Split your retirement budget into two categories. First, your non-negotiable expenses: groceries, utilities, insurance premiums, and basic healthcare. “This should be 40% to 50% of your monthly needs, funded entirely by safe, fixed-income instruments. Your Employee Provident Fund (EPF) and PPF lump sums can be deployed into the Senior Citizens Savings Scheme, post office schemes, and debt funds,” Jethwani said.
