MCA Graduate with 12 Years Experience: Should I Pursue a PhD?

Ans: Dear Sir/ Madam,

It's all about learning the skill to say no and building your boundary to protect yourself. Few Steps- Use alternatives as explained in the examples-

Example 1: A colleague needs a report while you’re on vacation
Instead of saying a blunt no, try this:

“Hey, I wish I could help right now, but I’m currently away with family and don’t have access to the data. Could you please check with [Colleague’s Name] in the meantime? Or if it can wait, I’ll be happy to help once I’m back.”

This approach maintains the relationship while clearly stating your limitation.

Example 2: Last-minute task assignment
Possible response:

“Thank you for considering me. I do have prior non-negotiable commitments right now. If it’s flexible, I can take it up after those are completed—or perhaps someone else on the team could assist in the meantime.”

Thanks
Ashwini
Maverick Minds
www.ashwinidasgupta.com

Ans: You have a Rs. 75 lakh home loan.
You pay only 6% simple interest as a banker.
You also have disposable income each month.
Let’s now assess your situation from all angles.

Understanding the Advantage of Low Interest

Your loan is at just 6% simple interest.

This is a rare and low-cost loan benefit.

The interest amount does not compound yearly.

So your interest cost stays predictable and steady.

You already save more compared to normal borrowers.

Regular loans are at 9% to 11% with compound interest.

Let Your Money Work Harder Through Investing

Good mutual fund investments give 11% to 13% average return long term.

This return is higher than your 6% loan cost.

So your surplus funds can grow faster if invested.

This strategy builds your wealth efficiently over time.

Compounding in mutual funds works in your favour.

Reviewing Tax Savings from Loan Interest

Your loan interest gives you tax benefit under Section 24.

You can claim up to Rs. 2 lakh deduction yearly.

This lowers your income tax burden.

Prepaying the loan reduces future tax savings.

Investments like ELSS and PPF also save taxes separately.

Liquidity Is Key for Financial Confidence

Prepaying a loan reduces your cash flexibility.

But investments offer you liquidity when needed.

Financial emergencies need access to cash fast.

Mutual funds can be redeemed when required.

Don’t put all your surplus in loan prepayment.

Peace of Mind vs. Smart Wealth Building

Some people feel peace when loans are closed early.

It reduces psychological burden and improves sleep.

But low-interest loans are better kept and managed.

You can earn more on surplus money through investing.

Debt is not always bad when it’s manageable.

Balanced Strategy Is the Best Choice

Don’t choose only one route—balance is better.

Split your monthly surplus into two parts.

Use one part to invest in long-term growth plans.

Use the other part for partial prepayments once in a while.

This approach reduces debt and builds wealth together.

What You Should Do Now

Make sure you keep emergency savings of at least 6 months’ expenses.

Review your insurance and make sure your family is protected.

If you have LIC, ULIP or insurance-based investments, assess if they are worth holding.

If they underperform, consider surrendering and reinvesting into mutual funds.

Choose actively managed mutual funds via a Certified Financial Planner.

Avoid direct mutual funds if you are not monitoring regularly.

Regular mutual funds via a qualified CFP give you guidance and support.

Avoiding Common Mistakes

Don’t rush to become loan-free if loan is cheap.

Don’t ignore inflation and real return comparisons.

Don’t ignore wealth-building just to avoid loan.

Don’t stop investing for the sake of loan closure.

Don’t go for low-return instruments only for safety.

Other Pointers to Remember

Make sure your investments match your goals.

Consider children’s education and retirement goals.

Equity mutual funds are good for goals beyond 7 years.

Hybrid mutual funds suit medium-term goals like 3 to 5 years.

For short-term use, opt for liquid or ultra short-term funds.

Track your goals and adjust asset allocation regularly.

Taxation of Mutual Fund Gains

Long-term capital gains above Rs. 1.25 lakh are taxed at 12.5%.

Short-term gains are taxed at 20%.

For debt funds, both LTCG and STCG are taxed as per your tax slab.

These taxes are payable only when you sell the units.

So your money grows without yearly tax deductions.

Avoid Index Funds and Direct Plans

Index funds don’t give alpha or outperformance.

They follow the market but don’t beat it.

In tough markets, they fall without support.

Active funds are managed by experienced fund managers.

Direct plans lack professional support and review.

With regular plans through a CFP, you get full handholding.

Finally

Your concessional loan is a blessing. Keep using it.

Use your disposable income to create long-term wealth.

A good plan includes both investment and prepayment.

Invest for your future. Don’t just avoid loans.

Stay liquid, stay insured, and invest smartly with professional help.

Review this plan every 6 to 12 months with a Certified Financial Planner.

Build a clear plan for family goals and retirement readiness.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: You are 47 years old. You have a daughter aged 11 and twin sons aged 6. You plan to retire in 3 years due to health issues. After retirement, you and your wife will earn around Rs. 1 lakh per month from part-time work. Your current family monthly expense is around Rs. 2 lakhs.

Your situation is serious and needs careful planning. I appreciate that you are thinking well in advance. Let us look at your situation in full detail now.

Assessing Your Retirement Timeline
You want to retire at 50. That’s 3 years from now.

That gives limited time to build a full retirement corpus.

After that, you and your wife plan to earn Rs. 1 lakh per month together.

Your expenses are Rs. 2 lakh per month now. This will rise with inflation.

So, you need to fill the gap of at least Rs. 1 lakh per month post-retirement.

That gap will also grow each year due to inflation.

You also have three children. Their education and future needs must be planned.

With three young kids, your financial responsibility will last for the next 15 to 20 years.

Understanding the Expense Gap
Your expenses are Rs. 2 lakh monthly now. This is Rs. 24 lakh annually.

After retirement, part-time income will cover Rs. 1 lakh monthly.

You need Rs. 1 lakh more every month from your savings.

That’s Rs. 12 lakh per year. But this amount will grow with inflation.

In 10 years, this could easily be around Rs. 20 lakh a year or more.

In 20 years, it can be around Rs. 35 lakh or more annually.

So, your retirement corpus must be big enough to cover this rising gap.

It should also last at least 30 years, as both you and your wife may live till 80 or more.

What Should Be Your Retirement Corpus
To cover Rs. 1 lakh monthly shortfall, you need a strong investment base.

That base should grow and generate income for 30 years.

You also need to plan for children’s schooling, college, and marriage.

So, your total retirement corpus should be built with multiple goals in mind.

You may need at least Rs. 6 crore to Rs. 7 crore total corpus by age 50.

This will help you cover your lifestyle gap and also children’s future needs.

The final amount will depend on inflation, market returns, and disciplined investing.

Breaking Down Your Future Expenses
1. Lifestyle Needs

You need Rs. 2 lakh monthly today. This will rise.

After retirement, inflation will push this to Rs. 3.5 lakh to Rs. 4 lakh in 15 years.

That means higher withdrawals every year.

2. Children’s Education

Your daughter will go to college in 6 years.

Your twin sons will go to college in 11 to 12 years.

Education inflation is very high, around 8% to 10% yearly.

Private college and higher studies can cost Rs. 50 lakh to Rs. 1 crore in future.

3. Health and Medical Needs

Health issues are already a concern. Medical costs rise fast.

A single hospitalisation in the future can cost Rs. 15 lakh or more.

You must keep a separate medical emergency fund.

4. Travel, Leisure, and Emergencies

Retirement is not just about needs. It should also include wants.

You may want to travel or support family in emergencies.

Keep a buffer for these lifestyle goals.

Creating a 3-Bucket Investment Strategy
Bucket 1: Emergency and Medical Fund

Keep 12 to 18 months of expenses in this bucket.

That means Rs. 25 lakh to Rs. 30 lakh in liquid funds.

This bucket should not be touched for regular income.

Use it for medical, health, and sudden family needs.

Bucket 2: Income and Safety Bucket

This gives regular income after retirement.

Invest here in low-risk and balanced funds.

This bucket must cover 8 to 10 years of shortfall.

It must be reviewed every year and rebalanced.

Withdraw monthly through SWP (Systematic Withdrawal Plan).

Bucket 3: Growth Bucket

This is for long-term income.

It must stay invested for the next 10 to 15 years.

Use only actively managed equity mutual funds.

Don’t invest in index funds. They follow the market and offer no safety in a fall.

Actively managed funds are better for retirement. They reduce risk and give better return with guidance.

This bucket will support your income in the later years of retirement.

Additional Planning Tips for a Complete Strategy
1. Insurance Review

Check your health insurance. Buy a super top-up if possible.

If you have any traditional policies like LIC endowments or ULIPs, evaluate surrendering them.

Reinvest that money in mutual funds via Certified Financial Planner.

2. Avoid Index and Direct Funds

Index funds are unmanaged. They don’t protect you in a downturn.

Direct funds have no advisor support. You may exit at the wrong time.

Invest through regular mutual funds with Certified Financial Planner.

You get discipline, emotional support, and regular reviews.

3. Tax Planning

After retirement, plan all withdrawals smartly.

Equity mutual fund LTCG above Rs. 1.25 lakh is taxed at 12.5%.

STCG is taxed at 20%.

Debt mutual fund gains are taxed as per your income tax slab.

Plan withdrawals in phases to manage tax.

Use SWP instead of lump sum withdrawal.

4. Estate Planning

Write a clear Will. Register it if possible.

Add nominations to all financial accounts and investments.

Discuss with your wife about all assets and accounts.

Educate your children slowly about financial basics.

5. Spending Discipline

After retirement, control lifestyle inflation.

Avoid overspending in early years.

Keep budgets for kids' education, personal care, and travel.

Review expenses every quarter.

Talk to your wife and plan joint financial goals.

How to Reach Rs. 6–7 Crore in 3 Years
This is a very short time.

You must save aggressively now.

Cut all unwanted expenses.

Increase monthly investments to the maximum.

Invest only in actively managed equity mutual funds through regular route.

Don’t keep too much in savings or FDs.

Avoid real estate as it is illiquid and low-return.

Rebalance investments every year with the help of Certified Financial Planner.

Finally
You have only 3 years to build your corpus.

You also have a big responsibility of three children.

You will work part time after retirement, which gives some cash flow.

But you must plan very carefully and very thoroughly.

Create three investment buckets to manage needs properly.

Use only actively managed mutual funds, not index or direct funds.

Avoid risky shortcuts and always review plans every year.

With health concerns and young kids, long-term planning is critical.

Your retirement is not the end of income. It is the beginning of financial wisdom.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello;

This being a neutral forum it would be inappropriate to name xyz Insurance as better.

But you should look at the following aspects while selecting insurer for life insurance:

1. Claim settlement record for 3-5 years.
2. Capital adequacy and Solvency
3. Listed companies may have edge because disclosures are higher.
4. Strong parentage & group reputation.
5. Minimum exclusions
6. Lower costs

Despite availability of many riders it is better to take following 2 riders:

1. Accident benefit
2. Critical illness

You may do some online comparision on web aggregator platforms and arrive at a suitable decision appropriately.

Fix a timeline for yourself to take that insurance buy decision which will ensure that procrastination doesn't harm you in the research process.

Best wishes;

Ans: Hello;

You need to put aside amount worth 6-8 months regular expense coverage and keep it aside in a liquid fund or a savings account.

Do invest in NPS for your retirement planning. It is the best tool available from cost, returns, tax point of view.

Only thing to be borne in mind is NPS allows very restricted withdrawals over its entire span, subject to T&C, because it's a product meant for retirement.

Except home loan all your loans are getting settled in less than a year so it's okay but never ever use loan as source of funds for personal needs.

Also avoid investing in chit funds because they have a high risk and hence promise of higher returns.

Also start systematic investments in mutual funds through monthly sip's as per your goals and risk appetite.

The MF/stock holding and chit fund money return(5 L) will take care of your marital expenses.

Happy Investing;

Ans: Dear Anonymous,
The first question is, are you interested in getting married or are you pushing yourself because of age and pressure? If you are interested, then great. You can either ask your lady friend if she has interest in you and see where things go. Or you can ask friend and relatives to find you someone suitable. If you want to handle things yourself then register on a matchmaking app. It would give you more freedom and control over your own love life. Now, if you are not interested in marriage, you should not force yourself. Take your time to understand what exactly you want– in the meantime, you can find some compatible women on the matchmaking app and interact with them for sometime. There’s no pressure to commit there. But you have a fair idea whether or not you are cut out to live the married or committed life.
Hope these help.

Ans: Dear Anonymous,
I believe you should have an open conversation with your husband about a better split of the financial responsibilities. I am not assuming which one of you earns more, but from the tone of your question, I felt that he might be contributing less compared to how much he earns and that isn’t fair. It’s important that you discuss this with your husband as early as possible.

Best Wishes.

Ans: Yes. the buyer will not have any issue with regards to sale. Further, with regards to POA, a Registered Special Power of Attorney works in most states in India.

Ans: Dear Sir/ Madam,

As humans we bound to overthink and question back and self-doubt. It's important to process the emotions then accumulating.

Try this the next time you feel negative-

Firstly, negativity or any feeling is just an emotion and every emotion is giving you feedback so that you can take can action. So, it works like a feedback mechanism.
Now, in the above situation where your manager said the presentation was all over the place or lacked clarity- it meant you should present the same from his perspective or from the audience’s perspective. As the person who is going to see the presentation should be able to understand and be in the same alignment as you are.

Have a discussion with your manager and ask where all did, he/she feels the presentation lacked clarity, ask what else you should have looked at to make it more valuable etc.

Once you get the feedback go back to the presentation and relook from his/ her perspective now then possibly that would make sense to you.

Idea is to process the information and see how you can make it better. Self-doubt is ok to have as it will help you relook but if you are sulking in that emotion, it will spiral down which is what happens most often. So, the next time when you get negative feedback look at from a perspective of working on yourself to be even better.

If you were not good then you wouldn't be in that job in first place. Remember that.

Thanks
Ashwini
Maverick Minds
www.ashwinidasgupta.com