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What are the opportunities for a 55-year-old Industrial Safety professional post-retirement?

Rajesh Kumar Singh |36 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Dec 19, 2024

Rajesh Kumar Singh is a mining engineer with 28 years of work experience.
During his career, he has served as the head of the mining department and as vice president of Balasore Alloys. He is currently a visiting professor at Mewar University where he teaches BTech students.
Rajesh Kumar topped his batch in BTech mining from BIT, Sindri.
A gold medallist, he has cracked the GATE (Graduate Aptitude Test in Engineering) twice -- in 1993 and 1994 -- with an All India Rank of 14 in 1994.
He has also cleared the Indian Institute of Corporate Affairs (IICA) Independent Director Test.... more

Question by KRISHNAMURTHY on Dec 18, 2024Hindi

Career

Sir, iam Krishna, age 55,Industrial engineering graduate and DIS In Safety, now pursuing MS In industrial Safety( IGNOU ).Iam having 15 plus years experience as safety officer/ manager/ OHS trainer . Please suggest me ,what are the opportunities after my retirement at the age of 60?

Ans: Advisory Roles are abundant. Companies avoid active role after 60

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Krishna Kumar |383 Answers |Ask -Follow

Workplace Expert - Answered on Feb 06, 2024

Asked by Anonymous - Jun 27, 2023Hindi

Career

I am going to retire after few months from software industry. But I need to work for few more years to fulfil my commitments. I am going to be 60 years at the time of retirment. Can I get Job in S/w industry ?

Ans: Dear Sir

Given your vast experience I would suggest you start freelancing with multiple companies...part time CTO. You will not only earn more but also it will be fulfilling.

There are so many small and medium enterprises which need people of your experience to guide them in their IT journey.

Wishing you all the best.

Regards

Krishna Kumar |383 Answers |Ask -Follow

Workplace Expert - Answered on Feb 16, 2024

Question by KRISHNA - Feb 07, 2024Hindi

Career

Krishan ji, Namaskar. I am to retire on 31.05.2025 and an in PSU since 2002 in the Establishment section of the Finance Deptt and rose to the Middle Management level. Due to my commitments, I need to work 4 to 5 further more years. May please advise What to do? I am Mech Engg, with B.com, LLB, LLM(Lab Laws) and PGDHRM (Wage Administration) working on ERP .

Ans: Dear Krishna ji

Suggest you approach companies that are providing services to various PSU. They would have need for your experience.

All the best.

Krishna Kumar |383 Answers |Ask -Follow

Workplace Expert - Answered on Oct 14, 2024

Asked by Anonymous - Sep 06, 2024Hindi

Career

I am 58 years Electrical Engineer working in a PSU and age limit for retirement is 60 years. I want to work till 65 years due to my financial condition. What are the career prospectus for aged and experienced persons.

Ans: Hello

Post retirement you can take up freelancing/consulting assignments with companies that are serving the PSU sector as they would value your experience.

Wishing you all the best.

Latest Questions

Radheshyam Zanwar |1144 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jan 16, 2025

Asked by Anonymous - Jan 16, 2025Hindi

Career

I'm a bsc botany graduate and now got admission and doing msc. I'm in first year and just gave my 1st semester exam but somehow now i feel i can't do botany at all its not just in my interest. I can't continue further with it as i dont think there's much scope too. I have interest in fields like geography or law related subjects. I'll be attempting for upsc too this year and also had a second thought to go for Law. Should i drop the msc? ....I've cried a lot thinking about that and its affecting my mental health too.

Ans: Hello dear.
First I would like to suggest that, in any way, you first complete your M.Sc. (Botnay) either with interest or without interest. Who told you that there is less scope in Botany? There are a lot of career options after M.Sc. (Botany).It is good that you are interested in geography and are attempting UPSC this year. Dear, along with your M.Sc. you can easily appear for UPSC and do the study of Geography, after completing your M.Sc. you can take the admission to Law course. Many people do the law even after their retirement or in due course of their service. There is no need to cry about the things which happened to you.
Suggestions: (1) Completer M.Sc. (Botany) by any means (2) Space-time to read Geography and UPSC Syllabus (3) Develop your overall personality and try to engage in some extracurricular activities of your interest.
Best of luck for your upcoming bright future.

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

Radheshyam

Milind Vadjikar |861 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 16, 2025

Question by arpit - Jan 14, 2025Hindi

Money

Hi, I am a new investor 41 yrs old, so far10L invested in various MF categories. Here are list of investments through SIP’sand lumpsum: 20K in Nippon Large Cap, 15K in Quant Mid cap 15K in ICICI Pru multi asset 15K in Parag Parekh flexi cap 15K in Edleweiss small cap 1L lumpsum in Motilal Oswal mid small Healthcare index fund 2L lumpsum in ICICI Pru all season bond fund 12.5K/month in PPF Can I achieve my retirement goals, both child education (9 yrs old & 5 months old), marriage etc. and is there a need to balance my portfolio. Also is there any need me to consider in other investments options.

Ans: Hello;

Your current lumpsum and monthly investment into mutual funds may be adequate to meet the education and marriage requirement of your kids. (~2 Cr)

Apart from that it may provide a retirement corpus (~5 Cr).

If you have a female kid invest in SSY(12.5 K per month) since the interest is more then PPF and other benefits are similar only with different withdrawal stage.

Also you may supplement your retirement planning through NPS (~20 K per month).

Review performance of your funds annually with reference to the category average and benchmark.

Happy Investing;
X: @mars_invest

Milind Vadjikar |861 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 16, 2025

Asked by Anonymous - Jan 11, 2025Hindi

Money

I am 48 , Income: Take home 2.5 L / pm , PPF amount 47 L , NPS - 20 L , FD- 37 L , Life Insurance - 80 L, Expenses 75 k /pm . Please advice me a plan for 2 L income / pm from 2036.

Ans: Hello;

You may need a corpus of 6 Cr to generate a post-tax monthly income of 2 L+. (Assuming 6% annuity rate and 30% tax)

Assuming your existing investment stay and continue till 2035(PPF, NPS, FD) it may grow into a cumulative corpus of 2.93 Cr.(12.5 K pm into PPF+47 L @ 6.9%, 20 K pm into NPS+20 L @ 8%, FD of 37 L @ 7.4%)

So you need to fill the gap of (6-2.93=3.07 Cr) through monthly sip.

You may begin with a monthly sip of 1 L into a combination of pure equity mutual funds and step it up each year by a minimum of 3% to reach your target in 11 years.

Here the assumption is that you have term life insurance of 80 L with no maturity value.

If it's an endowment policy then assuming maturity value of 80 L you may attain your target with a flat monthly sip of 83 K into a combination of pure equity mutual funds.

Make sure to move your gains from equity funds into liquid funds as you approach closer to your retirement to avoid it getting affected by market volatility.

Happy Investing;
X: @mars_invest

Prof Suvasish Mukhopadhyay |297 Answers |Ask -Follow

Career Counsellor - Answered on Jan 16, 2025

Question by vikas - Jan 15, 2025Hindi

Career

Hello sir I am working in psb as an officer and want to switch but too confuse...

Ans: First tell me why you want to switch over to other organization? Then I can guide you. Best of luck. Just follow me. May God Bless You. Professor.....................................:)

Prof Suvasish Mukhopadhyay |297 Answers |Ask -Follow

Career Counsellor - Answered on Jan 16, 2025

Question by Heman - Jan 01, 2025Hindi

Career

Sir, Happy new year 2025, how much SAT score required to get ICT or MnC branch in DA-IICT, for NRI student?

Ans: To be admitted in the (ICT) or (MnC) branches at DAIICT as an NRI student, you need a minimum SAT score of 1068 as per the previous record. Best of luck. Just follow me. May God Bless You. Professor.....................................:)

Prof Suvasish Mukhopadhyay |297 Answers |Ask -Follow

Career Counsellor - Answered on Jan 16, 2025

Asked by Anonymous - Dec 22, 2024Hindi

Career

Sir which college should I choose btech biotechnology in andhra university or btech food technology in jntc kalikiri

Ans: Search in net. That can give you the best anser. Best of luck. Just follow me. May God Bless You. Professor.....................................:)

Prof Suvasish Mukhopadhyay |297 Answers |Ask -Follow

Career Counsellor - Answered on Jan 16, 2025

Question by KRISHNIKA - Dec 21, 2024Hindi

Career

Hello, i currently pursuing my btech biotechnology course i wanted to do my masters in abroad but i am very much confused to choose in what subject i should do my masters. can you give my some clarity about to go into industrial or research oriented programs.

Ans: You are advised to search in net the topic of your master degree from abroad which can be pursued after the successful completion of the B. Tech Biotechnology course. Search for those subjects linked to Biotechnology and Industrial research. Best of luck. Just follow me. May God Bless You. Professor.....................................:)

Prof Suvasish Mukhopadhyay |297 Answers |Ask -Follow

Career Counsellor - Answered on Jan 16, 2025

Asked by Anonymous - Jan 16, 2025Hindi

Career

My son is working in a multinational energy company. Work culture is very good, salary also good. He did his B.Tech in CSE in the year 2023. He is working as a Software Eng. in the ERP section (less coding). My son is interested coding (creative) related job. He has a GATE (2023) score of 581 (Gen cat). My questions are 1) Is it advisable to do M.Tech in CSE using his GATE score? If yes, then which top Colleges can be preferred? 2) Or, will he continue his present job for few more years to gain experience 3) Or, to switch to a new company? Thanks in advance.

Ans: If he is interested in teaching or research he should go for M.Tech, otherwise not. Let him continue his present job. An online MBA will pay him a lot. Let him go for that. No need to switch over to other company. A rolling stone gathers no moss. Best of luck to him. Just follow me. May God Bless Him. Professor.....................................:)

Nitin Narkhede |50 Answers |Ask -Follow

MF, PF Expert - Answered on Jan 16, 2025

Question by Ashok - Jan 15, 2025Hindi

Money

Hi Sir, I have following MF in my portfolio HDFC mid-cap Opportunity fund - 16.39lac ICICI Pru Large&Mid cap Fund - 9.96lac Nippon India large Cap fund - 10.15lac Nippon india small cap fund - 9.4lac ICICI pru Value discovery fund -9.35lac JM Flexicap fund - 7.39lac ICICI pru infrastructure fund 7.29lac HDFC large and mid cap fund - 6.29lac SBI long term equity fund - 4lac Motilal oswal midcap fund-25k In total 83lac. Please advise whether I can generate 75k per month income from the investment. Thank you in advance

Ans: Dear Ashok, Yes, you can generate ?75,000/month from your ?83 lakh investment portfolio with an average return of around 10-12% per year. Consider using SWP from your equity funds and rebalancing the portfolio to incorporate some safer, income-generating investments like debt funds for stability. Causion is if the returns goes below 12% in any of the Quarters your capital may deplete. and then you might have to reduce withdrawal. Suggesion is that withdraw 6% return only or increase your investments to 1.5 CR sothat your withdrawals exceed your rise in MF amount and your Capital is always protected.
Regards, Nitin Narkhede Founder Prosperity Lifestyle Hub, Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |50 Answers |Ask -Follow

MF, PF Expert - Answered on Jan 16, 2025

Question by PREM - Jan 07, 2025Hindi

Money

Dear sir, I have completed 8.7months and withdrawn the PF amount. But I have received the certificate from pension authority. Can I get the pension by submitting the certificate at EPFO office or I have to withdraw the money. What to do. Please guide

Ans: For eligibility under the Employees' Pension Scheme (EPS), the minimum service requirement is 10 years of service. Unfortunately, with 8 years and 7 months of service, you do not meet the minimum 10-year requirement to be eligible for a monthly pension.
if you have withdrawn the PF amount, check whether your previous employment details were also included, if yes, then you may be eligible for EPS as your services cross 10 years. in that case, you can submit the request for eps pension.
Regards, Nitin Narkhede Founder Prosperity Lifestyle Hub, Free webinar https://bit.ly/PLH-Webinar

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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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