest post office or nationalised bank can help you accumulate your savings in Senior Citizens Savings Scheme or SCSS, where you earn higher interest rates with a 5-year maturity period.
Offered by insurance companies, pension plans by insurance companies or mutual fund managers help you enjoy higher returns so you can gain a lump sum amount. However, pension funds come with risks as they’re affected by market forces, so you must plan smartly.
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