Coca-Cola denies US consumer group’s claim that its colouring ingredient causes cancer; yet the company says it will modify its drinks in India like it has in California
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Retirement Income
Higher interest rates for senior citizens are unable to combat inflation, but there still are a handful of ways to stay in nifty financial health
If you’re approaching retirement, you’re probably debating how you should invest your large gratuity or employees’ provident fund (EPF) payout. Should you avail of the investment-related benefits given to senior citizens? Only partially. Banks offer higher interest rates, but the increase is marginal and inflation will probably deplete your corpus sooner than expected. The government does offer 9% a year with its senior citizens savings scheme, but you’re locked in for five years, so it fails to provide you with liquidity.
Nonetheless, it is still possible to generate an income that could allow you to sustain your lifestyle after retirement. While this report does suggest that you assume some risk, it also discusses prudent asset allocation techniques, and puts safety first, thus putting your finances on the right track.
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