Generating Post-Retirement Income: SCSS, Annuities, SWP & Reverse Mortgage
Retirement income shouldn’t depend on one product — it should come from an “income ladder” combining several sources, each suited to a different need. This guide shows how to combine SCSS (8.2%, quarterly payouts, up to ₹30 lakh) for guaranteed floor income, annuities for lifelong essential coverage, SWP from mutual funds for flexible and tax-efficient discretionary spending, and — for those who are asset-rich but cash-poor — a Reverse Mortgage Loan that unlocks home equity tax-free (under Section 10(43)) without giving up ownership or the right to live in the property. We also touch on POMIS and FD laddering as supplementary rungs, and show how the new NPS flexibility (Topic 5) makes building this ladder easier than ever before.