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Komal

Komal Jethmalani  |370 Answers  |Ask -

Dietician, Diabetes Expert - Answered on Jul 29, 2023

Komal Jethmalani is a practising dietician and nutritionist with over 26 years of experience.
She specialises in weight loss and diabetes management.
Jethmalani has completed her MSc in food and nutrition from SNDT University and trained at Jaslok Hospital.
She is a NDEP-certified diabetes educator.... more
MARLENE Question by MARLENE on Jul 23, 2023Hindi
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Health

My HB1AC is 8.4. How do I reduce it. I am regularly taking my diabetes medication

Ans: An HbA1c of 8.4 indicates uncontrolled diabetes. This can lead to a decreased quality of life due to complications. Lifestyle modifications including following a balanced low glycemic index diet along with exercise is needed for lowering a high HbA1c. Include complex carbohydrates such as brown rice, whole wheat, quinoa, oatmeal, fruits, vegetables, beans, and dals. Foods to avoid include simple carbohydrates, which are processed, such as sugar, pasta, white bread, flour, and cookies, pastries, and namkeens. Starchy or root vegetables should be eaten in moderation along with other fiber rich veggies.. Have salads with each meal to balance sugar levels. Exercise regularly.
DISCLAIMER: The answer provided by rediffGURUS is for informational and general awareness purposes only. It is not a substitute for professional medical diagnosis or treatment.
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Asked by Anonymous - Jun 14, 2024Hindi
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I am 42 year old, living with my family , my wife and 2 kids of 7 year and 1 year. Monthly salary around 80k..monthly exp 60k.but my job is not stable and safe..having a fund corpus of 70 lakh and I have no loan and EMI...PF bal is around 5 lakh.can we survive if I unemployed ?suddenly..what should I plan for future considering I m unemployed..
Ans: It’s commendable that you’ve built a significant corpus of Rs 70 lakh and have no loans. Let’s analyse your situation and provide a detailed strategy to address potential unemployment and secure your family’s future.

Current Financial Overview
Monthly Salary: Rs 80,000
Monthly Expenses: Rs 60,000
Fund Corpus: Rs 70 lakh
PF Balance: Rs 5 lakh
Family: Wife and 2 kids (aged 7 and 1)
Job Security: Unstable
Immediate Steps to Ensure Financial Security
Create an Emergency Fund
Set aside at least 24 months of living expenses (Rs 15 lakh) in a safe, liquid fund.
Invest in liquid mutual funds or high-yield savings accounts for easy access.
Review and Reduce Expenses
Identify non-essential expenses and reduce them to increase savings.
Prioritise education, healthcare, and basic living expenses for your family.
Health and Life Insurance
Ensure adequate health insurance coverage for the family. Aim for Rs 15–20 lakh of coverage.
Buy term insurance with coverage of at least 15–20 times your annual income.
Build a Contingency Plan
Identify alternative income sources like freelancing, part-time work, or consulting.
Update your skills to improve employability in case of job loss.
Strategies for Your Corpus
Secure Investments
Keep Rs 15–20 lakh in safe instruments like FDs, PPF, or short-term debt funds.
These provide stability and liquidity during uncertain times.
Long-term Growth
Allocate Rs 30 lakh to equity mutual funds for long-term growth.
Choose diversified funds like large-cap or balanced advantage funds.
Education Planning
Start SIPs in mutual funds for your children’s education.
Target a dedicated education corpus by aligning with your children’s future needs.
Retirement Planning
Consolidate and continue building your PF balance.
Invest in NPS or equity mutual funds to secure retirement.
Job Loss Scenario: Survival Plan
Use the emergency fund to manage living expenses.
Avoid withdrawing from long-term investments unless absolutely necessary.
Explore short-term gig opportunities or a part-time job to maintain cash flow.
Action Plan for the Future
Regularly monitor and rebalance your portfolio with a Certified Financial Planner.
Build an additional income stream like tutoring, consulting, or passive investments.
Keep updating skills relevant to your industry to enhance job security.
Final Insights
With your current corpus and careful planning, you can survive a potential job loss. Focus on safeguarding your family’s future by building an emergency fund, securing insurance, and investing systematically. Regular reviews with a Certified Financial Planner will help align your goals and ensure financial stability.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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