Before settling in abroad after retirement seniors must consider various aspects meticulously, from taxation laws to their health condition.

Moving back together with family can be an emotional and economic refuge, but you should make this move cautiously for a smooth transition.  

Here are a few things to keep in mind before planning your trip to ensure your travel plan is flawless and you have a memorable experience.

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.

When entering retirement, one should be ready to tackle all the obstacles, from financial and health to legal challenges. To mitigate legal risks, senior people need to keep a strict watch on their readiness.

Zero-coupon bonds are issued at zero interest at a discount on their face value, and the investor receives a return at maturity.

The Telangana government issues a senior citizen card or certificate to elderly people domiciled in the state to help them easily access various government welfare schemes.

People normally invest in annuities, SCSS, etc. to get a decent return for meeting their expenses. However, if you have a residential property, you can rent it out to earn a decent rental income for the rest of your life after retirement.

Before applying for a loan, you must avoid things that may put you in a financially difficult situation later. Learn more

Financial institutions provide various senior-friendly banking services for the ease of older people such as doorstep banking, reduced charges and online and offline support.