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Krishna

Krishna Kumar  |389 Answers  |Ask -

Workplace Expert - Answered on Feb 09, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Iffat Question by Iffat on Jan 02, 2024Hindi
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Career

I have done m.com in 2015 Working as admin executive in MEP department since ,8years Now want to change my career path

Ans: Dear M.Iffat

Please share details about what career path you want to choose.

Kindly clarify what MEP is.

Regards
Career

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Asked by Anonymous - Apr 15, 2024Hindi
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I am working as an advisor in bpo and I am 34 yr old now I want to change my career what are the relevant carreer option for me?
Ans: At 34 years old, with experience as an advisor in a BPO, you have developed valuable skills that can be transferable to various other industries and roles. Transition into a customer success role where you can leverage your experience in customer service and relationship management to ensure client satisfaction and retention. Customer success managers typically work closely with clients to understand their needs, address concerns, and maximize the value they receive from products or services. Consider a career in sales, where you can use your communication skills and persuasion techniques to promote products or services and generate revenue for a company. Sales representatives often engage with potential customers, build relationships, and close deals to meet sales targets. Explore opportunities in business development, where you can focus on identifying new business opportunities, forging partnerships, and expanding the client base. Business development executives play a crucial role in driving growth and revenue for organizations by prospecting for new clients and nurturing existing relationships. Consider a career in operations management, where you can oversee day-to-day business operations, optimize processes, and improve efficiency. Operations managers often work cross-functionally to coordinate activities, allocate resources, and drive continuous improvement initiatives to achieve organizational goals. Explore opportunities as a project coordinator, where you can apply your organizational skills and attention to detail to manage projects from initiation to completion. Project coordinators typically assist project managers in planning, scheduling, budgeting, and monitoring project progress to ensure successful outcomes. When exploring career options, consider your interests, strengths, and long-term career goals, as well as the skills and experiences you've gained in your current role. Networking, conducting informational interviews, and seeking guidance from career counselors or mentors can also help you explore potential career paths and make informed decisions about your next steps.

..Read more

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Milind

Milind Vadjikar  |931 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Mar 08, 2025

Asked by Anonymous - Mar 06, 2025Hindi
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Money
Can I retire at age of 50 years? My savings are cash in Bank around Rs 2 Cr with nominal FD returns, Have Physical Gold about 3 Kg (Purchase price 1.8 Cr), Have Ornament Gold about 2.3 Kg (Purchase price 1.2 Cr), Have Unlisted NSE stock worth 1 Cr, Have Pre IPO Opportunities Fund worth Rs 80 Lakhs, Have two apartments worth 3 Cr and 1.5 Cr with combined rental of Rs 1Lakh per month, Have residential plot worth 1.5 Cr, Have one house abroad worth 6 Cr and rental 2 Lakhs per month, Have cash in Offshore Bank in dollars i.e. worth Rs 12 Cr with nominal FD returns, Have Insurance schemes worth Rs 20 Lakhs and Lastly have a house worth Rs 18 Cr in which we currently reside. Our Expenses : We have no Loans/Debts, Our Average Monthly Expenses are Rs 8 Lakhs, Health Insurance Rs 1.5 Lakhs per annum, Total College Education abroad for 2 kids for next 6 years estimated to be Rs 6 CR on an average 1CR per year, Old Aged Parents Expenses Rs 2 Lakhs per month.
Ans: Hello;

Just summarizing your assets available for generating retirement income:

1. Domestic FD: 2 Cr
2. Gold(3 Kg) valued at~:2.64 Cr
3. Jewellery valued at~:2 Cr
4. Flat1: 3 Cr
5. Flat2: 1.5 Cr
6. Land: 1.5 Cr
7. Overseas House: 6 Cr
8. Overseas FD: 12 Cr
9. Self occupied property: 18 Cr
10. Stock & AIF: 1.8 Cr
Total: 50.44 Cr
(Gold price considered: 88 K per 10 gm)
However we can subtract assets at serial no. 3, 7 and 9 from this and we get a corpus of 24.44 Cr. The 44 L may be kept aside for transaction costs, taxes etc.

It is advisable that you sell the flats in India offering low rental yield and also physical gold and the land property.

Now the corpus of 24 Cr may be split into two parts:
20 Cr may be invested in MFs for SWP at 5% yielding post tax income of around 7.3 L per month.

4 Cr may be used to buy immediate annuity from a life insurance company. Assuming 6% annuity rate you may expect a post tax monthly income of 1.4 L.

So your post tax monthly income may be:
7.3+1.4+2*=10.7 L as desired.
*Rental from overseas House

Since the kid's higher education is not finding place here I suggest you work for few more years, while putting this retirement income plan in place, for funding their higher education.

Best wishes;
X: @mars_invest

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