Where to invest after retirement?

Friends, my earlier one on "When and Where to invest" attracted good response and read this one.

For my retirement, I have chosen a place known as "Tiruvannamalai" and this is 175km away South of Chennai.But it has excellent roads.This place is known for its Lord Shiva Temple and world renowned Ashrams.Some of the best known Ashrams are : Sri Ramana Maharshi Ashram , Sri Seshadri Swamigl Ashram and Sri Yogi Ramsurat Kumar Ashram.

So what has it got to do with your retirement investment ? A lot. First of all I am spiritually inclined and there are Yogis living right here even now. Secondly, the place attracts foreigners from all over the world, Indians living abroad and in India spiritually inclined.This way your property appreciates too.I bought a 12 years old house, renovated it and added two one BR apts on the first floor.Regularly, Europeans come to rent it for periods from 1-12 months.We enjoy the ground floor property.

Since the place is not a metro like Chennai, this is affordable and after retirement, the right place may be. This place is booming and still plenty of opportunities to buy a piece of land or an apt.All cell phones work here and you are net connected.Foreigners run small enterprises and that way you get some varieties of food also.You can also stay in Ashrams and there are a couple of Star hotels / resorts.

My point is India offers this opportunities all over. Find a place which is spiritually known or a place that has its own USP.The place need not be nearer to your present living.This investment would be inflation hedged and earns income too if you choose to build.

A good friend of mine is building 28 studio apts. in this place.Come and see for yourself and choose your own little abode in the multi-faceted India.

The Senior Citizens Savings Scheme (SCSC) is exclusively for senior citizens. The scheme defines senior citizens as those who are above 60 years of age; subject to the fulfillment of certain conditions, individuals who have crossed 55 years of age and have retired under the voluntary retirement scheme can also participate in the scheme. It fares well on the liquidity front.

In addition to the above two-what more tools that I can look upto is considering fixed deposits offering a monthly income option. Like conventional fixed deposits, they offer assured returns, but the interest payout is done every month.

Prefer those giving stable and regular returns. Also maintain enough cash balance to meet any contingencies(must). Once secured,Then based on your risk appetite choose.

What we can assume is that getting a regular income is important for retirees, so post office monthly income schemes is another investment avenue one can consider. It is operated from post offices and offers an assured monthly income.