Retirement Planning: Secure Monthly Income Post-Retirement with These Passive Plans

• Retirement planning is crucial for maintaining financial stability and quality of life after leaving a job.
• Passive income allows regular earnings without daily active work, ensuring financial security in old age.
• Top passive income sources include Senior Citizens Savings Scheme (SCSS), Post Office Monthly Income Scheme (MIS), and Fixed Deposits (FDs).
• Systematic Withdrawal Plans (SWP) from mutual funds and rental income from property are also effective strategies.
• Experts advise starting retirement income planning early through regular investments to ensure a smooth post-retirement life.

Why It Matters: Plan early for retirement with passive income sources like SCSS, MIS, FDs, SWP, and rental income for financial security.