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Harsh Bharwani  |56 Answers  |Ask -

Entrepreneurship Expert - Answered on Apr 17, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Asked by Anonymous - Apr 12, 2023Hindi

Hi, I am currently 60+ and would like to take retirement from my current job, though there is no defined retirement age policy in our company. I am currently engaged with Private Limited company, where I am on the Board of Directors, and holding approx 8% stock. My key functional responsibility is to oversee company's sales in the domestic market. By background and experience, I am a sales & marketing professional with around 40 years industry experience, dealing with engineering, IT and hi-tech products. I am gradually losing interest in routine work, and now wish to do something different altogether, which I can drive well at this age, that would bring more fulfuilment. What would you suggest?

Ans: As an experienced sales and marketing professional with over 40 years of industry expertise, you have a wealth of knowledge and skills that can benefit others in a variety of ways.
One potential avenue for you to explore could be transitioning into a consulting or mentoring role, where you can utilize your expertise to guide and advise other professionals, startups, or businesses. With your extensive background in engineering, IT, and hi-tech products, you could provide valuable insights and strategies to help others achieve success in these fields.
Another option could be to leverage your skills and experience to support non-profit organizations or social causes that align with your values. You could use your sales and marketing expertise to help promote and fundraise for these organizations, or even volunteer your time to assist with their operations.
In addition, you could consider pursuing continuing education opportunities to expand your knowledge and skills in areas that interest you. This could include enrolling in courses or pursuing a degree program in a new field, such as business administration, social entrepreneurship, or sustainability.
Finally, you may also want to explore opportunities to pursue a hobby or passion that you've always wanted to explore. This can be a great way to stay engaged and fulfilled, while also pursuing something that brings you joy.
Overall, there are many avenues for you to consider as you transition into retirement and explore new opportunities. By leveraging your skills and experience, pursuing continuing education, and exploring new interests, you can continue to grow both professionally and personally in the years ahead.

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Ramalingam Kalirajan  |3744 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 28, 2024

Asked by Anonymous - May 28, 2024Hindi
I am 44 years old, with 60L in ppf, 24L in epf, 15L in FDs, 10L in post office, 20L in SGBs, 20L in Sukanya, 20L family floater health insurance. No housing/car loan, etc. I have 2 children aged 16&11. My sal is 1.25L pm. I want to retire at 50, kindly advice
Ans: Planning for Early Retirement at 50
Your commitment to securing a comfortable retirement at 50 is commendable. With careful planning and strategic investments, this goal can be achieved. Let's review your current financial situation and create a roadmap for a secure retirement.

Current Financial Overview
You have accumulated significant assets across various investment instruments:

PPF: Rs 60 lakhs
EPF: Rs 24 lakhs
FDs: Rs 15 lakhs
Post Office: Rs 10 lakhs
SGBs: Rs 20 lakhs
Sukanya Samriddhi: Rs 20 lakhs
Health Insurance: Rs 20 lakh family floater
Your monthly salary is Rs 1.25 lakhs, and you have no outstanding loans.

Financial Goals and Needs
Retirement Age: 50
You plan to retire at 50, which gives you six more years to build your retirement corpus.

Children's Education and Marriage
Your children are 16 and 11. Plan for higher education and marriage expenses, considering inflation.

Monthly Expenses Post-Retirement
Estimate your monthly expenses post-retirement, accounting for inflation and lifestyle changes.

Investment Strategies
Maximize Current Investments
Continue contributing to PPF, EPF, and Sukanya Samriddhi accounts. These are safe investments with decent returns.

Diversify and Grow
To achieve your retirement goal, consider diversifying your investments into mutual funds, especially actively managed funds.

Benefits of Actively Managed Funds
Professional Management
Actively managed funds have professional fund managers who make informed decisions to outperform the market.

These funds adapt to market changes and adjust investments to maximize returns and minimize risks.

Potential for Higher Returns
Actively managed funds can offer better returns compared to passive index funds, helping you grow your corpus faster.

Regular vs. Direct Mutual Funds
Disadvantages of Direct Funds
Direct funds might have lower expenses but lack the personalized advice and professional management that regular funds offer.

Benefits of Regular Funds
Investing through a Certified Financial Planner ensures you get expert guidance, portfolio reviews, and adjustments as needed.

Recommended Allocation
Equity Exposure
Increase your equity exposure for higher growth potential. Allocate a significant portion to large-cap, mid-cap, and small-cap funds.

Debt Investments
Maintain a balanced portfolio with debt investments like FDs, SGBs, and post office schemes for stability.

Systematic Investment Plan (SIP)
Start a SIP in mutual funds to benefit from rupee cost averaging and compound growth.

Retirement Corpus Calculation
Estimate the retirement corpus needed considering your desired lifestyle, inflation, and life expectancy. A CFP can help you with precise calculations and planning.

Emergency Fund
Maintain an emergency fund equivalent to six months of expenses. This ensures liquidity for unexpected expenses.

Insurance Coverage
Review your health insurance coverage to ensure it meets future medical needs. Consider increasing the coverage if necessary.

Estate Planning
Ensure proper estate planning. Create a will and consider setting up a trust for smooth asset transfer and management.

With strategic planning and disciplined investments, you can achieve your goal of retiring at 50. Regularly review and adjust your portfolio with the help of a Certified Financial Planner to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


..Read more

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