Do a self-check and see if you are financially secure!
In retirement, financial security is most important after health.
But what does it mean to be financially secure?
Maintaining the same lifestyle over time despite inflation
Have you had to compromise on your lifestyle?
Protecting your wealth from unplanned erosion
Do fluctuations in the market / interest rates cause you to withdraw from your corpus?
Protecting yourself from medical / unplanned emergencies
Hope your health insurance can cover growing medical bills and emergencies. Have you had your health insurance plan reviewed lately?
Avoiding financial scams and being sold the wrong products
You need to be especially cautious about the financial products you choose as your active income generation phase ends.
Protecting the family wealth
Unclaimed family wealth in banks, PFs, LICs, mutual funds, etc., is over one lac crore.
As important as investing is ensuring your inheritance is passed on smoothly to your heirs or used for the causes you support.
Your entire life investments should be accessible in one place. Pass on your wealth correctly while you're still in control.