The biggest fear of most retirees is that their retirement corpus won’t last as long as they may live. So, they spend money, they do it with fear in the back of their mind. However, in reality, the chances of falling short of money are often negligible in such cases.

Saving money to fulfil your requirements and a financially secure retirement is fine, but few habits may create discomfort and void, rather than actually save you money. Here are four such reasons why these money-saving habits aren’t worth the effort when it comes to your retirement planning

Managing finances efficiently during retirement is critical to avoid financial distress. So judicious use of money, health, and insurance should be your top priority

Money received from children who are non-resident Indians (NRI) is not taxable, but it may raise questions by the income tax department for the remitter

A good plan will have a judicious mix of instruments, ensuring that while liquidity is available at the right time, the money grows to maintain its purchasing power, but the wealth is also safe

It is important to have clarity on how deferred annuity products work and how to avoid the agent’s sales pitch