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Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Financial planning for the senior citizen

Here is a Mint Money guide on how to make the most of your retirement corpus

Make retirement corpus work

Most retired people gravitate towards safe assets and instruments that assure returns, while staying away from the equity market. This is not a wise move. Read more here

Why reverse mortgage is unpopular

This loan is unpopular among senior citizens due to three reasons—emotional attachment to the property, lack of understanding of the product and lack of awareness. Read full story here

Insurance: health over life

Hospital bills are exorbitant, so having health insurance is a must. It ensures that you don’t dip into your retirement income in paying for medical expenses. Read more here

On a road less travelled

Though one’s car usage might come down post retirement, the need for personalised features that ensure ease of driving becomes more pertinent as on ages. Read full story here

Ready for some footloose and fancy-free time

Here is a look at various travel packages on offer for senior citizens and some factors to keep in mind when booking a holiday. Read full story here

All insurers have some restrictions on pre-existing diseases

After a specified time—generally two to four years—the pre-existing ailments become payable. Read full story here

Focus on details in a Will

Write a Will that clearly defines your beneficiaries and nominees. Include even the smaller things like family paintings and artefacts, as these may hold emotional value for family members. Read the full story here

Pension system for the future needs new thinking

As pension reforms progress, the immediacy, flexibility and dexterity of a pension system to respond to the above trends will need to be balanced with the need for a long. Read more here

Realise post-retirement goals

The topmost priority should be to prepare for essential living expenses—mostly household spends and healthcare. Read the full story here

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