New Delhi, Sept. 4 -- When individuals enter retirement, they mark a shift from wealth accumulation to capital preservation and stability in income flows. Without a consistent and seamless flow of regular salary, managing day-to-day spending can easily become challenging.

Expenses such as medical bills, credit card bills, personal loan EMIs, child school fees, and grocery expenses require solid and dependable sources of income. Bonds come into the picture to assist with facilitating this after retirement. They emerge as a strong candidate for retirees aspiring to seek a consistent flow of cash with minimal risk and predictability.

To put it simply, bonds are loans given to governments or private entities in exchange for periodic interes...