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How to Safeguard Your Retirement Savings from Stock Market Crash

Saving for retirement is one of the biggest priorities of investors, especially those approaching their retirement soon. The same is a must, whether you like it or not, to manage a comfortable life post-retirement. Therefore, you must start building a corpus at an early age to cover retirement expenses and maintain your quality of life. Also, investment in the stock market might seem like a good prospect but there are too many risks involved. Hence, if you are planning to invest in market-linked securities, you must consider the associated risk as well.



  • The market might fluctuate by the time your investment matures, lowering down the ROI by a considerable percentage.


  • The worst of all, the market may even crash. In case the probability comes true and the stock market crashes, the investments done in market-linked securities are likely to fail. The investor won’t even be able to retrace the principal sum invested.
Read Related Post: How to Protect your Retirement Funds from a Stock Market Crash?

Therefore, what can be done to safeguard your retirement savings from the stock market crash? The answer is to invest in non-market linked securities such as Senior citizen FD scheme.
  

Invest in a senior citizens FD scheme:

Senior citizen FD scheme, unlike all the other market-linked securities, come with the highest degree of safety. Plus, the additional benefits offered with senior citizen FD scheme make it worthwhile:
(1) The interest rates on FD are higher than the average, and
(2) The TDS exemption limit is Rs 50, 000.

Bottom line:

You can also invest in government-backed up investment schemes launched especially for senior citizens.

2 comments:

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  2. Rupee cost average through SIP works irrespective of market highs and lows. When the market keeps decreasing, more number of units are accumulated and less number of units are accumulated when market is increasing. world’s best retirement calculator

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