New Delhi, Aug. 11 -- Retirement is a major financial milestone. After decades of earning and building wealth, the focus shifts from accumulating a corpus to making that money last.

For someone retiring with a corpus of Rs.75 lakh, the key question is not simply where to invest the money. It is about deciding how much should remain liquid, how much should be parked in bank FDs, how much can be allocated to riskier assets such as stocks and mutual funds, and how much should be invested to generate a regular income.

These decisions should ideally be made after assessing your expenses, financial obligations, risk appetite and expected retirement period. Professional advice can also help ensure that the corpus is structured to balance incom...