Is mechanical engineering and robotics and automation engineering same or not

Ans: You have done very well till now. Building around Rs.1 crore through SIP discipline, owning a house, and earning a strong salary at this stage shows clarity, patience, and consistency. This gives you a solid base to plan the next phase with confidence.
» Present life stage and responsibilities
– Age 57, with 5 years left for active earning till 62
– Monthly salary around Rs.4 lakhs, which is a big strength
– Daughter aged 25, marriage and career yet to be settled
– Son aged 20, education expenses still ahead
– One car purchase of around Rs.30 lakhs planned within a year
– Retirement income need of Rs.2 lakhs per month after age 62
– Existing investment corpus around Rs.1 crore, mainly through SIPs
This is a classic “high earning, high responsibility” phase. The next 5 years are the most powerful years for your financial life.
» Understanding your retirement income need
– Rs.2 lakhs per month after retirement means regular cash flow, not one-time money
– Retirement may last 25 to 30 years, so safety and growth both are needed
– Depending only on interest or fixed income will not support this for long
– A part of the corpus must continue to grow even after retirement
This means your retirement corpus must be larger than what you feel today, and it must be structured properly.
» Why existing Rs.1 crore is not enough by itself
– This Rs.1 crore has done its job well, but it is still in accumulation mode
– Car purchase will reduce future surplus, so planning is needed now
– Daughter’s marriage is a known large expense and must be planned separately
– Inflation will keep pushing monthly needs higher year after year
So, the focus should be on growing this corpus further and protecting it from wrong withdrawals.
» Strategy for the next 5 working years (age 57 to 62)
– These 5 years should be treated as a “wealth acceleration phase”
– Continue SIPs aggressively as long as salary is coming
– Increase SIP amounts every year if possible, even by small steps
– Do not stop equity-oriented investments just because retirement is near
– New investments should be gradually balanced with stability-oriented options
The aim here is not safety alone, but creating a strong retirement base.
» Planning for the Rs.30 lakh car purchase
– Do not disturb long-term retirement investments for the car
– Park money meant for the car separately and safely
– Keep this money away from market volatility due to short time frame
– This ensures retirement planning remains untouched and disciplined
This separation of goals brings peace and control.
» Planning for daughter’s marriage
– Marriage expense should be treated as a medium-term goal
– Do not depend on retirement corpus for this purpose
– Allocate a separate investment bucket with moderate risk
– As the event comes closer, gradually reduce risk in that bucket
This way, emotional decisions at the last moment are avoided.
» How to structure investments going forward
– Growth-oriented investments are still required, even at your age
– Gradual shift towards stability should happen only in phases
– Avoid putting everything into low-return options too early
– Keep part of the money working for growth even after retirement
– Avoid locking money where flexibility is poor
Your income requirement is monthly, but your money must think long-term.
» Retirement phase income planning (post 62)
– Do not withdraw randomly from investments
– Create a planned, regular withdrawal structure
– Ensure one part gives stability and another part gives growth
– Review withdrawals every year, not every month
– Taxes should be managed carefully while withdrawing
This makes income smoother and stress-free.
» Risk management and protection
– Ensure adequate health insurance continues beyond retirement
– Emergency fund should cover at least one year of expenses
– Keep nominee details and documentation updated
– Write a simple will to avoid family stress later
These steps protect your wealth, not just grow it.
» What to avoid at this stage
– Avoid chasing guaranteed-looking high return products
– Avoid stopping SIPs too early out of fear
– Avoid using retirement money for lifestyle upgrades
– Avoid mixing goals like children’s needs and retirement
Clarity is more important than complexity now.
» Time horizon summary
– Next 1 year: Car purchase planning and disciplined execution
– Next 3 to 5 years: Aggressive but sensible wealth building
– Post 62 years: Structured withdrawal with continued growth
– Long term: Retirement corpus should last your full lifetime
» Finally
– You are not late; you are actually in a strong position
– High income years are still ahead, which many people do not have
– With goal-based separation, discipline, and timely reviews, Rs.2 lakhs per month is achievable
– The key is planning early, staying invested, and withdrawing wisely
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: First of all, You need to make correction in your 10th marks sheet, based on your parents adhar card. There after you can get correct info of your parents on your 12th marks sheet. Of course, it may take some time & efforts, but I don't feel there is any alternate to this.
You are most welcome for further clarifications, if any. Thanks.

Ans: 01. Your question lacks some basic information, like Cost of Shop in 2024 etc. Besides, if she has other income then it would effect net tax payments.
02. You can definitely invest this amount (LTCG amount) in some Residential House or in Tax Saver Capital bonds, issued by NHAI etc. This investment would help you reduce your tax liability.
You are most welcome for further clarifications, if any. Thanks.

Ans: Sachin,
Order of Preference for ECE Branch: (1) DU Faculty of Technology (Delhi University) (2) IIIT Nagpur (3) IIIT Vadodara (4) IIIT Bhopal (5) IIIT Bhubaneswar (6) IIIT Una (UNQ) & (7) JNU Delhi. Along with building solid technical skills, consciously work on non?technical skills such as communication, teamwork, time management, and professionalism, because recruiters evaluate these very closely during internships and placements. As soon as you join college, create a strong LinkedIn profile with a clear headline, good summary, and details of your skills and projects, then stay active by posting your learning progress, sharing projects, and engaging with others’ posts. Keep expanding your network by connecting with seniors, alumni, faculty, and industry professionals, and use LinkedIn to follow companies, apply for internships, and stay updated about tech trends and opportunities. Over four years, this combination of disciplined academics, strong technical depth, and visible professional branding on LinkedIn will give you a clear edge in placements and off?campus opportunities. All the BEST for a Prosperous Future!

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Ans: Both are good. Yet you can prefer Chitkara for CSE for a more structured environment and consistent learning, which supports a strong long?term career. Along with building solid technical skills in programming, data structures, and problem?solving, consciously work on non?technical skills such as communication, teamwork, time management, and professionalism, because recruiters evaluate these very closely during internships and placements. As soon as you join college, create a strong LinkedIn profile with a clear headline, a good summary, and details of your skills and projects, then stay active by posting your learning progress, sharing projects, and engaging with others’ posts. Keep expanding your network by connecting with seniors, alumni, faculty, and industry professionals, and use LinkedIn to follow companies, apply for internships, and stay updated about tech trends and opportunities. Over four years, this combination of disciplined academics at Chitkara, strong technical depth, and visible professional branding on LinkedIn will give you a clear edge in placements and off?campus opportunities. All the BEST for a Prosperous Future!

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Ans: Hi
he can go with creative arts after 10th. and then can pursue course in VFX & animation during graduation

Ans: Hi
aapke career goals kya hai. kis field mey interest hai. wo saajha kijiye taaki main help kar saku

Ans: Hello
at this percentile, you won't qualify for JOSAA counselling.

Ans: Hello
can you tell how many marks he was scoring in mocks. because %ile system is totally different and depends upon number of students appearing and the topper.
if i can discuss with him then i can really help you with improvement in score.

You can DM me through insta handle CAREERSTREETS for further queries I will help you out.