Retirement Solutions help individuals explore available investment options to support financial needs in post-retirement years. It involves building awareness about disciplined investing, estimating long-term requirements, and facilitating access to products that can help in wealth creation over time.
Critical aspects such as beating inflation, having emergency coverage, and maintaining a comfortable lifestyle can be better managed by choosing suitable financial instruments for retirement years.
Various solutions can be considered, including budgeting, saving through regulated investment products, and awareness of government-backed schemes. Our role is to create awareness and facilitate investments in mutual fund schemes and other permitted financial products — decisions always rest with the investor.
Retirement is a self-created goal that needs to be self-funded. No loan is available for this life stage.
For senior citizens, once retirement begins and a corpus is available, the primary objective is usually capital protection along with regular income. There are various investment instruments that can provide stability and cash flow. Some common options include:
A government-backed scheme designed to provide financial security and regular income to senior citizens. It offers interest payable quarterly with fixed tenure options. Minimum investment starts at ₹1,000 and maximum ₹30 lakhs. Interest is taxable.
Corpus from pension funds can be used to purchase an annuity, which provides a steady income stream post-retirement. The payout depends on the initial investment, age, and prevailing interest rates.
Fixed deposits provide a secure option for those seeking stable returns. They offer higher returns than savings accounts but are subject to reinvestment risk if interest rates fall in the future.
