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.

After retirement, senior people depend on their accumulated corpus to meet their financial needs. However, it’s important that seniors take special care of their money and wealth, or else they may put themselves into a financial mess.

Plan your finances strategically. For instance, consider life expectancy, projected returns, inflation, and present and future income to ensure regular cash flows.