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INVESTMENT OPTIONS FOR RETIRED PEOPLE
The Morning Standard
|December 11, 2023
LAST fortnight, I concluded my last column suggesting about the urgent need for retirees to avoid the Chinese Curse of outliving their money. In this column, let us look at some options available to retirees to avoid that ignominy.
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The Government's National Pension Scheme (NPS) is emerging as a popular avenue for Retirement planning though it may still undergo a few more iterations before settling down. It is also capped in terms of providing an additional Tax break.
Mutual Funds too offer multiple Retirement Plan options and one of the popular options is a Hybrid Aggressive Retirement Fund. These funds have a lock-in period of 5 years or 58 years of age, whichever is earlier. Let us now proceed to glance at a few funds from this category.
This story is from the December 11, 2023 edition of The Morning Standard.
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