Managing finances if your retirement savings run out
Individuals retiring at age 60 might require funds to last for 25 to 30 years, a significant increase from the 15-year estimate often used in traditional retirement planning. Should your savings be exhausted, you may need to cut back on spending or explore alternative revenue streams. Options include taking on part-time employment, generating rental income, selling off assets, or relying on help from family members. SEBI recommends that retirees factor in both inflation and life expectancy when building their financial roadmap.
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