The beginning of your retirement life does not end the requirement of financial planning. While years of disciplined investment would have led to a sizeable retirement corpus, inflation and tax would continue to threaten its growth. Only a good financial plan and its smart implementation would ensure liquidity and longevity of your post-retirement corpus.
Here are some money management steps to follow after your retirement.
Remain invested in equities: Investors are often advised to redeem their equity exposure for debt funds and fixed income products as they approach their retirement age. However, complete shift to fixed income products may