Can I use real estate as a passive income source after retirement?

Everyone instantly recognizes rental income as passive income – potentially the oldest one. There’s an irresistible allure to real estate, which naturally leads to inquiries about its potential use as a source of passive income, especially after retirement. We discussed how passive income is crucial to your retirement plan and how to build the ideal…

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What should I do to get a pension of Rs one lakh a month pension?

A 35-year-old reader asks: “I would like to get Rs. one lakh a month pension when I retire. How should I invest to achieve this?” A pension after retirement is a necessary component of a post-retirement investment portfolio. However, it is not sufficient. Nothing beats the comfort and security of a guaranteed pension payout each…

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How should I invest if my post-retirement income exceeds expenses?

A freefincal robo advisory user shared an interesting situation with us. Both the husband and wife were senior citizens with at least 27 years in retirement to plan for. The robo-advisory tool allows users to input three different sources of post-retirement income, each growing at a different pace. This couple had an income source almost…

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LIC Pension Plan (Jeevan Akshay) Annuity Rates Applicable from Feb 2024

LIC’s Jeevan Akshay – VII (UIN – 512N337V05) is an Immediate Annuity plan. You can purchase a pension (annuity) by paying a lump sum. The annuity rates applicable from Feb 2024 are listed in this article. According to LIC’s online purchase portal, the rates are the same as last year. Additional resources Use this annuity…

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