I'm 37 and salaried with monthly in hand of 1.7 lacs. Have a daughter 5 years old.
Current savings MF 53 lacs, ppf 3.5 lacs, epf 20 lacs, equity shares 3.5 lacs, savings account (for liquidity) 2 lacs
Monthly expenses 60k
Car loan 10k (monthly and 2 years left)
Monthly Sip 30k
Life insurance 80k (annually)
Health insurance for parents 60k annually.
Epf contribution 25k monthly (not voluntary)
Rental income 18k (monthly)
Want financial independence by the age of 47. Kindly suggest
Ans: Dear sir ,
???? I would also strongly suggest working with a QPFP / Financial Planner to create a detailed retirement cash flow plan and fund monitoring strategy.
Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai