Turned 60? 5 Key Portfolio Changes for Financial Security Post-Retirement

• Prioritize monthly expenses by investing in safe avenues like SCSS, Post Office MIS, and Bank FDs for guaranteed income.
• Allocate a portion of your portfolio to mutual funds or balanced funds to combat inflation, as expenses will rise over time.
• Maintain liquidity by keeping funds in liquid funds or savings accounts for unexpected medical emergencies or sudden expenses.
• Understand tax implications; interest from FDs is taxable, so choose investments that provide good post-tax returns.
• Simplify your portfolio by consolidating investments for easier management and peace of mind during retirement.