Retirement Planning: Secure Monthly Income Post-Retirement with These Passive Plans
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News18•18-01-2026, 13:23
Retirement Planning: Secure Monthly Income Post-Retirement with These Passive Plans
- •Retirement planning is crucial for maintaining financial stability and quality of life after leaving a job.
- •Passive income allows regular earnings without daily active work, ensuring financial security in old age.
- •Top passive income sources include Senior Citizens Savings Scheme (SCSS), Post Office Monthly Income Scheme (MIS), and Fixed Deposits (FDs).
- •Systematic Withdrawal Plans (SWP) from mutual funds and rental income from property are also effective strategies.
- •Experts advise starting retirement income planning early through regular investments to ensure a smooth post-retirement life.
Why It Matters: Plan early for retirement with passive income sources like SCSS, MIS, FDs, SWP, and rental income for financial security.
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