Episode 102 - Getting regular income in retirement
One of the most common concerns that most people, especially, salaried employees, have is getting monthly income after retirement. A good retirement plan can help a person receive a regular income post-retirement. For many, retiring involves abandoning a hectic routine in favour of a more sedentary lifestyle. Most will also pursue hobbies, travel, and various other activities. But the biggest change will probably be the absence of a salary. This is why you must invest your savings in a way that generates stable income and sustains you through these glorious years. The wrong investments or over-spending can lead you to drastically reduce your standard of living in later years, or worse to old age poverty, both avoidable. So how should you invest your corpus to get a dependable income? Creating a retirement corpus is crucial to living a stress-free life after retirement. The corpus must be sufficient to live a financially independent life even after retirement. Hence, it is essential to look for a good retirement plan with regular income. What should people do earn a regular income after retirement? And how do you avoid outliving your savings? In this episode of InvestorsHangout, our experts will explain the importance of planning for retirement, how to make a retirement plan, and discuss a few investment schemes after retirement for a monthly income.
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