Hello ma'am I am 38 years old working woman. My problem is I struggle to get ansound sleep at night even I get very tired after my office job and house work most of the days i sleep at 2 a.m or 3 a.m as I have this problem even sometimes i sleep at 4 a.m also and since I a ateacher i have to get up at 6 a.m in the morning. Please help me in this regard. Anu Dubey

Ans: Hello;

Only way you can turnaround the situation is by diligently repaying overdue loans.

Once loans are over start a monthly sip of 20 K. This can grow into a corpus of around 50 L in 10 years and around 1 Cr in 15 years. (12% return from equity funds assumed).

Best wishes;

Ans: Hello;

Kudos for a judicious blend of asset allocation.

I have assumed one property occupied by you (80 L) while the other property is let out(80 L) and considering 3% rental yield may provide you a monthly income of 20 K.

You may buy immediate annuity for a sum of 1.45 Cr which may provide you a monthly income of around 65 K (post-tax). (6% annuity rate considered)

For the balance 5 Cr corpus you may do an SWP in a low to moderate risk equity savings fund like ICICI Pru equity savings fund. A 3% SWP will get you a monthly income of 1.12 L (post-tax).

So your total post-tax monthly income in retirement would be 1.12+0.2+0.65= 1.97 L.

A modest return of 8% on SWP fund will be good enough to provide inflation adjusted income every year till the age of 85.

Avoid direct equity and pure equity mutual fund exposure in retirement. Invest through hybrid mutual funds, with low allocation to equity.

Happy Investing;

Ans: Hi,If you have the opportunity to pursue an MD in Pharmacology, I highly recommend that you do so without hesitation. There are numerous opportunities for pharmacologists in the pharmaceutical industry. These companies are required to conduct clinical studies before marketing their drugs, making a background in pharmacology highly valuable. Therefore, pursuing an MD in Pharmacology can be a great decision for your career.

Ans: Hi Ayesha,

I have a few questions for you:

1. Are you a citizen of India?
2. Is the exam you mentioned the licensure exam? If so:
- Why do you want to take it in Pakistan?
- Why did you not complete the licensure exam in India?
- Are you planning to settle in Pakistan?

If the answer to the first question is yes, then taking the licensure exam in Pakistan raises some concerns. I suggest it would be better for you to complete your FMGE in India and then move to Pakistan.

Ans: Hi Manoj,

Greetings! I wanted to discuss why she is planning to pursue medicine in the UK. A bachelor's degree in medicine is a foundational course, so I suggest she complete her MBBS in India first. For her postgraduate studies, she can reconsider studying abroad. Additionally, if she wants to work in the UK after completing her course, she will need to take the exit or licensure exam. Therefore, it may be better for her to finish her medical education in India. This is just my suggestion.

Ans: Hi Nageswari,

I hope this message finds you well.

I wanted to inquire whether he has completed the FMGE in India. Without passing this exam, pursuing opportunities abroad may not be advisable. It is important for him to at least attempt the licensure exam and pass it. Without this qualification, seeking higher education will not be appropriate.

Additionally, I want to emphasize that completing a Master of Public Health (MPH) after studying medicine is often viewed as a step to gain entry into the U.S. healthcare system; however, it may not be as beneficial if he has not completed the licensure exam. If he intends to pursue higher education in medicine, he needs to finish the licensure exam in order to practice medicine effectively.

Therefore, it’s crucial that he focuses on completing the FMGE exam in India first

Ans: Assuming 5 lacs as interest from FD and 3.4 lacs of LTCG is earned in 1st Qtr, tax liability under new tax regime will come to Rs.24960

Please note that 50k standard deduction is for salary/pension income and 50k deduction of Sec 80TTB is not available for new tax regime.

You can also calculate the same using income tax calculator available at https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

Ans: Hello;

If you have a known illness of the heart unfortunately hardly any general insurance company will come forward to cover you despite other positives.

Because insurance works on probability and when they reckon that probability of claim, in future based on current information, may be high they refuse to underwrite such risks.

Since you are an employee of a public sector company, I suppose your employer may have some group mediclaim plan or coverage for the retirees as well.

Take that coverage even if you have to pay and undergo a waiting period.

Alternatively you may earmark some fixed sum 8-10 L as medical contingency fund for yourself.

For your spouse you should opt for a minimum 25 L healthcare cover from companies such as HDFC Ergo, ICICI Lombard, Bajaj Allianz, SBI General etc which do not entirely depend on healthcare insurance as the only business segment.

Best wishes;

Ans: Hello;

You will need a corpus of 8 Cr.

You may buy an immediate annuity from a life insurance company for your corpus which may yield you a monthly payout of 2.8 L(post tax).
A 6% annuity rate is considered. Some companies may offer higher annuity rates.

You may select option of joint annuity for life for yourself and your spouse with return of purchase price to your nominee.

Select a big life insurer with good solvency ratio and better credibility.

Best wishes;