While you are heading towards your golden days it is always advisable to take moderate or low risk when you plan your portfolio. It is also important to have some replacement for your monthly salary that you were earning while you were in service.
For all senior citizens, Post Office offers two schemes the first one is Senior Citizen Savings Scheme (SCSS) while the other the Post Office Monthly Income Scheme (POMIS). Senior Citizen Savings Scheme (SCSS) is a five year scheme