What changes should you do to your investment portfolio post retirement? Arnav Pandya answers

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Post retirement life, a very crucial time and also a time where one needs to figure out the rest of the time, especially if they do not have any particular regular income. This is the time when you actually dip into your investments that you have done all your working life. So especially talking about someone who is retiring post 60 and has planned a typical kind of a lifestyle where there is no regular income. Basic fundamentals of retirement planning would be that you have the right kind of investments done already when you were working, plan for your retirement and plan it early etc. But then when you are already retired, what kind of modifications and changes one needs to do in their investment portfolio, say if one has a completely equity oriented and a bit of debt oriented portfolio?What can one actually do to calculate the expenses post retirement because this structure also changes and so your budgeting would also change?Talking about the concept of retirement, that is also changing, people are also interested in having early retirement. Now also, you know, the example that when the gentleman is actually pursuing his passion, and then maybe trying to monetize it professionally and has already taken retirement from what he used to do earlier. How can one strategize this aspect of the retirement career where you are also investing in maybe your hobbies or something that you always wanted to do in your working life and you could not find time, you are investing in that. And all this at the same time, you want to monetize it later on. How can one strategize this because there is money again going into something that you might look at it as an investment, but then not necessarily that it might result out in the way you want it to be in terms of investments and profits?