Managing wealth during retirement requires a shift from accumulation to preservation and income generation. Many retirees, like a 66-year-old investor with a portfolio of around 100 stocks and ongoing systematic investment plans (SIPs) worth ₹60,000, face the challenge of simplifying their investments. Expert Anand Rathi emphasizes the importance of streamlining portfolios to create sustainable withdrawal strategies without compromising long-term financial security. He suggests transitioning from SIPs to debt-oriented investments to support future cash flows, as continuing both may lead to inefficiencies. Rathi also highlights the difficulties of managing a large stock portfolio, recommending that retirees focus on retaining 15-20 high-quality stocks while gradually exiting less stable ones over three years. This phased approach can help mitigate tax implications and ensure a more manageable investment strategy, aligning with the goal of achieving financial stability in retirement. Ultimately, simplifying the investment process can lead to better decision-making and a more secure financial future for retirees.