Sir
I retired from crpf on 30 sep 2023
My pension is about 36 thousand and recieved 75 lacs retirement benefits
I am 55 years old how to plan my future investments to recieve minimum 50 k from retirement benefits
Rajesh kumar
Ans: Future investment planning is critical for financial security and reaching your targeted income after retirement.
Given your age and desire consider the following investment options:
(SCSS) Senior Citizen Saving Scheme: A savings plan intended specifically for senior citizens, with quarterly interest payments and competitive interest rates.
Mutual Funds: You can also explore mutual funds such as Debt Funds, which can provide consistent income while being less risky than equity funds. Consider Hybrid funds, which invest in a mix of equity and debt, aiming for moderate returns while managing risk.
Annuities: Consider investing a portion of your retirement benefits into a good annuity plan to get monthly payments, within specified limit to enjoy tax free returns.
To attain your objective you'll need to build a diversified portfolio with a healthy mix of risk and return. We recommend consulting a qualified advisor/personnel who can provide personalized advice based on your risk tolerance, financial goals, and specific circumstances.