Dear Mayank,
Request you to kindly keep the name anonymous
I am working with a firm since 16 months.
I am into sales.
I have already resigned from my services and am on notice period.
I do not have any offer on hand.
The bosses are threatening that they would not issue the proper relieving letter, eg as non-performance, etc.
Can they mention the same without any prior communication to me on the said subject and if the same was really a concern then why are they not relieving me earlier?
It looks like it is an arm-twisting tactic and they are putting a lot of emotional pressure.
Since four out of seven members have resigned in our vertical, it seems they are showing the frustration on me.
I am a little soft-spoken and do not want any confrontation with them.
Will there be a legal course available to me if the relieving is not proper?
Please help.

Ans: Dear Anonymous,
I am sure that you understand this: She has had an organ transplant which can be a very frightening experience. What she may need is more love, attention and a lot of joy and cheer around her. Don't judge her actions BUT make sure that you fill her space with love and care. I am sure once she realizes that you truly care for her, she will start to feel different and not be angry or upset with you. The fear that she may carry around her surgery will be replaced by that love and care.

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 Anonymous,
Legally, this may not be possible...So, this will continue like this till you are confronted with by your wife. The lay's ex-husband may not bother as they are already divorced BUT you have a lot of explaining to do to your wife. Better to think this through as you are surely risking your marriage.

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 Sudharsan,
What is your question for me? I think what you need is possibly a legal expert. Kindly seek one and he/she will guide you on the next steps since your wife has been dragging the case for a while now...

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 Anonymous,
Your note: I still care and love my wife...
If this were true, what would be the reason to waver and find all this infatuation boosting you to do more. It's the excitement that is the catalyst, the excitement that you possibly miss with your wife. You still care and love her, then invest time in actually building that excitement with her...it will be very fulfilling...

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 Anonymous,
So, let them work on an arrangement where she can go along with them to visit her in-laws maybe once or twice a month instead of every weekend? She obviously cannot avoid them and neither can she ask her husband to not visit his parents. So, let him go visit them every weekend, but since she finds it exhausting, she can work out something and choose her number of visits to them.

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 Anonymous,
It seems to me like your wife is quite comfortable with the current situation. So, it's up to now to handle the conflicts that you are facing.
If you want to leave your job, why do you need to persuade your wife to allow you to do that especially if you are financially stable and secure?
Before taking any major life-changing decisions, take a break from work, travel, socialize, spend time with the family, engage in new pursuits and see if anything new comes up...what excites you? What can you do with that excitement? Can you create something new with it? Does it force you see something different or change the course of your job, your life?
Unless you don't take that moment to STOP and experience something different, you will not allow yourself to have choices. So, build choices and build different ways of thinking and that will enable you to move from frustration to transformation. Take that first step, take a BREAK!

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io

Ans: You have outlined a robust financial portfolio with well-diversified assets.

Retirement Funds form a major part of your investments, accounting for 61.53% of your total portfolio. These include EPF, NPS, PPF, and bonds.

Daughter's Education Funds make up 30.12%, including fixed deposits, mutual funds, stocks, and cash reserves.

Miscellaneous Investments like gold and loans/family money account for 8.19%.

Your total portfolio value stands at Rs 1.85 crore. This is a strong base for retirement planning.

Retirement Goal Assessment
You aim to retire with Rs 70,000 monthly expenses. This is Rs 8.4 lakh annually.

Considering inflation, your expenses will increase yearly. Accounting for this is critical.

Your current portfolio may fall short of sustaining retirement if inflation and longevity are not factored in.

Analysing Retirement Investments
1. EPF and NPS Contributions

EPF and NPS together contribute Rs 79.49 lakh.

These are excellent for retirement. EPF ensures stable returns, and NPS offers potential growth.

2. PPF and Bonds

PPF and bonds provide safety and consistent returns.

However, their growth may lag behind inflation.

3. Daughter's Education Funds

Your mutual funds and stocks for education are excellent growth-focused choices.

Fixed deposits provide stability but may not beat inflation.

Retirement Strategy Recommendations
1. Gradual Portfolio Rebalancing

Gradually reduce exposure to high-risk equity investments two years before retirement.

Shift a portion into debt mutual funds or other low-risk instruments.

This protects your corpus from market fluctuations.

2. Consolidate Retirement Corpus

Consider earmarking a portion of mutual funds for retirement instead of education.

This avoids the need to liquidate long-term investments prematurely.

3. Optimise NPS Allocation

Maximise equity exposure within NPS for better long-term returns.

Equity in NPS can provide growth even post-retirement.

4. Build a Liquid Fund

Set aside six months’ expenses in a liquid fund or high-interest savings account.

This ensures easy access during emergencies.

Education Fund Recommendations
1. Prioritise Growth-Oriented Investments

Mutual funds and equity investments can outpace education inflation.

Continue SIPs in well-diversified funds with a mid-to-high risk profile.

2. Review Fixed Deposits

Fixed deposits offer safety but lower returns.

Consider reallocating a portion into balanced mutual funds for better growth.

Tax Efficiency Considerations
1. Mutual Fund Taxation

LTCG above Rs 1.25 lakh is taxed at 12.5%. Plan redemptions carefully to minimise tax.

STCG is taxed at 20%. Avoid frequent withdrawals to reduce this burden.

2. Fixed Deposit Taxation

FD interest is taxed as per your income slab.

This reduces effective returns compared to tax-efficient mutual funds.

Lifestyle Adjustments for Retirement
1. Assess Post-Retirement Needs

Recalculate expenses to include healthcare and travel costs.

Account for inflation when estimating monthly retirement needs.

2. Healthcare Planning

Secure adequate health insurance for yourself and your family.

This prevents medical emergencies from draining your retirement corpus.

3. Maintain a Contingency Fund

Keep a contingency fund for unforeseen expenses.

This should not be part of your primary retirement corpus.

Professional Guidance and Monitoring
Work with a Certified Financial Planner (CFP) to evaluate your portfolio regularly.

Adjust your asset allocation annually based on market conditions and your changing goals.

Final Insights
Your disciplined approach has created a solid foundation for financial security. However, your portfolio requires optimisation to meet both retirement and education goals. Focus on balancing growth and stability. Align investments with specific goals to minimise future shortfalls. Maintain regular reviews and adjustments to stay on track for a comfortable retirement.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: Your financial profile is impressive, with a strong income and disciplined investments. However, home loan closure requires thoughtful assessment. Let's evaluate your situation from all angles.

Current Financial Standing
Income and Loan Details

Monthly income: Rs 2,50,000
Outstanding loan: Rs 27,00,000 (divided equally with your wife)
Loan tenure: 15 years, started in 2022
Investments and Savings

Monthly SIPs: Rs 40,000
SIP value: Rs 27,00,000
Savings and FDs: Rs 13,00,000
You have maintained a disciplined investment approach and a healthy liquidity buffer.

Benefits of Closing One Loan
Reduced Financial Liability

Paying off Rs 13,50,000 reduces loan EMI burden.
Frees up monthly cash flow for other goals.
Interest Savings

Prepayment saves on the interest payable over the tenure.
Longer tenure loans attract higher interest due to compounding.
Psychological Relief

Eliminating one liability reduces financial stress.
Simplifies loan management for your household.
Reasons to Consider Retaining the Loan
Tax Benefits

Home loan offers tax deductions on interest and principal repayment.
These benefits can reduce your tax liability.
Opportunity Cost

Using Rs 13,50,000 for repayment might affect potential investment growth.
Well-invested funds can earn returns higher than the loan interest rate.
Liquidity Concerns

Retaining Rs 13,00,000 ensures funds for emergencies or opportunities.
Avoid locking all liquidity in debt repayment.
Recommendations
1. Partial Loan Prepayment
Use Rs 6,50,000 for partial prepayment.
Retain Rs 6,50,000 as emergency funds.
2. Continue SIP Investments
Your SIPs provide wealth growth over the long term.
Ensure these investments align with your financial goals.
3. Assess Loan Tax Benefits
Evaluate your annual tax savings from the home loan.
Maintain the loan if the benefits outweigh interest costs.
4. Revisit Your Financial Goals
Align loan repayment and investments with long-term plans.
Include retirement planning and children's future expenses.
5. Monitor Emergency Fund Requirements
Ensure 6–12 months of expenses are readily available.
This helps handle unforeseen circumstances without liquidating investments.
Impact of Prepayment on Investments
SIPs are crucial for wealth creation.

Avoid diverting SIP funds for loan repayment.

Use liquid funds like savings or FDs for prepayment instead.

Mutual funds can provide better long-term returns than the interest rate saved by prepaying the loan.

Tax Implications
Consider how prepayment affects your tax savings.
Losing tax benefits may increase your net tax liability.
Final Insights
Your disciplined approach to finance is noteworthy. Closing a part of the loan is a balanced strategy. Retain some liquidity and continue your investments.

Keep reviewing your financial goals to adapt your strategies. Periodic reviews with a Certified Financial Planner can help optimise decisions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ans: You have built a strong SIP portfolio worth Rs 1.20 crores. Your discipline in investing is impressive. This approach ensures long-term growth and financial security.

You invest Rs 29,000 monthly, which aligns with your future retirement needs.

Living in a debt-free, owned house adds stability to your financial situation.

Since you plan to retire in two years, preserving your retirement corpus is critical.

Concerns About Market Volatility
Market fluctuations can be unsettling, especially near retirement. However, long-term SIP investments often outgrow volatility.

Withdrawing your portfolio now may lock in losses during a downtrend.

Redeploying funds into FDs may not match your retirement income needs due to low returns.

Equity investments are key to beating inflation, ensuring your money retains its purchasing power over time.

Alternatives to Withdrawing Your Investments
1. Gradually Reduce Equity Exposure

Start reallocating a portion of your portfolio from equity to debt mutual funds.

Debt mutual funds offer lower risk and steady returns compared to equities.

This approach reduces market-related risks while maintaining better returns than FDs.

2. Maintain a Balanced Portfolio

Retain a mix of equity and debt funds in your portfolio.

Equity provides growth, while debt offers stability. A 60:40 equity-to-debt ratio may suit your situation.

Consult a Certified Financial Planner (CFP) to fine-tune the allocation based on your retirement goals.

3. Build an Emergency Fund

Set aside six months’ expenses in a liquid fund or bank savings account.

This ensures easy access to funds without disturbing your investments.

4. Systematic Withdrawal Plan (SWP)

After retiring, consider setting up an SWP in your mutual funds.

This provides regular income while keeping the bulk of your corpus invested.

SWP allows better tax efficiency than FD interest.

Drawbacks of Moving to Fixed Deposits
1. Low Returns

FD returns may not beat inflation over the long term.

This can erode the purchasing power of your retirement corpus.

2. Tax Inefficiency

FD interest is taxed as per your income slab, reducing effective returns.

Mutual funds, especially debt funds, offer better tax efficiency.

Advantages of Staying Invested in Mutual Funds
1. Compounding Benefits

Long-term mutual fund investments benefit from compounding, enhancing growth.
2. Diversification

Your SIPs already spread risk across asset classes and sectors.

Diversification mitigates the impact of volatility.

3. Flexibility

You can adjust your portfolio allocation without completely withdrawing.
Recommended Steps Before Retirement
1. Define Your Retirement Corpus Requirement

Estimate post-retirement expenses, considering inflation and healthcare costs.

Ensure your portfolio aligns with these needs.

2. Secure Adequate Health Insurance

Ensure you and your family have sufficient health insurance coverage.

This prevents medical emergencies from draining your retirement funds.

3. Gradual Rebalancing

Move a part of your equity investments into safer options like debt funds over the next two years.

This reduces exposure to market risks as retirement nears.

4. Avoid Panic Decisions

Market volatility is normal and often short-lived.

Avoid making emotional decisions that may harm your financial goals.

5. Seek Professional Guidance

Work with a Certified Financial Planner to review and optimise your retirement strategy.

A CFP will help you align your investments with your long-term goals.

Final Insights
Switching entirely to FDs may seem safe, but it can jeopardise your retirement goals. Instead, focus on rebalancing your portfolio to align with your changing risk profile. A combination of equity, debt, and liquid funds can ensure both growth and safety. Continue your disciplined approach, and your investments will provide the stability and income needed for a comfortable retirement.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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