I worked as an IT professional for almost 15 years and since last 6 months I left and at home.....I had in career break twice in between but was always went into depression when at home without working....I really affected my state of mind....Currently again I want to work and earn but same time I also feel I need to spend with my daughter who is in 8th grade ...But I need some career advice as how can I earn through some other medium or any other career where I earn as well as manage home with no regret of not earning

Ans: Prepare for Mains. U will get CS at good NIT

Ans: Hi
yes your bihar certificate will work

Ans: Hello Hemachandra
Can you please tell best university for which course you want to know.

Ans: Hi Puneet
Your son has an excellent percentile in JEE Mains, and his interest in Astrophysics is great for a research-oriented career.
There can be two ways either with B.Tech or B.S Course.
B.Tech in Engineering Physics / Electrical / Mechanical / Computer Science
Followed by an M.Sc. or Ph.D. in Astrophysics
Recommended if he also has an interest in technology, instrumentation, or computational astrophysics.

B.Sc. in Physics / Astrophysics
Followed by M.Sc. Physics / Astrophysics
Ph.D. in Astrophysics
Recommended if he is deeply interested in theoretical physics and cosmology.

IISc Bangalore – BS (Research) in Physics, followed by M.Sc./Ph.D.
IITs (IIT Bombay, IIT Kanpur, IIT Madras, IIT Delhi) – B.Tech in Engineering Physics / Physics
IISERs (Indian Institutes of Science Education and Research) – 5-year Integrated BS-MS in Physics
IIA (Indian Institute of Astrophysics, Bangalore) – Ph.D. programs in Astrophysics (after M.Sc.)
IUCAA (Inter-University Centre for Astronomy & Astrophysics, Pune) – Ph.D. in Astrophysics
TIFR (Tata Institute of Fundamental Research, Mumbai) – Integrated M.Sc.-Ph.D.

For abroad he needs to appear for SAT after 12th for UG courses & GRE for PG courses.


Scope & Career Opportunities in Astrophysics
Academia & Research: Professors, Scientists at ISRO, NASA, ESA, etc.
Observatories & Space Organizations: Working with telescopes and space missions.
Data Science & AI: Many astrophysicists work in AI, ML, and big data analytics.
Finance & Consulting: The analytical skills from physics are in demand in finance.

Ans: Hello;

Your current savings may suffice to meet higher education needs of your kid.

The current monthly expenses of 40 K will be 80 K in 12 years time considering 6% inflation.

You need a sip of 80 K per month so as to achieve a sum of around ~ 2.4 Crs in 12 years.

If you do an SWP at 4% from this sum, then you may expect monthly income of around 80 K.

Happy Investing;

Ans: Hello;

SWP in this case is absolutely ruled out because it won't work neither it is worth the risk.

You may repay home loan from the corpus to be received by your father and buy him lifetime annuity for the balance amount.(Will be much less then 30 K expected)

Else you may put entire sum received at retirement into an immediate annuity which at 6% may provide monthly income of 20 K. You and your brother may service the home loan.

You may migrate the loan to other lender with lesser rate of interest to reduce the burden.

Other option is to pay entire home loan from retirement corpus of your Dad. Then you may do reverse mortgage of the property owned by your father so that he gets monthly income.

But this option will relinquish your right to your father's home. Ofcourse you may buy from the lender later at the market rate.

Best wishes;

Ans: Hello;

I agree with the justification offered by Tata Capital.

However by the same yardstick they shouldn't have raised home loan rates immediately after RBI rate hike.

You may talk to their senior team and try to get some relief.

Complaining to RBI should be the last resort.

Best wishes;

Ans: Hello;

Direct equity investment in such choppy markets is a strict NO.

SIPs must be definitely ON with lumpsum at every big market fall.

Your time horizon, risk appetite and financial profile will decide type of fund to be invested into.

Happy Investing;
X: @mars_invest

Ans: Hi
yes you will be eligible for IITs