Skip to main content

Posts

Allocation of Money upon completion of Employment -

I recommend considering a diversified investment portfolio that balances risk and return. Allocate a portion of your funds to fixed-income instruments like Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), and Monthly Income Plans (MIPs) from mutual funds. Additionally, consider a mix of equity-based investments such as Dividend Yield Funds or Blue-chip stocks for potential capital appreciation. Certainly. Let's break down the suggested investment strategy in more detail: 1. **Senior Citizen Savings Scheme (SCSS):** - SCSS is a government-backed savings scheme for individuals above 60. - It offers fixed interest payouts quarterly, providing a stable income source. - You can invest up to ₹30 lakhs individually. 2. **Pradhan Mantri Vaya Vandana Yojana (PMVVY):** - PMVVY is a pension scheme for senior citizens. - It provides a guaranteed return with regular pension payments.- The maximum investment limit is ₹15 lakhs, offering a higher pension
Post a Comment
Read more
Recent posts

4-My Net Worth as on 13th April 2024

Overall Inventment Portfolio Status as on 13th April 2024 Mutual Funds Break Up : ULIP Break Up :
Post a Comment
Read more

Reason behind People fail in Stock Market

Post a Comment
Read more

Pre & Post Retirement Investment - Source of Income Stream

I am 59 now. Have been investing for last 25-30 years, and have accumulated a corpus of close to 5 Cr. I want to retire next year. Will this corpus of 5 Cr be enough to sustain my expenses in retirement? I have invested in commercial real estate 10 years ago, which gives me about 12 lakhs per year as rentals. My residential real estate earns me less than 3% so I do not even consider it as income. Rather I am just invested in real estate for capital gains in the long run. I pay about 22% tax on this income. I have invested in IRBINVIT and PGINVIT that gives me about 12% annual dividends consistently. So my other 10 lakhs come from these dividends. I pay about 30% tax on this income. My other chunk of income comes from this investment. I have invested in Gilt Fund (SBI Magnum) which has given me 9% annual returns in last 10 years or so. This is what I withdraw every 3 months as SWP. It was invested for more than 5 years before I started a SWP in it. So, I get lower LTCG Tax on it which
Post a Comment
Read more

3-My Net Worth as on 13th March 2024

Mutual Fund Status as on 13/03/2024 ULIP status as on 13/03/2024
Post a Comment
Read more

2-My Net Worth as on 13th February 2024

Post a Comment
Read more

RETIREMENT PLANNING-IDEA / CONCEPT 1

Every week, if not every day, a similar question comes into my feed. Words may be different but the tone is almost always: I am ___ years old. I wish to retire at ____. How much money do I require to live independently? Unfortunately, every case is different. There are many parameters and hence there is no one single answer. The factors that affect are: What are your current expenses not including any debt/loan repayments? Are there any loans that are being serviced? (Here you said that the home is loan-free but what about other loans? A car loan is very common at the age of 45.) How many children do you have? What are their ages? (The cost of raising a single child can be high. As per Robert Kiyosaki, a family is “a liability”.) Do you support your elder parents/parents-in-law in any way? What kind of lifestyle do you follow? If you look at the chart below, I have tried to capture all kinds of expenses - daily, monthly and annual. Expenses You must look at your daily, monthly and
Post a Comment
Read more