For most retirees, fixed deposits are the default choice. They are simple, familiar, and easy to understand. But retirement planning today cannot rely only on safety.
The cost of living rises every year. Medical expenses usually increase with age. Life expectancy is also improving, which means retirement savings may need to last for 20 to 30 years, or even longer.
This is why a retiree needs three things from a portfolio: regular income, emergency liquidity, and long-term growth.
Let us understand this through a simple case study.
The case study: Mr Sharma’s ₹50 lakh corpus
