Senior Income Planner — mywealth.fit

Monthly income (net)

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after tax

Target with surplus

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income goal

Plan sustainability

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base scenario

Tax efficiency

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vs all-FD baseline

Step 1 — Structure

The three-bucket approach — why it works

The biggest risk in retirement income is sequence-of-returns risk — being forced to sell growth assets during a market downturn to pay your monthly bills. The three-bucket structure eliminates this risk entirely. Bucket 1 (liquid) covers your expenses for 18 months without touching Bucket 3 (growth). When markets fall, you draw from Bucket 1 and let Bucket 3 recover. When markets rise, Bucket 3 refills Bucket 1.

Your three-bucket allocation

Based on your corpus of and monthly income need of , here is how the money is structured.

Specific instruments for each bucket

These are starting points for discussion with your adviser and CA — not a final recommendation. Validate expense ratios, exit loads, and current yields before investing.

Step 2 — Monthly income

Where every rupee of income comes from

The income is structured to be as tax-efficient as possible. The SWP from a Balanced Advantage Fund is taxed very lightly — only the gains portion of each withdrawal (approximately 35%) attracts tax, at 12.5% LTCG rate. The rest is your own capital being returned to you — zero tax. Senior citizens also get ₹50,000 of interest income exempt under Section 80TTB and a higher basic exemption of ₹3L (₹5L for age 80+).

Monthly income waterfall

Where each rupee of monthly income comes from, what tax applies, and what you receive net. All computations use FY2024-25 senior citizen tax rates.

Source	Monthly gross	Tax	Net to you	Tax basis

Suggested instruments for your structure

Where specifically to put each bucket

These are starting points for discussion with your adviser. Validate current NAV, lock-in, and eligibility before acting.

Important: Fund selection, SCSS eligibility (age and investment limits), and SWP amounts should be validated with a SEBI-registered adviser. This is a framework — not a personalised recommendation. Tax outcomes depend on your full income picture.

Step 3 — Projection

What happens to your money over time

Three scenarios are shown because the future is uncertain. In the Base scenario (10% returns, 6% inflation — the most likely outcome based on historical Indian equity markets), your corpus should sustain your income comfortably. In the Bear scenario (6% returns, 7% inflation — a prolonged difficult period), the corpus depletes earlier — this is why the liquid buffer and SCSS structure matters. In the Bull scenario, the corpus compounds significantly and leaves a legacy. Your income grows with inflation in all three scenarios.

20-year projection — three scenarios

How your corpus and income evolve. Income grows with inflation in all scenarios. Green = healthy corpus. Amber = caution. Red = corpus depleted.

Scenario	Bear — 6% growth, 7% inflation	Base — 10% growth, 6% inflation	Bull — 13% growth, 5% inflation

Corpus trajectory

■ Bear ■ Base ■ Bull

Step 4 — Transparency

Every assumption, fully traceable

Every number in this plan is derived from explicit assumptions about returns, inflation, and tax law. If any assumption turns out to be wrong — for example, if inflation runs higher than 6% — you can change the input and re-run. There are no hidden computations. This section lists every parameter used, so you or your adviser can verify the logic and adjust if needed.

Full assumption & calculation trace

Every number used. Print or save for your records. Change any input and re-run to update the plan.

This plan needs validation against your actual documents

Tax rates, SCSS eligibility, fund selection, and the SWP amount need to be calibrated to your exact holdings. A 30-minute call maps your specific situation.

Design your income for the next 30 years.Every rupee. Every assumption. Traceable.

Talk to an adviser

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Design your income for the next 30 years.
Every rupee. Every assumption. Traceable.