RETIREMENTÂ
TIPS TO MANAGE YOUR MONEY POST-RETIREMENT
Published By Livemint
| 18 Mar, 2023
Here are some tips to manage your money post retirement
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Budget
Determine your expenses and set up a budget that aligns with your retirement income
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Invest conservatively
Gradually shift from high-risk to conservative investments to protect your retirement savings
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Emergency fund
Put aside a portion of your retirement savings to cover unexpected expenses
Healthcare
Be sure to plan for potential medical expenses by investing in a healthcare policy
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Tax saving
Invest in tax saving schemes to avoid losing a big portion of your income in taxes
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Part time work
Consider taking on part-time work to supplement your retirement income
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Plan for legacy
Create a will or trust to ensure your assets are distributed as you desire
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