News From Press Should senior citizens stay away from SIPs?

Should senior citizens stay away from SIPs?

Source: Economic Times Apr 8, 2017

Some mutual fund advisors believe that Systematic Investment Plans (SIPs) are not suitable for retired individuals. However, many retired folks do not buy that argument. They counter that since a retired person is likely to live another 20-25 years, there is no harm in investing in equity mutual fund schemes through SIPs. Provided, if the person has surplus funds and the risk-taking ability.

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