Retirement is a bittersweet moment that marks the beginning of a relaxed life. However, stats indicate that not everybody takes retirement seriously.
If you are someone who wants to invest in the right options today for a comfortable retirement tomorrow, this blog is for you. We will walk you through 10 investment options that can help you manage your expenses after retirement. We’ve also included 3 bonus investment options that you can choose from!
If you want to pay your future self, watch this video
The 10 Best Retirement Investment Options
1. Indian Stocks
The Indian stock market is a long term investment tool with historical returns ranging from 9-16%. Stocks are divided into 3 categories:
Large-cap stocks (blue-chip stocks)
You’d be interested to know that there are 4000+ companies that trade on the NSE and BSE. Let’s take a look at the broad set of benefits and risks of Indian stocks.
While gold can’t generate passive income, the inflation hedged profits can be useful during an unexpected emergency or expense after retirement. This would, however, require you to sell gold.
Can beat inflation
10. Senior Citizens' Saving Scheme (SCSS)
Senior Citizens' Saving Scheme (SCSS) is a post-retirement investment option for Indian citizens over the age of 60. It is a government-backed investment option. There’s a 5 year lock-in period.
Fixed interest rate
5 year lock-in period
Guaranteed safety & returns
Account closure penalty (before 2 years)
3 Bonus Investment Options For Retirement
1. US Stocks
Potentially high returns
Currency based risks
Value of USD
Country based risks
The biggest market in the world
2. Exchange Traded Funds (ETFs)
Comparatively low expense ratio
Better tax benefits compared to mutual funds
3. Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Guaranteed pension payout
Pension amount taxable
Assured rate of return
5 year lock-in period
The investment options mentioned above can help you plan your retirement portfolio. Each investment comes with its own set of risks and benefits. So it is recommended that you consult a wealth coach or a financial advisor before you invest in any asset.
Retirement is not easy. But you can pay your future self by investing in the right options today. Download the Cube Wealth app to browse through the best investment options curated by our expert wealth advisors.
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.
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