During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue

It’s important to note that if the limit under Section 80DDB is exhausted, any remaining medical expenses can be claimed under Section 80D, subject to the maximum threshold of Rs 50,000

Section 80D of the Income Tax Act offers deductions for health insurance premiums and medical expenses incurred on senior citizens.

A critical illness plan is vital in old age as it can help prevent a financial crisis by covering your important medical bills in case a serious disease happens to infect you

You may think of investing and saving later to splurge the money now and have fun. But that later comes a little too late. The result is you start investing large sums in risky assets to cover up for the lost time, which does not help

While other situations can be postponed, a medical emergency must be attended to on priority, so seniors should surely have a separate emergency fund

Life is uncertain. It has its ups and downs. While ups make people happy, satisfied, and contended, downs are accompanied by loss, trauma, and financial distress. To sail over the downs, we need an emergency fund

Failing to plan is planning to fail. But sometimes, despite our best effort and a well-laid plan, things go astray, and we miss the target. In the case of retirement corpus, this is often the case

Take a health policy as early as possible to protect yourself from any unforeseen medical expenses because if you miss out, you may not get many choices after retirement

The idea of retirement homes is gaining ground and developers are bringing new projects every year. Here are things you should check for before choosing one for you