Planning your investment after retirement is a bit like deciding how to spend your time after clocking out from work. You want a balance of safety, regular income, and the potential for growth.
- Safety First: Consider parking a part of your corpus in fixed income instruments like Fixed Deposits or Senior Citizen Saving Scheme. It’s like having a steady monthly pension to cover basic expenses.
- Regular Income: Opt for Systematic Withdrawal Plans or Monthly Income Plans (MIPs) from mutual funds, a sort of regular salary. They invest mostly in debt instruments with a small equity component, aiming to provide regular income and capital appreciation.
- Growth Perspective: An allocation to equity mutual funds can act as your side gig. While they come with higher risk, they also offer potential for better returns to combat inflation.
- Health Cover: Keep a chunk for healthcare expenses. This is like having a safety net in case of emergencies.
In the end, remember that your money should work for you in retirement, not the other way around. As Jama Wealth, our expert investment advisory and tailored PMS services can help you in structuring your retirement portfolio.
