A lot of the personal finance advice you read is about getting your retirement funds in place, but there is little on how to deploy these once you hit retirement. You may be completely dependant on your retirement funds or you may have some current income from work, but how to use your retirement funds remains largely unanswered.
Your biggest challenge is keeping your money ahead of inflation. “Among the biggest risks retirees take, many times unknowingly, is not investing in instruments that beat inflation, on a post-tax basis. As a result, their income becomes insufficient after a few years as cost of living inches up,” said Srikanth Bhagavat, managing director and principal advisor, Hexagon Capital Advisors Pvt Ltd, a Bengaluru- based investment advisory company.
