New Delhi, July 15 -- Retirement planning today looks very different from what it did a few decades ago. Longer life expectancies, rising living costs, and changing financial needs mean that retirees may need their savings to support them for several decades. As a result, retirement planning is increasingly focused not only on building a retirement corpus, but also on ensuring that it can generate sustainable income throughout retirement.

This has changed the way retirement planning is approached. Along with building savings, there is growing attention to ensuring that retirement assets can generate sustainable income, remain accessible for unexpected needs, and continue supporting financial goals over the long term.

Retirement planning...