Mutual funds pool money from investors to invest in a diversified portfolio of securities.
They offer professional management and diversification, reducing risk for retirement savings.
They provide access to various asset classes like stocks, bonds, and money market instruments.
Mutual funds offer liquidity, allowing you to access your funds when needed in retirement.
Consider schemes with a history of consistent returns and low expense ratios.
Look for funds that align with your risk tolerance and retirement goals.
Systematic Withdrawal Plan (SWP) allows you to receive a regular income.
Consider tax implications and your retirement needs when choosing a withdrawal strategy.
Mutual funds can be a powerful tool for retirement planning, offering growth potential and flexibility.
Start planning early and consult with a financial advisor to build a robust retirement portfolio.