Hello mam, I am a 52 year old qualified woman, i left my well paid illustrious job after doing it for 13 years in 2008 to run my own business but due to some unforeseen and unfortunate personal and professional circumstances, I couldn't be successful in business due to lack of funding and no partners with me and remained a trader only in last 15 years. Although as a sole proprietor of the business, I handled all aspects of business my self like sales, marketing, finance, new clients generation etc, Got lot of experience as a sole proprietor but couldn't generate much revenue. I am a single woman industry. Now if I leave my business and go for a job with my total 28 years of job and business experience, how would I explain to interviewer the reason of leaving my business? How will i explain my business income which is much lesser than the current job salary of a person with 28 years experience in my field of business? I tried to go back in job several times in the last 15 years but couldn't because of these 2 reasons so please help. Thanks

Ans: Check name exam centre, in case of discrepancy inform convener.

Ans: Actuarial has a good career prospect in India. But it is not based on Math but Statistics. Check if your daughter is interested in Stats and then decide. NMIMS has a graduation course in Actuarial.

Ans: the media described it as virus and made a hype of it. People across nations are driven by media now-a-days and this panic of lock-down or covid like situation pushed markets to fall.

Ans: It is just a short term adjustment as the fundamentals have not changed so far. Zomato as a business model is doing great in numbers, there upcoming results will clear this froth.

Ans: these are temporary unless the fundamentals changes. Long term investors should ignore such things and use this as an opprtunity to add more quantity.

Ans: Dear Anonymous,
Separation at any age is a very strained and emotionally draining activity. When you are younger, there is a lot of stakes on the ground which includes taking into consideration compatibility issues and then scope for considering separation for the sake of each others' sanity and for the sake of the children as well...
When you are older, usually these differences pale into the background and a general level of acceptance sets in with each partner either understanding the other or doing their own set of things without much involvement from the other. This seems wise at this age as there is a partner around you and loneliness is kept at bay and even if the two of you don't see eye to eye, at least there is another person in the house with you. Now, you may argue on this and say that it's better off without the other person as you and she have nothing in common. But you are right in thinking about whether it's necessary to go through this at your age.
You might want to think about the 'what' after that and how things will be different and if you and your wife are ready to take on a challenge like this.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Sir/ Madam,

Gratuity is applicable after 5 years. So in your case yes. Just check if your company has the gratuity policy. During the exit, HR will help with the gratuity withdrawal forms which you can fill and submit.

Hope this helps

Thanks
Ashwini

Ans: Dear Sir/ Madam,

Go well prepared for your interview
Know the Job description and company profile to the T
Dress well- Formals completely
Take care of your personal hygiene
Smell good
Listen to the interview before you speak. Do not interrupt
Smile and show case confidence
Just be yourself

All the best

Thanks
Ashwini

Ans: Your financial discipline is commendable. Below is a detailed analysis of your current portfolio, along with recommendations for improvement.

Income and Savings Overview
Your take-home salary of Rs. 1.05 lakh/month allows for significant savings potential.

Superannuation, PF, and VPF contributions total nearly Rs. 71,300 monthly.

Annual NPS contributions of Rs. 60,000 provide additional retirement savings.

Insurance Coverage
The Jeevan Anand policy offers Rs. 5 lakh coverage, which is insufficient for your family.

You lack term insurance, which is crucial as the primary breadwinner.

Relying solely on corporate health insurance is risky for your family’s medical needs.

Current Investments
EPFO balance of Rs. 48 lakh is a strong retirement foundation.

Postal savings (RD/NSC/PPF/SSA) total Rs. 12 lakh, but they lack growth potential.

Contributions to PPF and SSA are beneficial but need complementary growth instruments.

No exposure to equities limits the wealth-building capacity of your portfolio.

Expense Management
Monthly expenses of Rs. 30,000-40,000 are well within your income limits.

Future expenses for children’s education and parental care must be considered.

Analysis of Future Financial Sufficiency
Retirement Goal

If you work until 55, your current savings pattern may need augmentation.
Inflation and rising medical costs will require a larger retirement corpus.
Children’s Education and Marriage

Expenses for higher education and weddings will significantly impact your corpus.
Parental Care

Senior citizen healthcare costs can be unpredictable and expensive.
Recommendations for Improvement
Increase Insurance Coverage
Opt for a term insurance policy of at least Rs. 1 crore.

Secure a family health insurance plan with adequate coverage.

Diversify Investments
Add equity exposure through actively managed mutual funds.

Allocate around 25% of savings to equity mutual funds for higher growth.

Continue PPF and SSA contributions, but limit postal savings to maintain liquidity.

Optimise Retirement Savings
Review NPS allocation to ensure a balanced equity and debt mix.

Increase contributions to NPS for tax benefits and long-term growth.

Reduce over-reliance on VPF and add growth instruments like mutual funds.

Plan for Long-Term Goals
Estimate future costs for children’s education and create a targeted investment plan.

Use a combination of equity and debt funds to balance risk and returns.

Emergency Fund Creation
Maintain 6-12 months’ expenses in a liquid fund or savings account.

This will provide financial security during unforeseen circumstances.

Tax Efficiency
Review your investments annually to optimise tax savings.

Use Section 80C, 80D, and NPS tax benefits effectively.

Final Insights
Your financial discipline and savings pattern are excellent. However, diversification and better planning are essential.

Focus on increasing insurance coverage, adding growth instruments, and planning for future milestones.

With these adjustments, you can comfortably achieve your goals and sustain your lifestyle.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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