New Delhi, Aug. 21 -- Turning 60 is a watershed moment in everyone's life as active earning stops and dependency on retirement corpus increases. Indians shoulder greater responsibility to build and fund their retirement due to the absence of state-funded retirement framework. On the occasion of Senior Citizens' Day, let's explore how concessions available after retirement can cushion expenses.

Although retirement benefits fall short of the safety nets available in welfare states but they can offer substantial support, concessions and financial benefits through higher interest, tax breaks and discounts. Digital-first lifestyle and eldercare platform Primus Senior Living and Marzi founder and manager director, Adarsh Narahari, said, "In In...