How to prepare for a market crash after retirement
Retirement has become increasingly challenging in recent times, with equity investments failing to generate returns. The Nifty 500 Total Return Index is nearly 10% lower than its peak reached on September 26, 2024, making it a tough period for those relying on savings. However, retirees who stopped working close to the market peak have managed their finances well without altering their lifestyle.
The success can be attributed to three crucial decisions made before leaving their jobs: establishing a substantial corpus relative to yearly expenses, setting aside funds for yearly spending, and diversifying investments across various assets. Retiring in their 40s, these lessons are equally applicable to those retiring at 60.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
