ELSS for senior citizens

A popular misconception is that Equity Linked Savings Schemes (ELSSs) are not a suitable investment option for senior citizens and retired persons. This follows from the widespread notion that equity-backed investments in any form are unsuitable for older people. The reality is quite the opposite though. The idea that equity is risky and suitable only for young people actually pushes many old, retired people into financial distress. Everyone tends to ignore the risk posed by the biggest threat to your fina

This article was originally published on September 22, 2020.