Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Ramalingam

Ramalingam Kalirajan  |7012 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 07, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 24, 2024Hindi
Listen
Money

Hi I am 47 years old. Married but no kids . Me and my wife combined annual income is 70 lacs . We have our own house in gurgaon whose current value is aprox 6 cr . We dont have any kind of loan on us . Currently our savings are as follows 1.65 cr invested in lic jeevan shanti and jeevan akshay from which Currently we are earning 8 lacs / year and by 2028 it will increase to 14 lacs / year till whole life . We have invested in hdfc sanchay plus also , from their we will get 16 lacs / anum starting from 2029 till next 25 years . Joint Ppf corpus is currently 80 lacs , will continue to invest 3 lacs / year for next 15 years My wifes epf vpf current corpus is aprox 20 lacs , currently she is contributing 2.5 lacs / year in that and will continue to do so till next 10 years Emergency fund of 20 lacs in form of auto sweep fd in saving account Equity investment currently Nps tier 2 ( 100 % equity - 55lacs ) Miare asset small cap etf - 5 lacs Nippon nifty bees etf - 5 lacs Planning to invest 30 lacs / year for next 5- 7 years in above equity options . Our current yearly expenses are neary 18 / 20 lacs We have medical insurance cover of 30 lacs And a term insurance of 1.5 cr and 1 cr respectively Pls suggest that are we on right track for a comfortable retirement at around 55 years Considering life expectency of 80 years and inflation. What should be our SWP and from which investments ( as mentioned above ) and how much this withdrawal can be increased per year to adjust the inflation and maintain our current lifestyle. Also i would like to know that whether shifting all the corpus from tier 2 to tier 1 at the age of 59 will be a wise decision in my case as 60 % withdrawal at age 60 from tier 1 will be tax free which can be withdrawn thru swp . Balance 40 corpus amount will generate annuity which only will be taxable.

Ans: It's evident that you've made significant strides towards securing a comfortable retirement, but let's delve deeper into your current financial position and future plans:
• Income and Assets: With a combined annual income of 70 lakhs and significant assets, including your house in Gurgaon and various investments, you're well-positioned for retirement.
• Investment Portfolio: Your investment portfolio appears diversified, with allocations to LIC policies, HDFC Sanchay Plus, PPF, EPF/VPF, equity investments, and plans for further equity investments.
• Retirement Planning: Based on your current savings, income, and investments, along with your planned contributions and expected returns, it seems you're on track for a comfortable retirement.
• SWP and Inflation Adjustments: To determine your SWP (Systematic Withdrawal Plan), consider factors such as your estimated lifespan, expected returns on investments, inflation rate, and desired annual income. Adjust your withdrawals annually to account for inflation and ensure your lifestyle is maintained.
• NPS Tier 2 to Tier 1 Transfer: Shifting your corpus from NPS Tier 2 to Tier 1 at age 59 could be beneficial, considering the tax benefits associated with withdrawals from Tier 1 after age 60. Assess the tax implications and consult with a financial advisor to make an informed decision.
• Insurance and Emergency Fund: Your medical insurance cover and term insurance policies provide essential protection. Ensure these coverages are periodically reviewed and adjusted as needed.
• Consult a Financial Advisor: Given the complexity of retirement planning and tax implications, consider consulting a Certified Financial Planner to optimize your retirement strategy, tax planning, and SWP calculations.
Overall, it appears that you've taken proactive steps towards a secure retirement. With careful monitoring, periodic adjustments, and professional guidance, you can continue on the path to achieving your retirement goals and maintaining your desired lifestyle.
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.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |7012 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Asked by Anonymous - Apr 23, 2024Hindi
Listen
Money
Hi I am 47 years old. Married but no kids . Me and my wife combined annual income is 70 lacs . We have our own house in gurgaon whose current value is aprox 6 cr . We dont have any kind of loan on us . Currently our savings are as follows 1.65 cr invested in lic jeevan shanti and jeevan akshay from which Currently we are earning 8 lacs / year and by 2028 it will increase to 14 lacs / year till whole life . We have invested in hdfc sanchay plus also , from their we will get 16 lacs / anum starting from 2029 till next 25 years . Joint Ppf corpus is currently 80 lacs , will continue to invest 3 lacs / year for next 15 years My wifes epf vpf current corpus is aprox 20 lacs , currently she is contributing 2.5 lacs / year in that and will continue to do so till next 10 years Emergency fund of 20 lacs in form of auto sweep fd in saving account Equity investment currently Nps tier 2 ( 100 % equity - 55lacs ) Miare asset small cap etf - 5 lacs Nippon nifty bees etf - 5 lacs Planning to invest 30 lacs / year for next 5- 7 years in above equity options . Our current yearly expenses are neary 18 / 20 lacs We have medical insurance cover of 30 lacs And a term insurance of 1.5 cr and 1 cr respectively Pls suggest that are we on right track for a comfortable retirement at around 55 years Considering life expectency of 80 years and inflation. What should be our SWP and from which investments ( as mentioned above ) and how much this withdrawal can be increased per year to adjust the inflation and maintain our current lifestyle. Also i would like to know that whether shifting all the corpus from tier 2 to tier 1 at the age of 59 will be a wise decision in my case as 60 % withdrawal at age 60 from tier 1 will be tax free which can be withdrawn thru swp . Balance 40 corpus amount will generate annuity which only will be taxable.
Ans: Comprehensive Retirement Planning Assessment

Analyzing Retirement Preparedness and Strategy

Your meticulous approach towards retirement planning is evident, with a diversified portfolio and a clear vision for the future. Let's delve into each aspect to ensure a comfortable retirement at around 55 years, considering life expectancy and inflation.

Assessing Current Financial Position

Your combined annual income of 70 lakhs, along with substantial investments and assets, positions you well for retirement. The absence of loans and a sizable emergency fund further strengthens your financial resilience.

Evaluating Investment Portfolio

Your investment portfolio comprises a mix of traditional and market-linked instruments, providing a balance between stability and growth potential. Additionally, your equity investments and continued contributions to PPF demonstrate a long-term wealth accumulation strategy.

Benefits of Regular Funds Investing through MFD with CFP Credential

Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) credential offers personalized guidance and comprehensive financial planning. An MFD can assist in optimizing your investment strategy and ensuring alignment with your retirement goals.

Disadvantages of Direct Funds

Direct funds require investors to conduct their own research and make investment decisions independently, which may not be suitable for all investors. Utilizing the expertise of an MFD with a CFP credential can help navigate market complexities and optimize returns.

SWP Strategy for Retirement Income

To ensure a comfortable retirement, calculate your desired annual expenses adjusted for inflation and determine the Sustainable Withdrawal Rate (SWR) from your investment corpus. Regularly review your portfolio performance and adjust SWP amounts accordingly.

Mitigating Tax Implications on Tier 1 Withdrawals

Shifting corpus from NPS Tier 2 to Tier 1 at age 59 can be a prudent decision, considering the tax benefits associated with Tier 1 withdrawals. Withdrawals up to 60% at age 60 are tax-free, while the remaining amount can generate taxable annuities.

Planning for Future Expenses and Contingencies

Anticipate future expenses such as healthcare costs and lifestyle enhancements in retirement planning. Ensure adequate medical insurance coverage and periodically reassess your insurance needs to mitigate unforeseen risks.

Conclusion

Your comprehensive retirement planning approach, coupled with disciplined savings and investments, positions you well for a comfortable retirement at around 55 years. Continuously monitor your portfolio performance, reassess your financial goals, and seek guidance from a Certified Financial Planner (CFP) to navigate evolving financial landscapes effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7012 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 15, 2024

Money
Dear Mr.Arora I am 43yrs old with one son at 8. Wife is working with 13LPA ( may work only for next 5 yrs). We are in Hyderabad. Myself employed with 25LPA. We both have term Insurance of 2 & 1Cr resp. I have one flat of 0.7Cr and recently procured 1.5Cr flat and small piece of lant in village. Paying Ulip-SIP last 5yrs for 25Kpm & still to pay for 10yrs. My total passive income is 30Kpm. House Exp 70K & EMI 60Kpm. Family tour 0.5L/Yr . Presently i have 5L on MF/Equity & FD is 25L. I want to invest 50L each in MF & Shares , boost FD from 25 to 100L in next 12-15 yrs & 1Kg GOLD ( No fixed time period), Emergency liquid cash of 15-20L at the time of retirement. I m planning financial retirement at 55. Pls suggest your opinion to adopt best possible way of saving & investment. Thank you
Ans: Dear Mr. Arora,

Thank you for sharing the details of your financial situation. Your current setup reflects a solid foundation with both you and your wife earning well, alongside having substantial assets and insurance coverage. Your long-term goals and aspirations indicate a keen interest in securing a stable and prosperous future for your family. I understand the importance of making informed and strategic financial decisions, especially when planning for an early retirement. Let's dive into a detailed analysis and recommendations tailored to your needs.

Income and Expenses Analysis
Income:

Your combined annual income stands at Rs 38 LPA (Rs 25 LPA for you and Rs 13 LPA for your wife).

Passive income is Rs 30,000 per month.

Expenses:

Monthly household expenses are Rs 70,000.

EMI payments for the newly procured flat amount to Rs 60,000 per month.

Annual family tour expenses are Rs 50,000.

This analysis indicates a strong cash flow with significant income and manageable expenses. The goal is to optimize your investments and savings to meet your future goals.

Insurance and Protection
You have term insurance of Rs 2 crore for yourself and Rs 1 crore for your wife. This is a prudent measure ensuring financial protection for your family in case of any unforeseen events. It's crucial to review your coverage periodically to ensure it aligns with your current financial responsibilities and liabilities.

Asset Allocation
Current Assets:

Flat worth Rs 70 lakh.

New flat worth Rs 1.5 crore.

Small piece of land in the village.

Investments:

ULIP-SIP of Rs 25,000 per month, with 10 years remaining.

Mutual funds/equity investments of Rs 5 lakh.

Fixed deposits of Rs 25 lakh.

Passive income of Rs 30,000 per month.

You have a diversified asset base, including real estate, ULIPs, mutual funds, equity, and fixed deposits. However, for better returns and liquidity, focusing on mutual funds and equities over the long term can be more beneficial.

Goals and Objectives
Your financial goals include:

Investing Rs 50 lakh each in mutual funds and shares.

Increasing your fixed deposits from Rs 25 lakh to Rs 1 crore over the next 12-15 years.

Acquiring 1 kg of gold.

Maintaining emergency liquid cash of Rs 15-20 lakh at retirement.

Planning for financial retirement at 55.

Investment Strategies
Mutual Funds and Equities
Investing Rs 50 lakh each in mutual funds and equities is a sound strategy for wealth accumulation. Here are some recommendations:

Diversified Equity Funds: Actively managed funds can outperform index funds by leveraging market opportunities. Investing through a Certified Financial Planner (CFP) ensures professional management and alignment with your risk profile.

Blue-chip Stocks: Investing in shares of well-established companies with a history of stable returns and growth potential.

Sector Funds: Allocating a portion to sectors expected to grow, such as technology or healthcare, can yield higher returns.

Fixed Deposits
Increasing your fixed deposits to Rs 1 crore over the next 12-15 years ensures stability and security. Consider the following:

Laddering Strategy: Staggering your fixed deposit investments over different maturities to manage interest rate fluctuations and provide periodic liquidity.

High-Interest Accounts: Opt for banks or financial institutions offering higher interest rates for long-term deposits.

Gold Investment
Acquiring 1 kg of gold is a long-term goal. Gold can act as a hedge against inflation and currency fluctuations. You can achieve this through:

Systematic Investment Plan (SIP): Regularly investing small amounts in gold ETFs or sovereign gold bonds.

Physical Gold: Purchasing gold coins or bars periodically.

Emergency Fund
Maintaining an emergency fund of Rs 15-20 lakh at retirement is crucial. This fund should be easily accessible and kept in liquid instruments such as:

Savings Accounts: High-interest savings accounts offer liquidity and some returns.

Liquid Mutual Funds: These funds provide higher returns than savings accounts while maintaining liquidity.

ULIP and Insurance Policies
You mentioned paying ULIP-SIP for the last five years with ten years remaining. ULIPs often have higher charges and lower returns compared to mutual funds. Consider the following options:

Review ULIP Performance: Assess the performance and charges of your ULIP. If the returns are not satisfactory, it might be beneficial to surrender the policy and reinvest in mutual funds.

Term Insurance: Ensure your term insurance coverage is adequate and consider increasing it if needed. Avoid mixing insurance and investment; keep them separate for better returns and protection.

Retirement Planning
Planning for retirement at 55 requires a strategic approach to ensure financial independence and stability. Here are some key steps:

Retirement Corpus Calculation: Estimate the amount needed to sustain your lifestyle post-retirement. Consider factors like inflation, life expectancy, and medical expenses.

Regular Savings and Investments: Continue regular investments in mutual funds, equities, and fixed deposits. Increasing your SIP amounts periodically can help grow your retirement corpus.

Review and Rebalance Portfolio: Periodically review your investment portfolio with a CFP to ensure it aligns with your retirement goals and risk appetite.

Passive Income Enhancement
Your current passive income of Rs 30,000 per month is a great start. Enhancing passive income streams can provide additional security. Consider the following:

Dividend Yielding Stocks: Invest in companies with a history of paying consistent dividends.

Rental Income: If possible, rent out your properties for additional income.

Interest Income: Utilize interest from fixed deposits and bonds.

Comprehensive Financial Review
It's essential to conduct a comprehensive financial review periodically. This includes:

Assessing Goals: Ensure your financial goals remain relevant and adjust them as needed.

Tracking Progress: Monitor the performance of your investments and savings.

Adjusting Strategies: Make necessary adjustments to your investment strategies based on market conditions and personal circumstances.

Tax Planning
Effective tax planning is crucial to maximize your savings. Consider the following:

Tax-Saving Investments: Invest in tax-saving instruments under Section 80C, such as ELSS mutual funds, PPF, and NSC.

Health Insurance: Premiums paid for health insurance are eligible for deduction under Section 80D.

Tax Harvesting: Utilize tax harvesting strategies to minimize capital gains tax on your investments.


I commend your proactive approach to financial planning. You have a clear vision for your future and have already made significant strides in securing your family's financial well-being. Your disciplined savings and investments demonstrate a strong commitment to your goals.


Planning for early retirement and ensuring a comfortable lifestyle for your family is a significant undertaking. It's understandable to seek the best possible strategies to achieve these objectives. I appreciate the trust you place in seeking professional guidance.

Final Insights
Your financial journey is on a solid path, and with strategic planning and disciplined execution, you can achieve your goals. Regularly reviewing your financial plan with a Certified Financial Planner will ensure you stay on track and adapt to any changes in your circumstances. Focus on optimizing your investments in mutual funds and equities, enhancing your passive income streams, and maintaining a robust emergency fund. With a comprehensive approach, you can secure a prosperous future for yourself and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7012 Answers  |Ask -

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

Listen
Money
Hello sir, I am a 41 year old, have a dependend wife and 10 yr old daughter (5STD). I have a monthly income of 2.20 lakh in hand. Monthly expenses 70k. I have no debts and I am staying in my own flat. I invested 1 lakhs in equity stocks, 15 lakhs in MF lumpsum, 11 lakh in FD and 10 lakh in NSC. Till date my PF is 26 lacs. I pay 35,000 SIP monthly starting from 2023, pay PPF 1.5 lacs p.a.from 2022, pay NPS lacs p.a from 2022 and pay SSY 1.5 lacs p.a.from 2020 and PPF for wife 1 lacs p.a from 2022 and PPF for daughter 50k p.a.from 2023. Family medical insurance of 10 lacs.. and myself term insurance of 50 lakhs and LIC of 10 lakhs. Also I purchased LIC Child Money back of 10 lacs and SBI smart chap 5 lacs for my daughter education. I want to plan my retirement at the age of 55. How should i plan my retirement 5cr corpus?? Is it enough or shall i invest more??
Ans: Current Financial Situation
Age: 41

Dependents: Wife and 10-year-old daughter

Monthly Income: Rs. 2.20 lakh

Monthly Expenses: Rs. 70,000

Assets:

Equity Stocks: Rs. 1 lakh
Mutual Funds (lumpsum): Rs. 15 lakhs
Fixed Deposit (FD): Rs. 11 lakhs
National Savings Certificate (NSC): Rs. 10 lakhs
Provident Fund (PF): Rs. 26 lakhs
Investments:

SIP: Rs. 35,000 monthly (started in 2023)
Public Provident Fund (PPF): Rs. 1.5 lakhs p.a. (from 2022)
National Pension Scheme (NPS): Rs. 1 lakh p.a. (from 2022)
Sukanya Samriddhi Yojana (SSY): Rs. 1.5 lakhs p.a. (from 2020)
PPF for Wife: Rs. 1 lakh p.a. (from 2022)
PPF for Daughter: Rs. 50,000 p.a. (from 2023)
Insurance:

Family Medical Insurance: Rs. 10 lakhs
Term Insurance: Rs. 50 lakhs
LIC: Rs. 10 lakhs
LIC Child Money Back: Rs. 10 lakhs
SBI Smart Champ: Rs. 5 lakhs
Retirement Planning
Goal
Retirement Age: 55

Desired Corpus: Rs. 5 crores

Evaluation
Given your current investments and future contributions, let’s assess your path to achieving a Rs. 5 crore corpus.

Existing Investments
Equity Stocks: Rs. 1 lakh
Mutual Funds: Rs. 15 lakhs
Fixed Deposit: Rs. 11 lakhs
NSC: Rs. 10 lakhs
Provident Fund: Rs. 26 lakhs
Regular Contributions
SIP: Rs. 35,000 per month
PPF: Rs. 1.5 lakhs per year
NPS: Rs. 1 lakh per year
SSY: Rs. 1.5 lakhs per year
PPF for Wife: Rs. 1 lakh per year
PPF for Daughter: Rs. 50,000 per year
Recommended Strategy
Increase SIP Contributions
SIP Increase: Consider increasing your SIP to Rs. 50,000 per month.
PPF and NPS Contributions
Maintain PPF Contributions: Continue with Rs. 1.5 lakhs p.a. for yourself and Rs. 1 lakh p.a. for your wife.
NPS Contributions: Continue with Rs. 1 lakh p.a.
Sukanya Samriddhi Yojana (SSY)
Continue SSY: Maintain Rs. 1.5 lakhs p.a. contribution for your daughter.
Review and Adjust
Regular Reviews: Annually review your investments and make necessary adjustments.
Reallocate: If necessary, reallocate funds to more promising investment avenues.
Insurance Coverage
Increase Term Insurance: Consider increasing your term insurance to Rs. 1 crore.
Adequate Coverage: Ensure your health insurance coverage is adequate for your family’s needs.
Long-Term Investments
Diversify: Invest in diversified mutual funds and avoid over-reliance on direct stocks.
Regular Funds: Invest through a Mutual Fund Distributor (MFD) with CFP credentials for regular fund benefits.
Education and Marriage Fund
Child Education: Plan for your daughter’s higher education through SIPs in child education plans.
Marriage Fund: Start a separate SIP for her marriage expenses.
Final Insights
Your current investments and contributions are on the right track. Increasing your SIP and ensuring adequate insurance will help you achieve your retirement goal of Rs. 5 crores. Regularly review and adjust your portfolio to stay aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

..Read more

Latest Questions
Milind

Milind Vadjikar  |614 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 12, 2024

Kanchan

Kanchan Rai  |400 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 12, 2024

Asked by Anonymous - Nov 09, 2024Hindi
Listen
Relationship
I am a 30-year-old woman from an upper-middle-class business family. I've been in a relationship for the past four years with a man who holds a government job, while I recently completed my MBA and started working at a reputable company. He comes from a modest background, and we are from different castes. About a year and a half ago, I introduced him to my family as a potential partner, but they were strongly opposed to the idea. At the time, I decided to let it go, but now I feel compelled to try again. However, I’m uncertain about how to approach my parents, and with time passing, I find myself questioning the decision to marry someone from a different background. What should I do?
Ans: First, it might be helpful to reflect on your relationship itself. After four years, you likely know each other well, and it’s good to take stock of what you value in your partner. Think about whether you see a long-term future together, especially in terms of shared goals, values, and mutual support. These are the foundational elements that matter most, regardless of background or status. If you’re truly aligned, you can have confidence that you’re making a choice based on a solid partnership.

If you’re still sure about moving forward, you can prepare to approach your parents again. This time, try focusing on helping them see him as a person rather than through the lens of caste or financial background. Highlight his qualities—his character, values, work ethic, and the positive impact he has on your life. Family resistance often stems from fears about compatibility or security, so if you can show them that he’s a stable, dependable person who brings happiness and balance to your life, it may help ease their concerns.

At the same time, it’s natural to worry about how lifestyle differences might play out. You might consider having an open conversation with your partner about any potential challenges you foresee. Talking openly now about things like finances, family roles, and lifestyle expectations can give you both a clearer picture of what marriage will look like and whether you feel ready to commit.

If you’re still unsure, give yourself time to think it over without pressure. Marriage is a big commitment, and it’s okay to take your time. Make sure your decision reflects what’s truly right for you and the life you want to build, and trust yourself to make the choice that feels right in the end.

...Read more

Kanchan

Kanchan Rai  |400 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 12, 2024

Asked by Anonymous - Nov 11, 2024Hindi
Listen
Relationship
hello, I'm a 49F married for 21years. It was an arranged match, and from day one my husband and sister have not gotten along. I've also been naive and under my sister's control for a long time, which has angered my husband a lot. In March they both had a verbal altercation and have not been on talking terms. Now my husband is not letting my 18y son meet my sister. My husband is demanding a sorry from my sister, post which only my son can meet her. I'm really sad as my sister dearly loves my son, also I don't feel its morally right to involve children in family politics. And my sister will not apologize to my husband. Need help to understand on how to get my innocent son out of this mess. My husband is very controlling, very angry, very interfering person, overall he has a very negative perspective on everything.
Ans: It might help to approach this from a place of calm and clarity, starting by recognizing that both your husband and your sister likely feel hurt in their own ways. Your husband’s demand for an apology may come from years of built-up tension and perhaps a feeling that he hasn’t been supported in the past. On the other hand, your sister may feel hurt or defensive, making her unwilling to apologize. While it would be ideal for them to resolve this between themselves, you’ve noticed that it’s now affecting your son, and you understandably want to protect him from being caught in the middle.

When talking with your husband, you could try sharing your perspective calmly, focusing on your son’s well-being. For instance, you could gently explain that keeping your son away from his aunt might make him feel confused or torn. Rather than asking your husband to change his mind outright, it could help to show him that your main concern is your son’s happiness, not taking sides. If he understands that this isn’t about undermining his feelings, he may be more open to a conversation.

With your sister, if you have a trusting relationship, consider sharing that her relationship with your son is important, but so is reducing tension in the family. Without asking her to apologize, you might just express that a little openness on her part could make a big difference in helping your son maintain his connections.

This might take time to work through, and that’s okay. In the meantime, keep reassuring your son that he’s loved by everyone. Explain to him that sometimes adults have disagreements, but it doesn’t change the fact that he’s cared for. Keeping those bonds strong now could help everyone come to a better place down the line.

This is a tough situation, but focusing on your values—family harmony and your son’s well-being—can help guide you through it.

...Read more

Pradeep

Pradeep Pramanik  |176 Answers  |Ask -

Career And Placement Consultant - Answered on Nov 12, 2024

Asked by Anonymous - Oct 29, 2024Hindi
Listen
Career
Pradeep, I am a professional with more than 17 years of experience in Operations, team management. Currently I have started working in a global MNC in a global position. Earlier I was working with the same organization for more than 10 years. Then during Covid, I lost my job. Finally, settled down with another company with almost 40% less salary. Though I loved the role and responsibilities there. I was a Senior Team Lead there. I liked the role where I was managing the team, working with the team. But due to some internal politics, I lost my job in that organization too in this year only. Why I am saying politics? Because just before they fired me, I got best performer award and best employee of the last quarter 2024 award. Then I rejoined my old organization with lots of hope. But now I am finiding it difficult to cope up in this global role. The top management expected me to know everything within 3 to 4 months and start delivering. One of the biggest hurdle that I am facing is that earlier when I was in this organization for more than 10 years, I was in another process. This time I got in a role where the process is completely different. Also no proper training is provided. I am not get a fulfiling satisfaction from this role. Also I am not able to get job satisfaction and now I am thinking of quitting and start something of my own. A business venture or a consultancy service. But not sure how to start and also afraid of the flow of income. I have a mother who is suffering from age related problems. Have a little kid of 12 years. My wife is not working. I tried to switch jobs. But it seems that no one is there to take someone who is almost at 45 years of age. I am loosing my hope and confidence day by day. Please help.
Ans: Dear... Request you to mention the question in precise way to understand what exactly you require from us. Big question normally indicates state of confusion somewhere hence difficult to repply which will satisfy you.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x