Updated Jan 13, 2021 | 07:05 IST
Avenues such as fixed deposits (FD), mutual funds, small savings schemes such as Senior Citizens Savings Schemes etc are some of the preferred investment options for the retired. Planning to retire? Here are some tips to manage your finances the right way after retirement (File photo). | Photo Credit: BCCL
Of all financial goals, planning for retirement is clearly the most important because you may cease to have a regular income once you hang your boots. It may also not be enough to simply accumulate a retirement corpus. You must also proactively manage this money. You have to maximise returns, minimise risks, and ensure your retirement fund doesn’t exhaust in your lifetime. Thus, managing your finances after retirement is as important as managing your finances for retirement. Here a few tips to do so.