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Samkit

Samkit Maniar  |44 Answers  |Ask -

Tax Expert - Answered on Feb 29, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Asked by Anonymous - Feb 27, 2024Hindi
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Hi ... i am 45 ... i have wife, one son (15) and ageing parents - so we are 5 in family. Our networth is 25 Cr. Is this enough for me to retire, i want to pursue spirituality, i am only 45. My son is good, he can earn something, but even he fails in his endeavours in future, is this 25 Cr going to be enough for this family ?

Ans: For this, need to understand the split of 25 Cr whether it is in properties or growing assets like mutual funds, bonds, debentures, equities etc.
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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Sanjeev Govila  |458 Answers  |Ask -

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Hi, I need advice on retirement - I am 43, Single, no kids, will never have any. I own a 2BKH in pune and there is no loan for it. My parents are on Maharashtra state pension of 45K per month. My total corpus is 4+ crore. Majority of the corpus is invested in Equity mutual funds. I have kept 20 Lakhs in Debt mutual funds for emergency. Some portion is in Liquid MF from which money gets STPed to equity mutual funds every month. Our total monthly expense, including that for my parents and their medical bills is 60K. My own monthly expense is not calculable - but roughly it can be 60K minus their pension which is = 25K. I have bought Health insurance for myself and a separate Accidental disability insurance for myself. I have also bought senior citizen health insurance cover of 15lakh for my parents. My current salary is 2+ lakhs per month(of which 1.5 lakhs go in equity MF SIP) I don't know how long I will live and if I should retire now?
Ans: Retirement doesn't look the same for everyone, and we all have different definitions of what's "enough" money you need to finally put to work in your rear-view mirror. But if you've accomplished the actions listed below, you're probably nearing the home stretch before your well-earned rest and relaxation

You have enough money to have the retirement you want. Figuring out how much money you need to have saved before you can quit working is a job in and of itself. Some say that you should save at least 10 times your annual salary by the time you're 67. Others point to the 4% rule, which states that you should be able to comfortably live off of about 4% of your investments in each year of retirement, thus allowing you to cover expenses for about 30 years.

You have a fund for unforeseen expenses. One of the biggest mistakes a retiree can make is not having an emergency fund. In retirement, a lot of your investments and sources of income are less liquid than cash, since you can't just go to your bank and withdraw cash from your account instantly when your money is invested in the market.

You have a diverse portfolio to protect your wealth. It's not a good idea to put all your eggs in one basket when it comes to creating sources of income for retirement. You mitigate risk by spreading your savings and investments across multiple streams of future income.

You have a plan to afford healthcare

Healthcare costs rise exponentially in retirement. Many people receive health insurance through their employers, but this benefit typically ends once the individual no longer works there.

"Retirement is not a destination, it's a journey. And like any journey, it's important to be prepared. That means being mentally as well as financially prepared."
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Shekhar Kumar  |17 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 14, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Eventhough you are ready to Grab the oppurtunity and behave in flexible manner When you are not working currwntly it becomes nightmare to join a job once again HR dept, Interview panel Sr Mgmt dont look for Solutions to their Requirements posted online whether it is Naukri or Indeed or Linkedin Getting selected but not finalising Putting Selected candidates on hold for 2 to 3 / Even 3 to 6 months shows worst economy In india especially post covid scenario Not able to recover in career to bring myself back on track after innumerable attempts Location constraints Language constraints Relavang exp / Relavant ind constraints Age constraints Slow Decision making from Corp Mgmt and BUSINESS HEAD / MD / CEO Facing rejection with cool attitude
Ans: Thank you for sharing it to me. It sounds like you're facing a challenging situation, and I understand how frustrating it can be to navigate the job market, especially in the current economic climate. Here are some insights and strategies to help you cope with these challenges:

Despite facing setbacks and rejections, it's essential to remain persistent and resilient in your job search. Keep applying to relevant positions, refining your resume and cover letter, and reach out your professionals network in your industry and consider broadening your job search criteria to include a wider range of industries, roles, and locations to help yourself. Invest your time in continuous learning and skill development to enhance your qualifications and make yourself more competitive in the job market by pursuing certifications, online courses, or workshops relevant to your field to stay updated with industry trends and requirements. Try to attend industry events, join professional associations, and leverage online networking platforms like LinkedIn to expand your professional network and access potential job leads. Despite the challenges you're facing, try to maintain a positive mindset and focus on the aspects of your job search that you can control. Keep practicing self-care, stay motivated, and celebrate small victories along the way to stay resilient in the face of adversity.

Always remember that setbacks and challenges are a natural part of the growth process, and it's essential to persevere and adapt your approach based on your experiences. Stay proactive, keep learning and searching better jobs, and trust that your efforts will eventually lead to success. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Leadership, HR Expert - Answered on Apr 14, 2024

Asked by Anonymous - Apr 13, 2024Hindi
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Sir, I am 27 year old. Single . Working in a psu as a manager. I hate my job. I am not that great at study. I really want to earn a lot of money, travel and retire at the age of 45-50. But I don’t know how ? Should I do mba ? At this age ? I am middle class ! UPSC ? Learn coding? Stop dreaming?
Ans: It's reasonable to feel dissatisfied with your current job and to aspire for more. Considering your age, career stage, and goals, here are some considerations and potential paths you could explore:

Pursuing an MBA can be a valuable option if you're seeking to advance your career, switch industries, or develop managerial and business skills. Many MBA programs welcome candidates from diverse backgrounds, including those with experience in public sector organizations. If you're interested in a career in civil services and have a passion for public administration, policy-making, and governance, preparing for the UPSC exam could be a viable option. Keep in mind that UPSC preparation requires dedication, perseverance, and thorough understanding of current affairs and the Indian administrative system. Learning coding and acquiring technical skills can open up opportunities in the rapidly growing field of technology as well. If you have innovative ideas and a strong desire to create your own path, entrepreneurship could be worth exploring. Starting your own business or venture allows you to pursue your passions, take control of your career, and potentially achieve financial independence. However, entrepreneurship also involves risks and uncertainties, so it's crucial to conduct thorough market research, develop a solid business plan, and be prepared for challenges along the way. Regardless of your career path, prioritizing financial planning and investments can help you work towards your goal of retiring early. Consider consulting with a financial advisor to create a personalized financial plan, explore investment opportunities, and establish a savings strategy that aligns with your income, expenses, and retirement goals. Finally, focus on personal development and self-discovery to clarify your values, interests, and priorities. Reflect on what truly motivates and fulfills you, and explore ways to incorporate those elements into your career and lifestyle choices.

Ultimately, there's no one-size-fits-all answer, and the best path for you will depend on your unique circumstances, strengths, and aspirations. Take the time to explore your options, gather information, and make informed decisions that align with your goals and aspirations. Remember that it's never too late to pursue your dreams and create the life you desire. Best of Luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Shekhar Kumar  |17 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 14, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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I have recently completed my Masters in Zoology; specialisation in Cell Biology & Cytogenetics. Also, I hold a degree of Bachelor in Science as well as Bachelor in Education. Right now, I'm in that stage of life where you see a lot of options in your career; though confused which one to pursue as in the developing scenario, I want something that gives good money as well as requires my knowledge. Need experts advice.
Ans: Given your educational background and specialization in Cell Biology & Cytogenetics, as well as your dual degree in Science and Education, you have a diverse range of career options to explore. Here are some potential career paths that align with your qualifications and interests:

You can pursue a career as a research scientist in academic institutions, government agencies, or private research organizations, work in the biotechnology industry in roles such as research associate, laboratory technician, or quality control specialist or work as a clinical laboratory scientist or medical technologist in hospitals, diagnostic laboratories, or healthcare facilities or work as genetic counselor to assess risk of inherited genetic disorders and provide information and support regarding genetic testing, diagnosis, and treatment options, or work as biology teacher, college lecturer, or educational consultant or work as a science writer or editor, writing articles, blogs, or educational materials on topics related to cell biology, genetics, and cytogenetics or work as a regulatory affairs specialist, ensuring compliance with regulatory requirements and guidelines for the development and approval of drugs, biologics, and medical devices.

Consider your interests, career goals, and desired work environment when exploring these options. You may also benefit from networking with professionals in your field, seeking informational interviews, or gaining hands-on experience through internships or volunteer opportunities to help you make an informed decision about your career path. Feel free to contact me on Rediff Gurus if you need further help or assistance.
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Shekhar Kumar  |17 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 14, 2024

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Hallo Sir, Myself Sanjay Agarwal. My daughter pursued her M.Sc. (physics) from Delhi University in 2010–11. But could not clear it and got back papers in two subjects. She joined the service as a teacher (TGT) in a reputed 10+2 school and, after that, got married. As she is also teaching the 11 and 12 standards (supposed to be taught by PGT) and the results of her students are extremely good, now she wants to complete her PG in Physics so that she may be allotted the class as PGT. Her school is also suggesting this to her, and they are ready to provide the necessary permissions for that. Please suggest that after 10–12 years of back papers in DU, is it possible to clear those back papers now? Or may you suggest alternatives so that she may complete her M.Sc. in Physics?
Ans: Thank you for getting in touch with me on Rediff Gurus. It's commendable that your daughter is considering furthering her education to advance her career. While clearing back papers after a significant gap may pose challenges, it's not impossible. She should reach out to the concerned department or administrative office at Delhi University to inquire about their policies and procedures for clearing back papers after a long gap. They can provide guidance on the possibility and process involved. If clearing the back papers is possible, she can start preparing for the exams by going through her study materials, seeking guidance from professors, and practicing past exam papers. She can also consider private universities and institutions as an alternative which are offering PG courses in Physics that may have more flexible admission and examination policies, if clearing back papers at Delhi University seems challenging. Kindly encourage your daughter to assess these options carefully, with determination and perseverance to achieve her educational and professional aspirations. Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Hii, I am BCA passout student in year 2021, and currently I am pursuing LLB degree so at that time I am still confused to choose a career, so plz tell me what are the pros and cons of both degree and which degree makes money earlier and great future provide to me
Ans: Thank you for getting in touch with me. Choosing between a Bachelor of Computer Applications (BCA) and a Bachelor of Laws (LLB) degree can be a significant decision that depends on various factors including your interests, skills, career goals, and personal preferences. Here are some pros and cons of both degrees to help you make an informed decision:

Pros of BCA: Lucrative Job Opportunities, High Demand and Competitive Salaries,
Cons of BCA: Rapid Technological Changes, Job Competition and Work-Life Balance
Pros of LLB: Prestigious Career, Diverse Practice Areas, Stable Income, Advocacy and Social Impact
Cons of LLB: Lengthy Education and Training, High Competition, Work-Life Balance

When considering which degree may provide better financial prospects and a great future, it's essential to weigh your interests, strengths, career goals, and personal preferences. Both BCA and LLB offer promising career paths with opportunities for growth, success, and fulfillment, but the right choice ultimately depends on your individual aspirations and aspirations. Additionally, exploring potential career paths, networking with professionals in each field, and mentors can help you make an informed decision that aligns with your long-term goals and aspirations. Good luck! Feel free to contact me on Rediff Gurus if you need further help or assistance.
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Shekhar Kumar  |17 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 13, 2024

Asked by Anonymous - Dec 29, 2023Hindi
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How to apply for internship in Rosell techsys pvt ltd
Ans: Happy to hear from you! To apply for an internship at Rosell Techsys, you can follow these instructions mentioned below:

First visit the official website of Rosell Techsys Pvt Ltd. You can also search for any internship openings on job portals as well such as Freshersworld, Shine, Indeed, Naukri.com or LinkedIn. Then look for internship opportunities that match your skills, interests, and career goals by paying attention to the job descriptions, requirements, and application deadlines mentioned on the website. Prepare your resume/CV highlighting your relevant skills, qualifications, academic achievements, and any previous internship or work experience and write a compelling cover letter expressing your interest in the internship position and explaining why you are a suitable candidate. You should customize your cover letter for each application to make it more personalized and impactful then submit your application through the company's official website or the job portal where the internship opening is posted. Please follow the application instructions carefully and ensure that you attach all required documents, such as your resume/CV and cover letter. After submitting your application, be patient and wait for a response from Rosell Techsys. If your application is shortlisted, you may be contacted for further rounds of interviews or assessments. Prepare for interviews by researching the company, understanding its products/services, and familiarizing yourself with the internship role and responsibilities. Be confident, articulate, and enthusiastic during the interview process. If you are selected for the internship, review the terms and conditions of the internship offer carefully, including the duration, stipend (if any), and expectations and respond to the offer promptly and confirm your acceptance of the internship position.

By following these instructions and presenting yourself as a qualified candidate, you can increase your chances of securing an internship opportunity at Rosell Techsys Pvt Ltd. Good luck! Feel free to contact me on Rediff Gurus if you need further guidance or assistance.
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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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