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40-Year Married Man in Bangalore Seeks Financial Advice: 2.1 Cr Flat Purchase with 1.5 Cr Loan - How to Manage?

Milind

Milind Vadjikar  |1153 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Jan 23, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Jan 23, 2025Hindi
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Money

Hi , I am 40 years married and have one child residing in Bangalore. I have 30 lakh in PPF , 32 lakh in PF and 15 Lakh in MF and around 40 Lakh in Shares. A flat in different city of value around 60 lakh I have two emi for total 67000 per month running for next 3 years. Rent is 35k per month. Income around 3 lakh per month. I am planning to buy flat , 2.1 cr taking loan 1.5 cr for 20 years. Remaining 60 lakh as personal financing for flat purchase with income for next 2 years. Please advise what I can do to manage my finance and build corpus for saving as well

Ans: Hello;

Your monthly expenses:
Current EMIs: 67000
New EMI: ~133000
Rent: 35000
Household expenses:~ 50000
Total monthly Expense: 285000
Total monthly Income:~ 300000

You have hardly any income left for investments.

If I would have been in your place, I would have settled earlier loans before venturing into a new home loan, using part of the savings.

Also I would have sold the flat in other city and used the sale proceeds towards down payment of new house purchase.

This will ensure that my current investments remain mostly untouched(except loan prepayment).

I get exemption from long term capital gain arising from sale of old flat since reinvested into new residence(As per provisions of ITax Act).

My EMI burden will be much lesser and I can invest aggressively in mutual funds and NPS for:
1. Kid higher education &
2. Retirement

This was my perspective.

You may have different approach but key is to ensure reasonable amount of debt so that you have disposable income left for investments towards
future goals.

Happy Investing;
X: @mars_invest
Asked on - Jan 23, 2025 | Answered on Jan 23, 2025
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Which of the below savings I should break for prepayment of loan - 20 lakh. MF , PF , PPF Can you please advise ?
Ans: Hello;

You should retain MF, PF and PPF.

Sell the direct stocks you own. Their is a reason why I am recommending you to do this, hope you get it.

Best wishes;
X: @mars_invest
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |8192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 27, 2024

Asked by Anonymous - Jun 26, 2024Hindi
Money
Hi Sir, I am 31 years old and having 15 months old kid, working in IT earning 1.75L in hand monthly. I brought a flat with 60L bank loan, paying emi of around 52k monthly. I am planning to complete that before 2030 by doing 50k monthly prepayment. I am supporting my parents by sending 20 k monthly. I have a term insurance of 1 cr. I need an advice on building Emergency fund (thinking of around 6 L, 2L saved so far in debt fund), retirement corpus of 12 cr at my 45 age, how can I plan for the taxation better. Kindly share your thoughts. Thanks in advance.
Ans: Building a robust financial plan is key to achieving your goals. Here’s a detailed approach:

Emergency Fund Planning
You aim to build an emergency fund of Rs. 6 lakh.

You’ve already saved Rs. 2 lakh in a debt fund.

Keep it up by setting aside an additional Rs. 4 lakh.

Prioritise this fund for unforeseen expenses like medical emergencies or job loss.

Save at least Rs. 20,000 monthly towards this goal.

In ten months, your emergency fund will be complete.

An emergency fund should cover at least six months of living expenses.

It’s good that you’re already working towards this.

Loan Prepayment Strategy
You have a 60L home loan with an EMI of Rs. 52k.

Planning to prepay Rs. 50k monthly is smart.

This will reduce your interest burden significantly.

Prepaying helps you save on interest and shorten the loan tenure.

By 2030, you can be debt-free, provided you stick to this plan.

Keep an eye on prepayment charges, if any, from your bank.

Reducing debt early gives you financial freedom faster.

Supporting Parents
Supporting your parents with Rs. 20k monthly is commendable.

This shows your sense of responsibility and family values.

Ensure this expense is factored into your budget consistently.

Consider discussing with your parents if they need any additional financial help.

This way, you can plan your finances better without compromising your goals.

Retirement Planning
You aim to build a retirement corpus of Rs. 12 crore by age 45.

Given your current age of 31, you have 14 years to achieve this.

Let’s break it down into a clear strategy:

1. Systematic Investment Plans (SIPs):

You should invest in diversified mutual funds.

SIPs are a disciplined way to invest regularly.

Choose equity mutual funds for higher returns over long periods.

Your current income allows you to invest aggressively.

Start with an amount you’re comfortable with and increase it annually.

2. Equity Mutual Funds:

Equity mutual funds have the potential for higher returns.

Actively managed funds are preferable over index funds.

Actively managed funds can outperform indices in volatile markets.

Certified Financial Planners (CFPs) can guide you on selecting the right funds.

3. Regular vs. Direct Funds:

Invest through regular funds with a certified mutual fund distributor.

Regular funds come with expert advice and periodic reviews.

Direct funds may seem cost-effective but lack professional guidance.

A CFP can help optimise your portfolio and provide timely adjustments.

4. Portfolio Diversification:

Diversify your investments across different asset classes.

Include equity, debt, and gold for a balanced portfolio.

This reduces risk and enhances returns over time.

Tax Planning
Effective tax planning can save you a significant amount.

Here are some strategies to consider:

1. Tax-Saving Investments:

Invest in tax-saving instruments under Section 80C.

Options include Equity-Linked Savings Schemes (ELSS), PPF, and NSC.

These investments can reduce your taxable income by up to Rs. 1.5 lakh annually.

2. Health Insurance:

Premiums paid for health insurance qualify for tax deductions under Section 80D.

You can claim up to Rs. 25,000 for yourself, spouse, and children.

Additionally, you can claim Rs. 50,000 for parents if they are senior citizens.

3. Home Loan Interest:

Interest paid on your home loan is eligible for tax deduction under Section 24(b).

You can claim up to Rs. 2 lakh annually.

Principal repayment qualifies for deduction under Section 80C.

4. National Pension System (NPS):

Investing in NPS provides an additional tax deduction of Rs. 50,000 under Section 80CCD(1B).

This is over and above the Rs. 1.5 lakh limit under Section 80C.

5. HRA and LTA:

If you’re living in a rented house, claim House Rent Allowance (HRA).

Leave Travel Allowance (LTA) can be claimed for travel expenses.

These exemptions reduce your taxable income significantly.

Insurance Coverage
You have a term insurance of Rs. 1 crore.

This is good, but review it periodically to ensure it meets your needs.

Consider increasing coverage as your responsibilities grow.

Life insurance is crucial for securing your family’s future.

Child’s Future
Your child is 15 months old now.

Start saving for their education and future needs early.

Consider investing in child-specific investment plans or mutual funds.

These investments can grow significantly over time.

Education costs are rising, so planning ahead is wise.

Final Insights
You have a clear goal and are on the right track.

Building an emergency fund is crucial, and you’re almost there.

Prepaying your loan is a smart move to reduce your debt faster.

Supporting your parents shows your strong family values.

Retirement planning requires disciplined investing in diversified mutual funds.

Tax planning can save you money and optimise your investments.

Review your insurance coverage regularly and plan for your child’s future early.

Keep monitoring and adjusting your financial plan as needed.

Consistency and discipline in saving and investing will help you achieve your goals.

Remember, consulting with a Certified Financial Planner can provide personalised advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 14, 2024

Asked by Anonymous - Jul 14, 2024Hindi
Money
I am 39 years old male and i am only person earning . I am married and my wife is also looking for work and we have 2 kids . I do have many parents dependent on me. My annual income 30 lac and I have two personal loans with emi of 28000 and 47000 as well four credit card with a liability of 5lac. We are currently have 2 bhk flat and a plot in bangalore . I do have investments in kotak mutual funds and lic mutual funds around 50 lac. My concern i want to come out of the debt and create corpus fund . Plan for my retirement at 60
Ans: First, let's understand your current financial landscape. You are 39, the sole earner in your family. Your wife is searching for a job. You have two children and multiple dependents. Your annual income is Rs. 30 lakhs. You own a 2 BHK flat and a plot in Bangalore. You have investments in Kotak and LIC mutual funds, totaling around Rs. 50 lakhs.

Your monthly EMIs are significant, with Rs. 28,000 and Rs. 47,000 for personal loans. Additionally, you have a credit card liability of Rs. 5 lakhs. Your primary concern is to manage and eliminate your debts while creating a corpus for retirement and other financial goals.

Tackling High-Interest Debt
Your first priority should be to address high-interest debts, especially credit card debt. These can quickly escalate and create financial strain.

Debt Consolidation: Consider consolidating your credit card debts. This can help you get a lower interest rate, reducing the overall cost of your debt.

Prioritize Payments: Focus on paying off the highest interest debt first. This will save you money in the long run.

Limit Credit Card Usage: Try to avoid using credit cards unless absolutely necessary. Pay off the balance in full each month to avoid interest charges.

Managing Personal Loans
Your personal loan EMIs are quite substantial. To ease this burden:

Refinance Loans: Look into refinancing options to get a lower interest rate. This can reduce your monthly EMIs.

Prepayment: If possible, use any surplus income or bonuses to make prepayments. This will reduce the principal amount and the interest burden.

Loan Tenure Adjustment: Extending the loan tenure can reduce the monthly EMI, although it may increase the overall interest paid.

Building a Robust Emergency Fund
An emergency fund is crucial to avoid falling into debt during unforeseen circumstances. Aim to build an emergency fund that covers 6-12 months of living expenses.

Automate Savings: Set up an automatic transfer to a high-interest savings account every month. This ensures consistency in building your emergency fund.

Accessible but Separate: Keep this fund in a separate account from your regular savings to avoid the temptation to dip into it.

Investment Strategy Review
You have significant investments in mutual funds. Let's refine your strategy to ensure it aligns with your goals.

Evaluate Mutual Funds: Review the performance of your Kotak and LIC mutual funds. Ensure they align with your risk tolerance and financial goals.

Diversification: Diversify your investments across different asset classes to mitigate risk. This could include equity, debt, and gold.

Professional Advice: Regularly consult with a Certified Financial Planner to review and adjust your investment strategy as needed.

Retirement Planning
With the aim to retire at 60, you need a well-structured plan.

Calculate Corpus Required: Estimate the amount you need for retirement considering inflation and lifestyle.

Regular Investments: Continue investing regularly in mutual funds. Use a mix of equity and debt to balance growth and stability.

Increase Contributions: As your income grows or debts reduce, increase your contributions towards retirement savings.

Planning for Children's Future
Your children’s education and future expenses need strategic planning.

Education Fund: Start a dedicated education fund for your children. Use child-specific mutual funds or fixed deposits to ensure growth and safety.

Regular Contributions: Allocate a specific amount monthly towards this fund. The earlier you start, the larger the corpus will be due to compounding.

Managing Dependents
Supporting multiple dependents can be challenging. Ensure their financial security without compromising your own goals.

Health Insurance: Ensure all dependents are covered under a comprehensive health insurance policy. This reduces the risk of out-of-pocket medical expenses.

Budgeting: Create a strict budget to manage monthly expenses efficiently. Identify areas where you can cut costs without affecting the quality of life.

Creating Additional Income Streams
Explore ways to increase your income to ease financial stress and meet goals faster.

Wife’s Employment: Support your wife in her job search. Her income can significantly contribute to household finances.

Side Gigs: Consider freelance or part-time work. Leveraging your skills can create additional income streams.

Long-term Investment Approach
For a sustainable financial future, adopt a long-term investment approach.

SIP (Systematic Investment Plan): Continue investing in SIPs for mutual funds. This ensures disciplined investment and benefits from rupee cost averaging.

Review and Rebalance: Periodically review your portfolio. Rebalance it based on performance and changing financial goals.

Avoiding Common Pitfalls
Emotional Investing: Avoid making investment decisions based on market emotions. Stick to your plan and consult your Certified Financial Planner.

High-risk Investments: Stay away from high-risk, high-reward schemes. They can jeopardize your financial stability.

Benefits of Regular Funds
While considering investments, understand the benefits of regular funds over direct funds.

Expert Guidance: Investing through a Mutual Fund Distributor (MFD) with CFP credentials provides professional guidance.

Continuous Support: Regular funds come with advisory support for portfolio management, which can be crucial for making informed decisions.

Long-term Relationship: Building a relationship with a certified planner ensures personalized advice aligned with your changing financial goals.

Final Insights
Your financial journey requires a strategic approach to manage debt and build wealth. Address high-interest debts first and focus on creating an emergency fund. Regularly review and diversify investments with professional guidance. Plan meticulously for retirement and children's future while managing dependents efficiently. Explore additional income streams to ease financial burden. Stick to a long-term investment strategy and avoid common pitfalls. Embrace the benefits of regular funds for professional advice and continuous support.

By following these steps, you can achieve financial stability and meet your goals. Always consult a Certified Financial Planner for personalized advice and stay committed to your financial plan.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |8192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 31, 2024

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I am 36 yr old female serving in govt service from last 8 years. Current in hand salary is around 86000. I have 44000 loan payment due for next 9 years. I am saving in NPS as per govt rules of deductions. Can u suggest how I can build good corpus for family as I am the only earning member with 2 young boys ageing 5 and 1n half. I started saving 15000 in MF sip from last 2 months. How much corpus will be required. I have my own house in Delhi and 1 small flat in Gurgaon. How can grow all this in this future planning and investments.. I want to. Buy a big flat in Gurgaon but right now I don't have savings. Plz suggest how can I make it possible.
Ans: Current Financial Status
Age: 36 years
Occupation: Government service (8 years)
Monthly Salary: Rs 86,000 (in-hand)
Monthly Loan Payment: Rs 44,000 (for next 9 years)
Savings in NPS: Mandatory government deductions
Mutual Fund SIP: Rs 15,000 (started 2 months ago)
Real Estate: Own house in Delhi and a small flat in Gurgaon
Family: Single earner with two young boys (ages 5 and 1.5 years)
You have a stable job and a clear focus on future planning. Your current investments and real estate assets are good starting points.

Assessing Your Goals
Goal 1: Build a Good Corpus for Family
Time Frame: Long-term (15-20 years)
Primary Need: Financial security for your children’s future
Action: Systematic and disciplined investment in mutual funds and NPS
Goal 2: Buy a Bigger Flat in Gurgaon
Time Frame: Medium-term (5-10 years)
Primary Need: Larger living space in a desirable location
Action: Save aggressively for down payment and plan for a home loan
Recommendations for Investment Strategy
Increase SIP Contributions
Current SIP: Rs 15,000 per month
Suggested Action: Gradually increase SIP contributions as income grows
Fund Selection: Focus on diversified equity mutual funds for long-term growth
Utilise NPS Benefits
Current Savings: NPS as per government rules
Action: Consider making additional voluntary contributions to NPS for higher corpus and tax benefits
Emergency Fund
Importance: Essential for unexpected expenses
Action: Build an emergency fund covering 6-12 months of expenses
Placement: Keep this in liquid funds or a high-interest savings account
Insurance Review
Life Insurance: Ensure adequate coverage for family’s security
Health Insurance: Adequate health coverage for yourself and children
Loan Management
Current Loan: Rs 44,000 per month for 9 years
Action: Continue regular payments; consider prepaying if possible to reduce interest burden
Steps to Achieve a Bigger Flat in Gurgaon
Save for Down Payment
Time Frame: 5-10 years
Action: Allocate a portion of savings specifically for down payment
Investment: Consider short-term debt funds for safety and modest returns
Plan for Home Loan
Preparation: Ensure good credit score and stable financial profile
Loan Tenure: Choose a tenure that keeps EMI affordable within your budget
Increase Savings Rate
Current Savings: Rs 15,000 in SIPs
Suggested Action: Aim to save at least 20% of your income for goals
Building a Retirement Corpus
Set Clear Goals
Target Retirement Age: Determine when you plan to retire
Required Corpus: Estimate the amount needed to sustain your lifestyle post-retirement
Regular Contributions
Increase SIPs: Aim to increase your SIP contributions annually
Consistent Savings: Ensure regular and disciplined savings for long-term growth
Automatic Investments: Set up automatic transfers to investment accounts
Final Insights
You have a solid foundation with a stable job and clear goals. Increase your SIPs, make additional contributions to NPS, and build an emergency fund. Save aggressively for the down payment of a bigger flat and manage your loan efficiently. Regularly review your financial situation and consult a certified financial planner.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Milind

Milind Vadjikar  |1153 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Jan 23, 2025

Asked by Anonymous - Jan 23, 2025Hindi
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Hi , I am 40 years married and have one child residing in Bangalore. I have 30 lakh in PPF , 32 lakh in PF and 15 Lakh in MF and around 40 Lakh in Shares. A flat in different city of value around 60 lakh I have two emi for total 67000 per month running for next 3 years. Rent is 35k per month. Income around 3 lakh per month. I am planning to buy flat , 2.1 cr taking loan 1.5 cr for 20 years. Remaining 60 lakh as personal financing for flat purchase with income for next 2 years. Please advise what I can do to manage my finance and build corpus for saving as well
Ans: Hello;

Your monthly expenses:
Current EMIs: 67000
New EMI: ~133000
Rent: 35000
Household expenses:~ 50000
Total monthly Expense: 285000
Total monthly Income:~ 300000

You have hardly any income left for investments.

If I would have been in your place, I would have settled earlier loans before venturing into a new home loan, using part of the savings.

Also I would have sold the flat in other city and used the sale proceeds towards down payment of new house purchase.

This will ensure that my current investments remain mostly untouched(except loan prepayment).

I get exemption from long term capital gain arising from sale of old flat since reinvested into new residence(As per provisions of ITax Act).

My EMI burden will be much lesser and I can invest aggressively in mutual funds and NPS for:
1. Kid higher education &
2. Retirement

This was my perspective.

You may have different approach but key is to ensure reasonable amount of debt so that you have disposable income left for investments towards
future goals.

Happy Investing;
X: @mars_invest

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8192 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 05, 2025

Money
I am 49 yrs and monthly expense is 165000. no other liabilities of children's and parents. Only expense of myself and wife and if want to retire in next 1 year what corpus would be needed for next 25 yrs considering inflation. we have adequate Mediclaim policy of 75 lakhs.
Ans: You are 49 now, with monthly expenses of Rs. 1.65 lakh. You have no children's or parents' liabilities. You plan to retire in one year. Also, you and your wife are well-covered by a Rs. 75 lakh Mediclaim policy.

That’s a strong and admirable starting point. Let us now assess your retirement readiness. We will consider inflation, lifestyle, and long-term wealth management.

Let us start with the key areas you must evaluate before retirement.

Monthly Expenses and Lifestyle Assessment
Your current monthly expenses are Rs. 1,65,000. That is Rs. 19.8 lakh a year.

This includes only you and your wife. That simplifies planning.

It seems your lifestyle is stable and well-managed.

As inflation rises, your expenses will rise each year.

With average inflation of 6%, costs double in 12 years.

So, your Rs. 1.65 lakh today can become about Rs. 3.3 lakh per month in 12 years.

You must plan for these higher costs in future years.

Retirement corpus should grow steadily and beat inflation.

That way, your wealth can support you for 25+ years.

Evaluating Retirement Duration
You are retiring at 50. We will plan till 75 years.

But people are living longer now. Life expectancy is increasing.

So, it is better to plan till 85 or 90 years.

That means your money must last for 35 to 40 years.

But your question is for 25 years. Let us assess for 25 first.

Later, we will share how to stretch this for longer, if needed.

How Much Corpus Is Needed?
You will need income for 300 months (25 years × 12 months).

Each year, expenses will rise due to inflation.

So, in early years you may spend less.

But in later years, your expenses will be much more.

Your corpus must grow and give monthly income.

At the same time, the principal must not fall quickly.

A safe starting estimate: You will need around Rs. 8 to 10 crores.

This is to cover 25 years with rising expenses.

This estimate assumes post-retirement returns of 10% to 11%.

It also assumes inflation at 6% per year.

The more return your investments earn, the less corpus you need.

The less return, the more corpus you need.

Corpus must be invested smartly to earn and grow.

We will now see how to manage this corpus efficiently.

Key Factors That Affect Your Retirement Plan
Inflation: Your biggest hidden enemy. It silently eats wealth.

Longevity: If you live longer, you need more money.

Medical Expenses: You have good Mediclaim cover. That is great.

Unexpected Costs: Home repair, travel, or emergencies may arise.

Return on Investments: You must beat inflation every year.

Tax Efficiency: Returns must be tax-optimized.

Withdrawal Plan: Monthly withdrawal must be well structured.

Ideal Investment Strategy for Retirement
Your goal is simple: monthly income of Rs. 1.65 lakh, rising with inflation.

At the same time, principal must stay intact or reduce slowly.

Here is the strategy:

Invest the full retirement corpus in mutual funds.

Choose a mix of equity and hybrid funds.

Start with a 60:40 ratio. 60% equity, 40% debt/hybrid.

This gives growth and stability.

Every year, rebalance the portfolio.

If equity grows fast, shift some to hybrid for safety.

Use Systematic Withdrawal Plan (SWP) for monthly income.

Withdraw only what you need. Let the rest grow.

Avoid fixed deposits for full corpus. They do not beat inflation.

Keep only 6 to 9 months of expenses in FDs or liquid funds.

That acts as an emergency buffer.

You should invest through a Certified Financial Planner.

A CFP will help you create a strong plan.

They can also handle taxes, rebalancing, and fund review.

Why You Should Avoid Index Funds
Index funds follow the market blindly.

They invest in every stock, good or bad.

No fund manager takes active decisions.

During market fall, they fall fully.

They cannot protect your money in crisis.

They do not outperform consistently.

In retirement, you cannot afford sudden deep losses.

You need actively managed funds.

These funds are managed by experts.

They aim to protect during fall and grow during rise.

That is safer for long-term retired life.

Why You Should Avoid Annuities
Annuities give fixed income for life.

But they are not inflation protected.

If you get Rs. 1 lakh today, it stays Rs. 1 lakh forever.

After 10 years, that has much less value.

They also offer very low returns.

Most annuities lock your money permanently.

There is little flexibility and no liquidity.

You cannot exit midway if your needs change.

That is not ideal for someone in your situation.

You need a growing income, not fixed.

SWP from mutual funds is better than annuities.

Why You Should Avoid Real Estate
Real estate needs large one-time investment.

It has poor liquidity. You cannot sell fast.

Maintenance cost is high.

Rental income is often low and irregular.

Property disputes are common.

In retirement, you need easy-to-manage assets.

Real estate is not ideal for retirees.

Tax Planning for Retirement
SWP from equity mutual funds is taxed.

Long-term capital gains (LTCG) above Rs. 1.25 lakh yearly are taxed at 12.5%.

Short-term capital gains are taxed at 20%.

Debt fund withdrawals are taxed as per your tax slab.

With right planning, you can reduce tax.

You can stagger withdrawals to stay under limit.

Keep long-term view for most equity funds.

Let them grow for at least 3 to 5 years before major withdrawals.

A Certified Financial Planner will guide your tax planning.

Annual Review of Retirement Plan
Every year, review your expenses.

Match your SWP amount with your needs.

If inflation rises faster, adjust SWP upward.

Rebalance portfolio to maintain equity and debt mix.

Track returns of each fund regularly.

Remove underperformers after 2-3 years.

Add new funds with good consistency.

Review Mediclaim and emergency fund each year.

Make a will or estate plan.

Ensure all documents are updated and in order.

Other Key Tips for Retired Life
Don’t give large loans to friends or relatives.

Avoid co-signing loans for anyone.

Keep your lifestyle simple and meaningful.

Spend more on health and wellness.

Invest time in hobbies and charity.

Keep your money safe from online fraud.

Don’t chase high return risky investments.

Always discuss big financial decisions with your wife.

If needed, involve your Certified Financial Planner for support.

What If You Live Beyond 25 Years?
Your current plan is for 25 years.

But you may live till 85 or 90.

So your corpus must grow even after withdrawals.

Let at least 40% of your corpus stay in equity.

Equity gives long-term inflation beating returns.

If your corpus allows, reduce SWP amount after 75.

Or maintain same SWP, but reduce expenses.

This will help your corpus last longer.

Review the corpus regularly post 75 years of age.

Final Insights
You are well prepared for retirement at 50.

Rs. 1.65 lakh monthly expenses are realistic.

But inflation must be planned seriously.

You will need about Rs. 8 to 10 crore corpus.

Invest in equity and hybrid mutual funds.

Use SWP for monthly income.

Avoid index funds, annuities, and real estate.

Keep liquidity for emergencies.

Review portfolio and expenses yearly.

Involve a Certified Financial Planner for full planning support.

Your focus now should be wealth preservation and moderate growth.

This is a golden phase of life. Plan it smartly.

You deserve peace, dignity, and freedom in retirement.

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

...Read more

Mayank

Mayank Chandel  |2176 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 05, 2025

Asked by Anonymous - Apr 04, 2025Hindi
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Career
Hlo. Sir. Maine apna neet exam. 2024 mai diya tha. Sirf. 6 month hi preparation krke. I score well but negative marking ki wajah se. Mere mask kam hogye and maine vapis. 205 ke liye preparation Krna strt kiya ha. Without any coaching self study muje assa lg rha ha ki iss baat bhi nhi hoga. Stress ki wajah se overthinking ki wajah se mere kuch din bhut khrab hogya ha. Prr mere parents ne decide ki ha ki offline coaching krwagye. Kya muje 3 attempt ki. Jna chaiiye muje doctor hi bnna ha muje aur kuch nhi Krna ha mai bhut ache se pdh sakte hu bss ye ha ki 3 attempt dena worth it ha kya
Ans: Hello,
pehle toh main yeh kehna chahta hoon ki tumne sirf 6 mahine ki tayyari mein NEET jaise tough exam ko dene ki himmat ki — yeh kaafi badi baat hai. Tumhare andar definitely potential hai. NEET jaise exam mein negative marking sabko affect karti hai, especially jab preparation time kam ho.

Ab baat karte hain tumhare doubt par:
Kya 3rd attempt dena worth hai?
Tumhara answer tumne khud hi de diya:

"Mujhe doctor hi banna hai, mujhe aur kuch nahi karna."

Jab goal clear ho, toh answer bhi clear hota hai:
Agar doctor banna tumhara sapna hai aur tumhara belief hai ki tum mehnat kar sakte ho, toh 3rd attempt definitely worth it hai, lekin is baar smart aur structured preparation ke saath.

Offline coaching-jaise tumhare parents keh rahe hain
Agar ghar par overthinking, distractions, aur stress zyada ho raha hai, toh offline coaching environment tumhe discipline aur direction de sakta hai.
Daily study routine, regular tests, competition ka mahol — yeh sab tumhare liye helpful ho sakte hain.

Agar tumhara belief strong hai, toh koi bhi attempt waste nahi hota.
Bahut saare doctors ne 3rd, even 4th attempt me crack kiya hai. Tumhara vision clear hai, ab bas execution me discipline aur patience chahiye.

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