With better healthcare infrastructure, human life expectancy has also increased. More importantly, health problems differ at different ages. For instance, a 60-year-old who has just retired may face a series of medical expenses and must be prepared for them. On the other hand, a 90-year-old may have a low tolerance for surgical corrections. Each age requires a different risk profile to allocate assets based on your goals. At DSP, we offer a personalized Investment Recommendation tool called Sarthi: https://bit.ly/DSPMF_Sarthi which helps you take investment decisions based on your risk profile
In this video, Mr. P. V. Subramanyam, CEO of Subramoney, a market veteran of over four decades, an author, and a mentor to many, explains how senior citizens of different ages must handle their funds and allocate them for different purposes to sustain themselves.
Watch this video until the end to gain invaluable insights into financial planning at an advanced age. Stay tuned for more on this channel.
00:00:03 Introduction 00:01:25 Introduction of Mr. P. V. Subramanyam 00:05:06 Factors Senior Citizens must consider before Investing 00:10:54 Safer bet for Senior Citizens to Invest 00:13:24 Whether Investing in Fixed Deposits and Insurance is enough? 00:17:50 Modes of investing 00:21:34 How should senior citizens plan for regular income? 00:22:27 Where should they focus their surplus money? 00:27:27 Protection Policies for Senior Citizens 00:30:57 Financial challenges faced by senior citizens 00:34:17 Important points before selecting good financial advisor 00:39:27 Key Take-Aways 00:45:23 Simple steps to follow for Money Management
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Disclaimer: Past Performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments. Mutual Fund investments are subject to market risks; read all scheme-related documents carefully
