In this video, I delve into 9 retirement income strategies that can help you secure a comfortable financial future. For senior citizens (and even those in their 40s and 50s), it is increasingly important to have a retirement plan in place that will provide steady income to support your lifestyle. I cover a range of options in this video including senior citizen fixed deposits, Senior Citizen Savings Scheme (SCSS), Post Office Monthly Income Scheme, Government securities, rental income, annuities, mutual funds, reverse mortgage and more. I have explained every retirement strategy is sufficient detail including how it can fit into your overall retirement plan. By the end of the video, you will have a better understanding of the various retirement income options available, and be able to make an informed decision on which approach is right for you.
❤️ I hope you LIKE this video and if you do, then please SHARE it with your parents and other senior citizens so that they too can receive the benefits of this knowledge. Thanks!
👉 Video Chapters:
00:00 Retirement Income for Senior Citizens
00:59 1. Senior Citizen Fixed Deposit
04:14 2. Senior Citizen Savings Scheme (SCSS)
06:35 3. Post Office Monthly Income Scheme (POMIS)
07:33 4. Mutual Funds
09:51 5. Government Securities
12:14 6. Annuities
14:03 7. Rental Income
15:52 8. Reverse Mortgage
18:02 9. Active Income
👉 Resources and Reading Material:
‣ Post Office Monthly Income Scheme: https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx
‣ Good Article by Capitalmind: https://www.capitalmind.in/2022/06/six-investment-options-for-regular-income-after-retirement/
‣ Latest interest rate on SCSS, Sukanya Samriddhi, National Savings Certificate and other small savings schemes: https://economictimes.indiatimes.com/wealth/invest/senior-citizen-savings-scheme-sukanya-samriddhi-nsc-interest-rates-hiked-by-up-to-70-bps-for-june-quarter/articleshow/98969734.cms?from=mdr
🔥 Top Videos on My Channel (don't forget to subscribe)
‣ Build a Monopoly Stocks Portfolio (27% Return) : https://www.youtube.com/watch?v=R2KM1SJuED0
‣ Coffee Can Investing : https://www.youtube.com/watch?v=uZERd4pJnRY
‣ Peter Lynch's Strategy of Stock Picking : https://www.youtube.com/watch?v=J9rbQDCo-l8
‣ Magic Formula Strategy for Indian Stocks : https://www.youtube.com/watch?v=vqWzewMdDfk
🙌 Join my community on:
‣ Youtube: https://www.youtube.com/@shankarnath
‣ Instagram: https://www.instagram.com/shankarnathofficial/
‣ LinkedIn: https://www.linkedin.com/in/shankarnath/
‣ Twitter: https://twitter.com/shankarnath
❤️ My Youtube channel is viewer-supported. Opening a trading account using the link below helps me earn an affiliate commission at no extra cost to you:
‣ Angel One: https://angel-one.onelink.me/Wjgr/4nltvf5z
‣ PayTM Money: https://paytmmoney.onelink.me/9L59/gqsqh484
#retirementplanning #seniorcitizensavingscheme #annuity
Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented
Did you miss our previous article...
https://wealthvideos.club/Financial-Planning/how-to-manage-personal-finance-2023how-to-manage-moneypersonal-finance-management-for-beginners