You may have just started your career, may be enjoying your mid-age life or at the edge of your retirement, in all these stages, it is necessary to think about the life after retirement. For your whole life you may be concerned about your studies, career, life, family, finance, children’s education, their career, so on and so forth. If you are only concerned about these and addressing these issues, then you are living in today. But, what about your tomorrow? How are you going to secure your retirement life?



In your retirement life, you will not have any income, but you will have stress related to health, emotions, family, home improvement, etc. You cannot ignore these issues, but to address each of them you need enough money. So, you must have some retirement planning for this. You can invest in some investment channels that can provide you good ROI.

Fixed Deposit- You can invest in a fixed deposit where you can get a higher rate of interest. You should be aware that a senior citizen can get an interest rate of 8.20%, which is pretty higher than the normal interest rate. You can get many additional benefits from an FD investment such as protection from a cash crunch, fixed assured returns without any loss, tax concessions under Section 80C of Income Tax Act.


Life Insurance- You must have a life insurance of yours as well as of your family. The responsibility of your family, especially your spouse, cannot be ignored at any cost. You must ensure that your spouse is economically independent even in your absence, so life insurance is required.



Health Insurance- Medical emergency may appear at any point of time, especially at your old age. So, health insurance is the essential investment of all times.

Real-estate- The value of real-estate goes up and down depending on marketing fluctuations. But generally, the value goes up with time. So, you have invested in real-estate, you can gain a lot over time.