New Delhi, April 16 -- A Rs.50 lakh retirement corpus is not just your savings; in fact, it is your income engine. This fund will keep you protected for the next 20-30 years of your life. The real challenge in such circumstances is to balance monthly cash flows, capital protection, inflation management and tax efficiency without taking any undue risk that could deplete your savings.

Keeping these basic aspects in mind, CA Suresh Surana explains a well-thought-out, structured way to think about retirement allocation so that money remains both productive, inflation-beating and safe after retirement.

"For senior citizens, a retirement corpus of Rs. 50 lakhs should ideally be allocated across a balanced mix of income-generating, growth-orie...