If you have just hit 65 years, consider investing in Senior Citizens Saving Scheme
Senior Citizens Save Scheme is also known by the initial; SCSS. With that idea, seniors who have just retired must consider this as the first priority in their investment portfolio. Just as the name suggest, you will agree with me that the project is meant for senior citizens who have just retired. As soon as you retire, you will be expected to join this particular scheme. This is a scheme that expects you to invest a portion of your retirement benefits/funds in it. As soon as you invest, you will stand a chance of earning a certain amount of interest annually but if need be you can earn such interests semi-annually as well.
Benefits of joining Senior Citizens’ Saving Scheme
There are three main advantages that you will accrue from joining a senior scheme if available in your country. The first benefit is that you will enjoy a fixed rate of income from annual interest. For seniors who have just retired, the best thing to do with your retirement funds is to invest in a place where you can earn consistently. Unlike other business investment, this particular schemes assures you of consistent returns all year round.
Secondly, there is a sovereign guarantee when it comes to payouts from the capital invested. If you have just retired, it is important to be aware of the fact that SCSS has always been associated with negligible or no risks at all. When investing in such a project, you need to be aware of the idea that there is no point in time when your funds will be lost or swept under the carpet by the financial service provider. As soon as you invest, you will be entitled to all the benefits associated with the capital you had invested in the scheme.
Thirdly, there is a fixed income far from making you eligible to borrow loans and overdrafts from your bank or the post office. Did you know that as soon as you enroll with such a senior scheme will offer you fixed income that will last for as long as you are alive? Yes, that is it so get information here https://www.medicaresupplementplans2020.com/ for Medicare Supplement Plans 2020. You will be assured of fixed income and what makes things even better is the idea that you will be eligible to borrowing loans and even taking overdrafts both in short and in the long run.