Here is how tax-saving ELSS can also build wealth for life after 60

Why save for your retirement? To be financially independent when you no longer work and to maintain a comfortable lifestyle after all your responsibilities like home loan repayment, children’s education and marriage etc have been taken care of.

As you near your retirement age, your risk tolerance in financial decisions and investments also go down. This is because you have limited time period and you feel you cannot afford to take any risk during the sunset years. For instance, fixed deposits and debt funds are two popular safe investment avenues that offer you capital protection as well as fixed income. So,