Reduced income, unexpected illness in the family, and rising inflation are all examples of post-retirement risks. Inflation is an important aspect of overcoming post-retirement risks. Creating a source of passive incomeOne of the ways to overcome this is by creating a source of passive income. you are living comfortably within the income your post-retirement corpus generates and if there is an emergency, you can dip into this. Besides, Mehta said, “Prolonged illnesses, medical bills or sudden changes in housing or marital status are all examples of post-retirement risks that one cannot foresee.

Source: Mint May 27, 2021 10:41 UTC