I Have Retired – How Do I Invest My Money Wisely ?
Congratulations on retiring. We hope you are looking forward to an exciting second innings.
There are two primary things one needs to keep in mind while investing one’s retirement corpus:
1.) SAFETY of Capital and generating a regular monthly income
2.) GROWTH of Capital to beat inflation / meet unexpected expenses
Safety of your investments is paramount because you cannot afford to lose your investments to volatility or be locked in.
Your capital also needs to grow to beat inflation and taxes.
For example, if your current expenses are Rs 1 lakh per month, you will need an increasing amount of money every month year-on-year.
In year one, to generate a post tax monthly income of Rs 1 lakh, you will need to have a pre tax income of Rs 1.42 lakhs or Rs 17 lakhs per annum.
Your investment corpus needs to grow every year also, to generate 17 lakhs in year 1, 18.5 lakhs in year2 and so on.
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