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Krishna

Krishna Kumar  |377 Answers  |Ask -

Workplace Expert - Answered on Feb 29, 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
Asked by Anonymous - Jan 02, 2024Hindi
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Career

Hii, I am 54 years old working with govt. I am in the legal field having 30 years of experience in the field of civil and criminal laws in Indian courts. Do I have the option to look for migrating to other country, if I leave the job and look for some professional work like a consultant or practice as a lawyer? If yes, which countries can give me a PR.

Ans: Dear

Your option is to work for MNC that serve Indian market but then you will be based in India.

All the best.
Career

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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Dec 29, 2023

Asked by Anonymous - Dec 29, 2023Hindi
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I am 40 years old and earning 60 lakhs pa in India. I am working as software consultant. my wife wants to migrate to abroad but I am not sure what are my optiobs at this age. kindly suggest which countries I can look for PR .
Ans: Based on your profession, experience, and salary, you have several options to consider for permanent residency. Here are some countries that are popular among software consultants:

Canada: Canada is a great destination for software consultants as it offers a dynamic workforce, high safety, and world-class free public healthcare. The country’s average pay grade or rather median salary for software developers is also quite remarkable. You can apply for permanent residency through the Express Entry program1.

USA: The US is a dreamland for technologists from across the world. The country attracts students, techies, innovators, entrepreneurs, and business leaders from across the globe. US-based companies are always one step ahead in hiring talented tech professionals from every country. To work in the US, you will need the H-1B visa, which is in high demand right now as the restrictions have been lifted by the US government2.

Japan: Japan has been instrumental in the growth of the global tech industry for more than 6 decades. It is considered one of the wealthiest nations across the globe. Techies from mechanical, chemical, data, electrical, chemical, AI domains can find plenty of high-paying jobs in Japan. So, if you are a software professional from India, Japan can be a great place for you to work2.

Switzerland: Switzerland is known for its high standard of living, excellent healthcare, and education systems. The country has a thriving economy and is home to many multinational companies. The Swiss government offers a range of visa options for skilled workers, including the EU Blue Card2.

Germany: Germany is a great destination for software consultants as it offers a dynamic workforce, high safety, and world-class free public healthcare. The country’s average pay grade or rather median salary for software developers is also quite remarkable. You can apply for permanent residency through the EU Blue Card2.

I hope this helps you make an informed decision. Please note that the immigration policies of each country are subject to change, so it’s best to check the latest updates before making any decisions.

..Read more

R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Jan 18, 2024

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I am 56 years old and work as Healthcare management Consultant in a reputed software firm. Has about 30 years of experience in this space. We want to migrate to abroad. I am not sure about the options to do so. I have a few questions - Is it possible to migrate at this age?, What are the countries in which i can continue to work?. Would like to work in a healthcare management consulting firm?. Appreciate your quick reply.
Ans: Thank you for sharing your background and questions. I will do my best to provide you with helpful information.

Firstly, it is possible to migrate to another country at any age, including 56 years old. However, the process and requirements may vary depending on the country you are interested in. Some countries may have age restrictions for certain types of visas or work permits, while others may not. It is best to research the specific country you are interested in and consult with a qualified immigration lawyer or consultant to understand the requirements and process.

Regarding your second question, there are many countries where you can continue to work as a healthcare management consultant. Some of the top countries for healthcare consulting include the United States, the United Kingdom, Canada, Australia, and Singapor. However, there are many other countries that also have a demand for healthcare consultants, so it is worth researching the specific country you are interested in.

If you are interested in working for a healthcare management consulting firm, there are many options available. Some of the top healthcare consulting firms include Boston Consulting Group, ZS, L.E.K. Consulting, Bain & Company, ClearView Healthcare Partners, and IQVIA. These firms have a global presence and offer a range of services to clients in the healthcare industry.

I hope this information is helpful. If you have any further questions, please let me know.

..Read more

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Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 05, 2024Hindi
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I am 41 years old........ I am earning approximately 1.7 lakh per month...... My family liability is approximately 50000 per month.......i have a liability of 10 lakh home loan for which i am paying 12500 monthly EMI.......my investment include 40000 per month in PPF, 4200 in NPS and 3 lakh invested in mutual funds......I own a house worth 70 lakh and a plot of land worth 30 lakh.......please guide me for my forther planning as i will retire at age of 54 on 2037.
Ans: Hello;

If you are sure about not using the land plot in future then I suggest you sell it and invest the proceeds into mutual funds.

So land sell proceeds(30 L) + existing corpus of 3 L if stays invested in pure equity mutual funds for next 13 years, it will yield you a corpus of 1.62 Cr.

Also I recommend you to start a monthly sip of 50 K into pure equity fund for 13 years. At the end of 13 years it may yield you a corpus of around 2.04 Cr. (A modest return of 13% is assumed for all mutual fund investments)

NPS investment will not mature till you reach 60 so I am keeping it out of our working.

Your contribution of 40 K per month to EPF+PPF(PPF contribution cannot be more then 1.5 L per person per year) will grow into a corpus of 1.1 Cr after 13 years.(A modest return of 8% is assumed)

So your comprehensive corpus in 2037 will be 1.62+2.04+1.1= 4.76 Cr.

If you buy an immediate annuity from an insurance company for your corpus of 4.76 Cr, you may expect a monthly payout of 1.66 L(post tax) considering annuity rate of 6%.

If you don't want to sell the land parcel then I recommend you to start an sip of 60 K per month for 13 years. This may yield you a corpus of 2.45 Cr after 13 years.

3 L current MF corpus will grow to 0.1469 Cr after 13 years

So your comprehensive corpus now is 2.45+1.1+0.1469=~3.70 Cr

If you buy an immediate annuity from an insurance company for your corpus of 3.7 Cr then you may expect to receive a monthly payout of 1.3 L(post tax).

Further NPS will yield you a corpus of 25.5 L at the attainment of 60 years of age.(9% return considered; hoping you will continue to contribute after your retirement at 54 age)

I am sure you have adequate term life insurance and healthcare insurance for yourself and family.

You are ready to retire at 54 as planned.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Radheshyam

Radheshyam Zanwar  |968 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Oct 07, 2024

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My son is doing his XII Standard in CBSE Curriculum with Maths,Physics, Chemistry and Biology as his group. He is yet to decide on what next after XII with his mind wavering between Astro Physics or Micro Biology with NEET in mind. Any guidance is welcome.
Ans: Hello Srinivasan.
I am glad to hear that your son is exploring diversified fields at this early stage. Astrophysics and Microbiology both are fascinating and rewarding paths, but they differ significantly in terms of the career options and the type of studies involved.
My suggestion for your son would be to focus only on the NEET examination at this stage. There is no need to divert the mind without any reason at this stage. After the NEET examination is over, you have ample time to discover more career options along with Astrophysics and Microbiology. The inclination toward career options of a student changes multiple times during the 11th and 12th. If he is brilliant, a hard worker, and dedicated to his studies, then set a goal of Min 650 marks in the NEET examination.
For Astrophysics: Focus on excelling in Physics and Maths in XII. He can apply to top institutions like IISc, IITs, or IISERs for B.Sc. programs.
For Microbiology: Prepare for NEET if he wants to take the medical path. Otherwise, he can explore a B.Sc. in Microbiology at a reputable university.

Best of luck for his future career and upcoming NEET examination.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

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Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi
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Money
Now I'm 43 years old, but next 5 year's I need 3cr with best mutual funds to invest and son education, marriage and my retirement, currently I have housing loan commitment. 70lakhs, how should I close my loan ASAP and I should have 3cr in my hand. Kindly help me, I'm in scary situation, I'm working in private sector 95k my take home and current home loan emi is 63k, 4500 recently started investment through groww app in parakh Parikh small fund, 12500 in PPF etc, kindly help. I'm completely in debt trap.
Ans: Hello;

General Comments:
People always delay retirement planning for later stage but this is not ok.

Because when you are young the investible surplus amount maybe less but you have the biggest resource, time on your side.

A mere 25K monthly sip can achieve 3 Cr in 20+ years

Query Specific Comments:
If you need this corpus in 5 years then you need to make a monthly sip of 3.55 Lacs Minimum to reach 3 Cr corpus in 5 yrs.(modest return of 13% considered).

Focus on improving your earning because then you can earmark larger amounts for investing towards your goals.

Also try to prepay the home loan as early as possible through EPF corpus or some asset sale.

Do not panic if you diligently pre-close the home loan you have ample time to invest and create a comfortable corpus for your goals.

Continue investing in MFs with increasing allocation, PPF to reach your goals.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi
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Money
I am 24 years old and earn a monthly salary of Rs.65,000. I am interested in investing some of my funds for future financial security and am also planning to marry in two years. As I have no prior knowledge of investment, I would greatly appreciate guidance on this matter.
Ans: Hello;

First and foremost buy a good term life cover including riders for critical care and accident benefit.

Ensure that you can top-up the sum assured later when you grow your responsibilities after marriage.

For retirement planning you should consider investing in NPS. If your office provides it well and good but otherwise also you can open NPS account and contribute regularly for financing your retirement. It's an E-E-E type of scheme. Charges are quite low and you can decide to select allocation to the asset classes like equity, corporate debt or sovereign bonds as per your risk tolerance. It allows limited withdrawal before 60.

If you decide to contribute to NPS per month an amount of 20 K, it will grow into a corpus of 6.51 Cr by the time you are 60 years of age.(A modest return of 9% is considered)

For all other goals such as marriage, house, kid's education, car, vacation you can use mutual funds as your mode of investments.

If you do a monthly sip of say 15 K into a pure equity mutual fund then at the end of 5 years you may expect to receive a corpus of 12.72 L considering moderate return of 13%.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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