Secure Your Retirement: 3 Best Investment Plans for Senior Citizens' Monthly Income

• Retirement brings the need for regular income; wise investment of savings is crucial to avoid financial problems.
• FD Laddering: Divide savings into FDs of varying tenures (e.g., 1-5 years) for continuous fund flow, liquidity, and reinvestment at better rates (up to 7.5% for seniors).
• Post Office Monthly Income Scheme (POMIS): A risk-free government scheme offering fixed monthly income; invest up to 9 lakh (individual) or 15 lakh (joint) for 5 years, yielding ~9,250/month on 15 lakh at 7.4%.
• LIC Jeevan Akshay VII: An immediate annuity plan for lifelong pension with a one-time investment (up to age 85); a 60-year-old investing 10 lakh can get ~5,124/month, plus ~10 lakh life insurance.
• Experts advise combining these plans – FD laddering for liquidity, POMIS for fixed income, and LIC Jeevan Akshay for lifelong security – to reduce risk and maintain income balance.

Why It Matters: Combine FD Laddering, POMIS, and LIC Jeevan Akshay VII for a secure, balanced retirement income.