5 Ways For Seniors To Safekeep Their Retirement Corpus

Outlook Money

Keep Money In Safe Custody

Keeping money at home carries the risk of theft. Use a secure storage option that is not easily accessible to others

Use Bank Account Or Liquid Fund

For surplus liquid money, use a bank account or a liquid fund from which it can be easily withdrawn

Spend Money As Per Budget

Use your retirement corpus wisely as it won’t replenish. Make a budget for short- and long-term spending and stick to it

Avoid Financially Emotional Decisions

Avoid being emotional in financial matters. Focus on your financial plan and do not give access to your retirement corpus to anyone.

Old Man

Keep Financial Instruments Safe

Besides safekeeping the corpus, ensure that your financial instruments like debit and credit cards, bank account details, investment, and insurance papers are also kept secure.

Compiled by Syed Muskan

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