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Will my savings be enough for a comfortable retirement at 53?

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 17, 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 - Jul 13, 2024Hindi

Money

I am 53 years old having assets as below: 1 house loan of 24 lacs having emi 40000 per month, mf of 13 lacs and monthly sip of 24100, fd of 31 lacs, 10lacs due to be paid to builder, 3 lacs of soverign gold bond, have salary in hand of 143000 pm. One house I own with value of 70 lacs. pf amount is 9 lacs. Is it sufficient for getting comfortable retirement?

Ans: Evaluating Retirement Readiness
Assessing your current financial status and retirement preparedness:

Income and Expense Analysis
Monthly salary of Rs. 1,43,000 supports your current lifestyle.
EMI for house loan is substantial at Rs. 40,000 per month.
Asset Evaluation
Assets include a house valued at Rs. 70 lakhs and investments in MF, FDs, and gold bonds.
PF balance of Rs. 9 lakhs contributes to retirement savings.
Liability Assessment
Outstanding loan of Rs. 24 lakhs and Rs. 10 lakhs due to builder.
Manageable with current income, but consider repayment strategies.
Retirement Planning
MF investments and SIPs totaling Rs. 13 lakhs are a good start.
FDs provide liquidity but consider diversifying for better returns.
Financial Security Check
Evaluate retirement corpus goal based on current expenses and future needs.
Factor in inflation and health care costs for retirement planning.
Recommendations
Increase SIPs gradually to build retirement corpus.
Consider downsizing or rental income from property post-retirement.
Ensure adequate health and life insurance coverage.
Final Insights
Your assets and income are substantial, but consider optimizing investments and managing liabilities for a more comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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 Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - Apr 23, 2024Hindi

Money

Hello I plan to retire in next 4 years. I will be 52 years old at that time. I have 2, 3 BHK houses in Mumbai out of which one is required for our stay and other can be put up for rent which can fetch a monthly rent of 1lakh (today's date). I will get around 1 lakh(in hand as pension) and will have corpus of around 2 Cr at the time of my retirement. I have a daughter who will be fishing her graduation after 4 years. I will need money for her higher education and her marriage (I do not need gold as I already have). I have upper middle class life style at present. My question is will question is will the amount as I described earlier be sufficient for me to retire at an age of 52. I want to retain the present lifestyle.

Ans: Retiring at 52 with a sufficient corpus and a rental income from one of your properties is indeed a significant milestone. Let's assess your situation to determine if your current plan aligns with your retirement goals and lifestyle expectations:
1. Corpus and Income Sources: With a projected corpus of 2 Cr and an additional monthly pension of 1 lakh, you have a substantial financial base to support your retirement. The rental income from your property further adds to your income stream.
2. Expenses and Lifestyle: It's essential to evaluate your expected expenses post-retirement and compare them with your projected income. Since you aim to maintain your upper-middle-class lifestyle, factor in expenses related to healthcare, travel, leisure activities, and any unforeseen emergencies.
3. Daughter's Education and Marriage: Planning for your daughter's higher education and marriage is crucial. Estimate the future costs for these milestones and ensure that you allocate a portion of your corpus towards meeting these expenses. Consider inflation-adjusted estimates for a more accurate assessment.
4. Inflation and Investment Strategy: Given your retirement horizon of 4 years, focus on a balanced investment approach that prioritizes capital preservation while aiming for moderate growth. Consider allocating a portion of your corpus to safer investment avenues such as debt instruments, while also diversifying into equities and real estate for potential growth.
5. Regular Review and Adjustments: Regularly review your financial plan to ensure it remains aligned with your retirement goals and lifestyle aspirations. Make adjustments as necessary based on changes in your income, expenses, and market conditions.
6. Consultation with Financial Planner: Consider seeking advice from a certified financial planner who can provide personalized guidance based on your specific financial situation, retirement goals, and risk tolerance.
In summary, while your current financial situation appears promising for retirement at 52, it's essential to conduct a thorough assessment of your income, expenses, and investment strategy to ensure long-term financial security and fulfillment of your retirement objectives.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Sep 28, 2024

Asked by Anonymous - Sep 28, 2024Hindi

Money

Sir I am age of 50 , present I am having own 2 house of buit up area 30 x40 , and gold 30 lakhs and fd of 10 lakhs and lic will come in next year around 40 lakhs , I have to kids one is studying in B.E 2nd yr, and one more 8th std , I have only 10 yrs in my hand I will get retired, presently I started 25000 sip and one ppf of 5k ,is it enough fr my next retirement life....

Ans: You have 10 years until retirement and are keen on assessing your current financial situation. With two kids, one in college and the other in school, it’s important to ensure that your retirement and their future are secure. Let’s analyze your financial position and evaluate whether your current plan is enough for a comfortable retirement.

Current Financial Position
Let’s take a quick look at your assets and existing savings:

Two Houses: You own two houses with a 30x40 built-up area. While real estate adds to your net worth, they may not provide immediate liquidity for retirement. We will focus on financial assets for now.

Gold Worth Rs 30 Lakh: Gold is a good long-term investment. It acts as a hedge against inflation, but it shouldn’t be the sole focus for retirement planning.

Fixed Deposit of Rs 10 Lakh: This is a stable, low-risk investment. However, fixed deposits generally offer lower returns, which might not be sufficient in the long run.

LIC Maturity Next Year: You expect Rs 40 lakh from your LIC maturity next year. This can be a good lump sum amount to invest further for your retirement.

Current SIPs: You’ve started a Rs 25,000 monthly SIP. This is a great step towards building your retirement corpus, especially in equity mutual funds.

PPF Contribution: You are contributing Rs 5,000 per month to PPF. This provides a safe and guaranteed return, ideal for retirement stability.

Assessing Your Retirement Goals
To determine if your current investments are enough, let’s break down some key factors:

1. Retirement Corpus Requirement
Based on your current lifestyle, you will need a retirement corpus that can generate enough income to cover your post-retirement expenses. Assuming your expenses continue to grow with inflation, you will need to account for this in your savings plan.

At retirement, you will need:

Monthly Income for Living Expenses: Estimate your monthly expenses post-retirement. This includes your daily living costs, medical expenses, and any other regular commitments. Typically, you should plan for at least 70-80% of your current monthly expenses, adjusted for inflation.

Inflation: Consider an inflation rate of 6-7% over the next 10 years. This will erode the value of money, meaning you’ll need a higher corpus to maintain the same standard of living.

2. Education Expenses for Your Kids
Your children’s education will likely require significant funding. With one child in BE 2nd year and another in 8th standard, you must plan for both higher education expenses. Factor this into your savings to avoid dipping into your retirement corpus later.

Allocate a portion of your investments for their education costs. Higher education can be expensive, so it’s important to set aside a separate fund for this purpose.
3. Health and Medical Emergencies
Medical costs tend to rise with age. Ensure you have adequate health insurance coverage for you and your spouse. This can safeguard your savings against unforeseen medical expenses.

If you haven’t already, consider increasing your health insurance coverage to Rs 20-25 lakh to cover any medical emergencies.

Evaluating Your Current Investments
Now, let’s assess whether your current investments are aligned with your retirement goals.

1. SIP Contributions
A monthly SIP of Rs 25,000 is a good start. Over the next 10 years, this can grow significantly, thanks to the power of compounding. Continue this investment in equity mutual funds to benefit from long-term market growth. You can expect a higher return from equity funds compared to traditional investments.

Consider increasing your SIP contributions annually. As your salary or income grows, increase your SIP by 10-15% each year. This “step-up” approach will ensure your investments keep pace with your growing needs.
2. Public Provident Fund (PPF)
You are contributing Rs 5,000 per month to PPF. This is a safe and tax-efficient investment that provides guaranteed returns. The current interest rate for PPF is around 7-7.5%. While this is stable, it might not be sufficient on its own to meet your retirement goals. However, it provides a good balance against your riskier equity investments.

Continue your PPF contributions, but rely on it as the stable portion of your retirement corpus. It will act as a safety net in your portfolio.
3. Fixed Deposits (FD)
You have Rs 10 lakh in fixed deposits. While this is a low-risk option, fixed deposits typically offer lower returns. Over time, inflation will erode the purchasing power of these funds.

Consider moving a portion of your FD into better-performing instruments like debt mutual funds, which offer slightly higher returns and are still relatively safe.
4. LIC Maturity
You expect Rs 40 lakh from LIC next year. This is a significant amount, and how you invest it will be crucial for your retirement. Lump-sum investments in mutual funds, balanced between equity and debt, can help grow this corpus efficiently.

Equity Mutual Funds: Consider investing a portion of the Rs 40 lakh into equity mutual funds. This will give you market-linked growth, essential for building a larger retirement corpus.

Debt Mutual Funds: For the more conservative part of your portfolio, invest in debt mutual funds. These are less risky and provide stable returns, balancing your overall investment.

5. Gold as a Backup
You have Rs 30 lakh in gold. While gold is a good hedge against inflation, it’s not a liquid asset that can easily fund regular retirement expenses. You can keep it as a backup or sell it during emergencies if needed. Avoid depending solely on gold for your retirement.

Recommendations for a Secure Retirement
Here are some key actions you should consider:

1. Increase Your SIP Contributions
As mentioned earlier, consider increasing your SIP contributions each year. A gradual increase will help grow your retirement corpus significantly. You might also want to explore investing in a mix of large-cap, mid-cap, and hybrid mutual funds for diversification.

2. Diversify with Debt Mutual Funds
Debt mutual funds are a safer option for the conservative portion of your portfolio. As you approach retirement, you’ll need to gradually shift your equity investments towards debt to reduce risk. Start with a 10-20% allocation in debt funds now, increasing it as you near retirement.

3. Create a Separate Fund for Children’s Education
Ensure you have separate investments for your children’s education. You can start a dedicated SIP for this purpose, or invest a portion of your LIC maturity and FD towards their higher education needs.

4. Health Insurance
Increase your health insurance coverage if it is insufficient. Medical expenses tend to rise with age, and a higher health insurance cover will prevent you from dipping into your retirement funds.

5. Emergency Fund
Keep at least 6 months of your living expenses in an emergency fund. This fund should be easily accessible and should cover any unexpected expenses, such as job loss or medical emergencies.

6. Avoid Real Estate Investments
As you already own two houses, you should avoid putting more money into real estate. Real estate is not very liquid, and it may not generate the regular income you need during retirement. Focus on financial assets like mutual funds for liquidity and growth.

7. Regularly Review Your Plan
Review your investment portfolio every year. Rebalance it to ensure that your equity-to-debt ratio remains appropriate for your risk appetite and changing goals. As you get closer to retirement, shift more towards conservative investments.

Final Insights
Your current investments are a great starting point, but there is room for improvement. By increasing your SIP contributions, diversifying into debt funds, and planning for your children’s education separately, you will be on track to meet your retirement goals. Ensure that you have enough health insurance and keep a portion of your assets in safe investments like PPF and debt funds. Regularly review and adjust your portfolio to ensure that your investments are aligned with your goals.

Best Regards,

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

Latest Questions

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi

Career

Hello sir I am mbbs graduated from russia in 2020,n passed with my fmge exam in india in 2021, I want to ask if i want to practice medicine or work as doctor in uk ? Is it necessary for me to pass plab exam exam? Or if i get sponsorship from any uk i will be able to work there and simultaneously i will give plab exam?? Please guide me i m so confused?

Ans: Hi, I understand that you pursued a medicine course in Russia (a non-European country) and, since you are from India, you have completed the FMGE. Now you want to practice or work in the UK as a doctor?

Based on your question, you are eligible to practice in India after completing your internship (which you haven't mentioned, but I assume you have completed it). The FMGE is essentially a licensure exam for Indian students who have completed their medical studies abroad, so you are eligible to practice in India only.

If you want to practice medicine in the UK, you need to complete the PLAB test, as you are from outside the UK/Switzerland/European countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland).

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
• Alder Hey International Fellowship Scheme (Anaesthetics)
• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
• BAPIO Training Academy Ltd – BTA International Fellowship Scheme
• BAPIO Training Academy Ltd – International Training Programme for Postgraduate Doctors
• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
• Barking Havering and Redbridge University Hospitals NHS Trust - BHRUT Sponsorship Scheme for Overseas Doctors in Clinical Radiology
• Birmingham and Solihull Mental Health NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry (Birmingham)
• Birmingham Women’s and Children’s Hospital – Birmingham Women’s and Children’s International Medical Graduate sponsorship scheme
• Bradford District Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
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• Cumbria Northumberland Tyne and Wear NHS Psychiatry Fellowship Programme
• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
• Dudley Group NHS Foundation Trust
• East Lancashire Hospitals NHS Trust - Clinical Fellowship in Urology or Ophthalmology
• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
• East London NHS Foundation Trust (ELFT) – ELFT Advanced International Fellowship in Psychiatry
• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
• Edge Hill University and Wrightington, Wigan and Leigh NHS Trust – International Training Fellowships in MCh programmes
• ENT UK – Royal College of Surgeons
• Essex Partnership University NHS Foundation Trust – EPUT Advanced Fellowship in Psychiatry
• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
• Great Ormond Street Hospital International Fellowship Programme
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• Oxford University Hospitals NHS Foundation Trust – The Oxford International Neonatal and Paediatric Fellowship Programme
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• Royal College of Anaesthetists – Global Fellowship Scheme (Anaesthesia or ICM)
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• Royal College of Psychiatrists – MTI Scheme
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• University of Hertfordshire – Professional Doctorate in General Internal Medicine (Clinical MD) Programme
KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Aug 02, 2024Hindi

Career

I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

What is your nationality? (Based on your nationality, I can check the relevant requirements from the health department regarding courses and internships).

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

Career

Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
You have provided very limited information to obtain the details. However, the percentile of the candidate will not solely determine the admission process. Other factors are also involved, including:

- Course
- Institution
- Caste
- Creamy layer
- Gender

But, there may be possibilities for admission to the following IIMs: IIM Visakhapatnam, Udaipur, Bodhgaya, Shillong, and Rohtak.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.

Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

Stocks and Mutual Funds:
Your Rs 60 lakh investment in stocks and mutual funds is a commendable step. Active mutual funds offer professional fund management and can outperform index funds over time.

Foreign Stocks:
Your Rs 1.7 crore portfolio in foreign stocks adds geographical diversification. Monitor currency exchange fluctuations and global market trends.

Provident Fund (PF):
With Rs 1.3 crore in PF, this is a reliable retirement corpus. The fund provides fixed returns and tax benefits, adding stability.

Farm Lands:
Farm lands worth Rs 5 crore are an illiquid but valuable asset. They might not generate consistent income unless leased or developed.

Loans:
A loan liability of Rs 1.2 crore needs prioritised repayment. Focus on loans with higher interest rates first.

Insurance Coverage:
A Rs 5 crore term plan is robust. Your Rs 50 lakh health insurance is sufficient for unexpected medical emergencies.

Retirement Goals
You need Rs 3–4 lakh monthly for 27–28 years post-retirement.
The portfolio must generate steady, inflation-adjusted returns.
Action Plan for Retirement
Debt Management
Prepay High-Interest Loans:
Use a portion of your surplus income to prepay loans. This reduces interest outflow and increases your cash flow.

Avoid New Loans:
Focus on reducing existing liabilities instead of taking on new ones.

Portfolio Restructuring
Real Estate:
Retain essential properties. Sell underperforming or non-essential properties to reduce concentration in real estate. Invest proceeds in mutual funds or debt instruments for diversification.

Mutual Funds (MFs):
Increase SIPs in actively managed funds. They outperform direct funds due to guidance from Certified Financial Planners and MFDs. Regular funds offer better tracking and professional assistance.

Stocks:
Monitor direct equity investments closely. Consider reallocating underperforming stocks to mutual funds for better management.

Debt Instruments:
Invest in high-quality debt funds or fixed-income securities for stability. These instruments balance equity volatility and ensure steady returns.

SIP Strategy
Increase SIPs from Rs 70,000 to Rs 1 lakh/month.
Allocate 70% to equity funds for long-term growth.
Invest 30% in debt funds for stability and liquidity.
Emergency Fund
Maintain a 12-month expense reserve in liquid funds or fixed deposits.
This covers unexpected expenses without disturbing investments.
Income During Retirement
Systematic Withdrawal Plan (SWP)
Use SWPs in mutual funds to generate regular income.
Withdraw 6–8% annually from your mutual fund portfolio for a steady income stream.
Rental Income Optimisation
Review property rents regularly.
Invest part of rental income in equity or debt mutual funds for compounding.
Dividend Stocks
Retain high-dividend-yield stocks for regular income.
Reinvest surplus dividends for long-term growth.
Tax Efficiency
Equity Funds Taxation:
Long-term gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%.

Debt Funds Taxation:
Both short- and long-term gains are taxed per your income slab.

Real Estate Capital Gains:
Use exemptions under Sections 54 or 54F to save tax on property sales.

Inflation Protection
Allocate 60–70% of your portfolio to equity investments.

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

Estate Planning
Draft a will to allocate assets transparently among family members.
Use nomination and joint ownership to avoid legal complications.
Consider a family trust for farm lands to avoid disputes.
Periodic Review
Review your financial plan every six months.
Adjust investments based on market conditions, goals, and needs.
Consult a Certified Financial Planner regularly for updates.
Finally
A well-diversified portfolio ensures financial independence post-retirement. Focus on debt repayment, portfolio balance, and tax-efficient withdrawals. Your assets can comfortably generate Rs 3–4 lakh monthly income, adjusted for inflation.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Kanchan Rai |444 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

Question by Kevin - Dec 19, 2024Hindi

Relationship

I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.

Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

Your relationship with your wife appears to be another significant source of emotional distance. While her lack of interest in deep conversations may seem like a barrier, it’s worth exploring other ways to reconnect—perhaps by spending time together in shared activities or revisiting moments that once brought you closer. Sometimes, relationships stuck in routines benefit from new experiences or even professional counseling to navigate the underlying dynamics.

Regarding your daughter, while it’s clear she cannot shoulder your emotional burdens, she can still be a source of joy and connection. Investing time in activities with her can provide a sense of fulfillment and grounding that counters loneliness.

Above all, remember that reaching out for professional support, such as therapy, is not a sign of weakness but an act of self-care. A therapist can provide a safe space to express your feelings and help you develop strategies to foster deeper connections and manage emotional isolation.

You deserve to feel supported and connected, and even if the journey to finding that seems long, every step you take toward opening up or seeking out others is a move toward a more fulfilling and less lonely existence.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

Suggested SIP Allocation (Rs. 15,000)
Large-Cap Fund

Allocation: Rs. 4,000/month
Objective: Stability and steady growth by investing in India’s top 100 companies.
Why Choose: Provides consistent returns and low volatility in your portfolio.
Flexi-Cap Fund

Allocation: Rs. 4,000/month
Objective: Diversified exposure across large, mid, and small-cap stocks.
Why Choose: Offers balanced risk and returns with flexibility during market cycles.
Mid-Cap Fund

Allocation: Rs. 3,500/month
Objective: Tap into the growth potential of medium-sized companies.
Why Choose: Higher returns with manageable risk compared to small caps.
Small-Cap Fund

Allocation: Rs. 3,500/month
Objective: Focus on fast-growing small-cap companies.
Why Choose: High-growth potential over the long term, though with higher volatility.
Why Include Small-Cap Funds?
Long-Term Growth: Small-cap companies have immense potential to grow significantly over time.
Diversification: Adds exposure to an underrepresented segment, complementing large and mid-caps.
High Returns: Potential for higher returns compared to other categories, albeit with higher risk.
Key Considerations
Investment Horizon: Stay invested for at least 7-10 years to mitigate short-term volatility.
Active Fund Management: Avoid direct or index funds to leverage professional expertise.
Regular Monitoring: Review fund performance periodically with a Certified Financial Planner.
Tax Implications
Equity Funds:
LTCG above Rs. 1.25 lakh/year taxed at 12.5%.
STCG (held less than 1 year) taxed at 20%.
Final Insights
This updated allocation ensures a mix of stability, moderate risk, and high growth. With consistent SIPs and periodic reviews, you can achieve robust wealth creation over the long term. A Certified Financial Planner can assist in optimising your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

See more questions »

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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