What's the best way to invest my retirement money?

I have received a substantial amount of money after my retirement. I am not sure what's the best way to invest it. My children are already working, but I will need to have money for my daughter's wedding, which is likely to be in another 6 months. Are there any really safe investment options that promise good returns?
Anonymous User
Anonymous User
Asked Feb 15, 2015
Edited Feb 15, 2015
Money in old-age is the biggest support system, so you must carefully plan your investment. My advice is to consult a financial advisor from a reputed company. They will make suggestions and give you enough information on the various options available. This will help you choose one that suits you the best.

Answered Feb 19, 2015
There are three main investment categories
Stocks are shares of ownership in a corporation. They have historically provided more long-term growth than bonds
2-cash its like a money-market fund
Answered Sep 20, 2017
Here are few investment options for the retired people.
1. Senior Citizens' Saving Scheme (SCSS)
2. Post Office Monthly Income Scheme (POMIS) Account
3. Bank fixed deposits (FDs)
4. Mutual funds (MFs)
5. Tax-free bonds

I retired at 35. I have shared some good posts of The Rookie Retiree. Everyone should follow that blog(https://www.therookieretiree.com/).
Answered May 24, 2023

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