New Delhi, Sept. 10 -- Retirement planning does not end with building a retirement corpus. Once regular salary income stops, the bigger challenge is managing that corpus so it can meet day-to-day expenses, fund lifestyle goals and continue growing for the later years of retirement. A retirement bucket strategy is one approach that can help investors organise their money according to when they are likely to need it.

The strategy divides retirement investments into three broad buckets based on the time horizon and purpose of the money. The first is for immediate and essential expenses, the second for medium-term lifestyle requirements and the third for long-term or aspirational goals.

According to Rajan Sarkar, Director & Unit Head, Anand...