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Janak

Janak Patel  |71 Answers  |Ask -

MF, PF Expert - Answered on Jun 05, 2025

Janak Patel is a certified financial planner accredited by the Financial Planning Standards Board, India.
He is the CEO and founder of InfiniumWealth, a firm that specialises in designing goal-specific financial plans tailored to help clients achieve their life goals.
Janak holds an MBA degree in finance from the Welingkar Institute of Management Development and Research, Mumbai, and has over 15 years of experience in the field of personal finance. ... more
Money

I AM 80 YEARS OLD AND STILL WORKING AS A Consultant AND EARNING RS.1.5 LAKHS PER MONTH. I HAVE A CORPUS OF 182 LAKHS CONSISTING OF MF/ FD/ AND STOCKS. I CONTEMPLATE RETIRING IN 6 MONTHS. REQUEST PL.SUGGEST IF MY CURRENT CORPUS WILL SUFFICE UNTIL AGE OF 95. MY MONTHLY EXPENSES ARE RS.50000.00. I HAVE NO LIABILITY AND MY WIFE IS THE ONLY DEPENDENT. SELF AND WIFE ARE CO.VERED UNDER MEDICLAIM.AWAITING UR VALUED OPINION

Ans: Hi Sivaramakrishnan,

Congratulations on having an active working life at the age of 80.

For your monthly expenses of Rs 50000 and assuming an inflation of 7% over the next 15 years, you require approx. Rs 85 lakhs (today).

You already have Rs 182 lakhs (not including any further savings over the next 6 months) invested across MF/ FD/ and STOCKS.

I recommend you have a systematic withdrawal plan from your investments for your annual expenses.
Depending on how you have spread your investments, you can decide on the approach.
For MFs - its simple to do a SWP for an amount each month.
For FDs - you may need to liquidate them, so instead of breaking them, plan to use them at their maturity if its within six months of your requirement. if the maturity is long term, and you have a need then you may need to liquidate. Also check if there is an option to make them Sweep-in type FD, which means that when your account has less balance, it will move money from FD to account. Discuss with your bank on options available to you.
For Stocks - You can decide when to liquidate them. If you wish to move away from stocks, then you can consider investing in so hybrid Mutual fund schemes considering your time horizon.

Overall you will be looking to grow approx. Rs 1 crore over the next 15 years and this can grow to an amount of Rs 3 crores at 8% returns.

So your current corpus is more than sufficient and even if you increase your monthly expenses, you will have a surplus after 15 years.
Happy retirement and a healthy life ahead.

Thanks & Regards
Janak Patel
Certified Financial Planner.
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

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I am 48 yrs old and plan to retire in next 1 year with life expectancy 75 yrs. My current montly expense is 1.25 Lakhs and value of current investment is 5.5 cr so please suggest is the corpus sufficient till my death and also after my death will any corpus will be balance so that i can pass on to my kids. Niraj MUMBAI
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Retirement Expenses: Your monthly expenses are Rs. 1.25 lakhs, which amounts to Rs. 15 lakhs annually. Considering a life expectancy of 75 years, we need to estimate your expenses for the next 27 years.
Current Investments: With a corpus of Rs. 5.5 crores, we need to determine if this amount can sustain your retirement expenses for the next 27 years, factoring in inflation and investment returns.
Legacy Planning: If there is a remaining corpus after your retirement, it can be passed on to your kids as part of your legacy. Consider the potential growth of your investments and any potential bequests or inheritances you wish to leave for your children.
Inflation and Investment Returns: Consider the impact of inflation on your expenses and the potential investment returns on your corpus. Adjust your retirement planning accordingly to ensure your corpus can keep pace with inflation and continue to support your lifestyle.
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I am 48 yrs old and plan to retire in next 1 year with life expectancy 75 yrs. My current montly expense is 1.25 Lakhs and value of current investment is 5.5 cr so please suggest is the corpus sufficient till my death and also after my death will any corpus will be balance out of 5.5 cr so that i can pass on to my kids. NIRAJ MUMBAI
Ans: To assess if your current corpus is sufficient for your retirement and if there will be a remaining corpus to pass on to your kids, we need to consider several factors:

Retirement Expenses: Your monthly expenses are Rs. 1.25 lakhs, which amounts to Rs. 15 lakhs annually. Considering a life expectancy of 75 years, we need to estimate your expenses for the next 27 years.
Current Investments: With a corpus of Rs. 5.5 crores, we need to determine if this amount can sustain your retirement expenses for the next 27 years, factoring in inflation and investment returns.
Legacy Planning: If there is a remaining corpus after your retirement, it can be passed on to your kids as part of your legacy. Consider the potential growth of your investments and any potential bequests or inheritances you wish to leave for your children.
Inflation and Investment Returns: Consider the impact of inflation on your expenses and the potential investment returns on your corpus. Adjust your retirement planning accordingly to ensure your corpus can keep pace with inflation and continue to support your lifestyle.
To accurately determine if your current corpus is sufficient and if there will be a remaining corpus for your kids, it's advisable to consult with a Certified Financial Planner. They can analyze your financial situation comprehensively, consider various scenarios, and provide personalized recommendations tailored to your goals and aspirations.

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I am 48 yrs old and plan to retire in next 1 year with life expectancy 75 yrs. My current montly expense is 1.25 Lakhs and value of current investment is 5.5 cr so please suggest is the corpus sufficient till my death and also after my death will any corpus will be balance out of 5.5 cr so that i can pass on to my kids.
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Retirement Expenses: Your monthly expenses are Rs. 1.25 lakhs, which amounts to Rs. 15 lakhs annually. Considering a life expectancy of 75 years, we need to estimate your expenses for the next 27 years.
Current Investments: With a corpus of Rs. 5.5 crores, we need to determine if this amount can sustain your retirement expenses for the next 27 years, factoring in inflation and investment returns.
Legacy Planning: If there is a remaining corpus after your retirement, it can be passed on to your kids as part of your legacy. Consider the potential growth of your investments and any potential bequests or inheritances you wish to leave for your children.
Inflation and Investment Returns: Consider the impact of inflation on your expenses and the potential investment returns on your corpus. Adjust your retirement planning accordingly to ensure your corpus can keep pace with inflation and continue to support your lifestyle.
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Hello, I am currently in Class 12 and preparing for JEE. I have not yet completed even 50% of the syllabus properly, but I aim to score around '110' marks. Could you suggest an effective strategy to achieve this? I know the target is relatively low, but I have category reservation, so it should be sufficient.
Ans: With category reservation (SC/ST/OBC), a score of 110 marks is absolutely achievable and realistic. Based on 2025 data, SC candidates qualified with approximately 60-65 percentile, and ST candidates with 45-55 percentile. Your target requires scoring just 37-40% marks, which is significantly lower than general category standards. This gives you a genuine advantage. Immediate Action Plan (December 2025 - January 2026): 4-5 Weeks. Week 1-2: High-Weightage Chapter Focus. Stop trying to complete the entire syllabus. Instead, focus exclusively on high-scoring chapters that carry maximum weightage: Physics (Modern Physics, Current Electricity, Work-Power-Energy, Rotation, Magnetism), Chemistry (Chemical Bonding, Thermodynamics, Coordination Compounds, Electrochemistry), and Maths (Integration, Differentiation, Vectors, 3D Geometry, Probability). These chapters alone can yield 80-100+ marks if practiced properly. Ignore topics you haven't studied yet. Week 2-3: Previous Year Questions (PYQs). Solve JEE Main PYQs from the last 10 years (2015-2025) for chapters you're studying. PYQs reveal question patterns and difficulty levels. Focus on understanding why answers are correct, not memorizing solutions. Week 3-4: Mock Tests & Error Analysis. Take 2-3 full-length mock tests weekly under timed conditions. This is crucial because mock tests build exam confidence, reveal time management weaknesses, and error analysis prevents repeated mistakes. Maintain an error notebook documenting every mistake—this becomes your revision guide. Week 4-5: Revision & Formula Consolidation. Create concise formula sheets for each subject. Spend 30 minutes daily reviewing formulas and key concepts. Avoid learning new topics entirely at this stage. Study Schedule (Daily): 7-8 Hours. Morning (5:00-7:30 AM): Physics concepts + 30 PYQs. Break (7:30-8:30 AM): Breakfast & rest. Mid-morning (8:30-11:00): Chemistry concepts + 20 PYQs. Lunch (11:00-1:00 PM): Full break. Afternoon (1:00-3:30 PM): Maths concepts + 30 PYQs. Evening (3:30-5:00 PM): Mock test or error review. Night (7:00-9:00 PM): Formula revision & weak area focus. Strategic Approach for 110 Marks: Attempt only confident questions and avoid negative marking by skipping difficult questions. Do easy questions first—in the exam, attempt all basic-level questions before attempting medium or hard ones. Focus on quality over quantity as 30 well-practiced questions beat 100 random questions. Master NCERT concepts as most JEE questions test NCERT concepts applied smartly. April 2026 Session Advantage. If January doesn't deliver desired results, April gives you a second chance with 3+ months to prepare. Use January as a practice attempt to identify weak areas, then focus intensively on those in February-March. Realistic Timeline: January 2026 target is 95-110 marks (achievable with focused 50% syllabus), while April 2026 target is 120-130 marks (with complete syllabus + experience). Your reservation benefit means you need only approximately 90-105 marks to qualify and secure admission to quality engineering colleges. Stop comparing yourself to general category cutoffs. Most Importantly: Consistency beats perfection. Study 6 focused hours daily rather than 12 distracted hours. Your 110-mark target is realistic—execute this plan with discipline. All the BEST for Your JEE 2026!

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Dr Dipankar

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Tech Careers and Skill Development Expert - Answered on Dec 13, 2025

Asked by Anonymous - Dec 12, 2025
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Dear Sir/Madam, I am currently a 1st year UG student studying engineering in Sairam Engineering College, But there the lack of exposure and strict academics feels so rigid and I don't like it that. It's like they don't gaf about skills but just wants us to memorize things and score a good CGPA, the only skill they want is you to memorize things and pass, there's even special class for students who don't perform well in academics and it is compulsory for them to attend or else the student and his/her parents needs to face authorities who lashes out. My question is when did engineering became something that requires good academics instead of actual learning and skill set. In sairam they provides us a coding platform in which we need to gain the required points for each semester which is ridiculous cuz most of the students here just look at the solution to code instead of actual debugging. I am passionate about engineering so I want to learn and experiment things instead of just memorizing, so I actually consider dropping out and I want to give jee a try and maybe viteee , srmjeee But i heard some people say SRM may provide exposure but not that good in placements. I may not be excellent at studies but my marks are decent. So gimme some insights about SRM and recommend me other colleges/universities which are good at exposure
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What you are experiencing at Sairam is not engineering, it is rote-based credential production.

“When did engineering become memorizing instead of learning?”

Sadly, this shift happened decades ago in most Tier-3 private colleges in India.

About “coding platforms & points” – your observation is sharp

You are absolutely right:

Mandatory coding points → students copy solutions

Copying ≠ learning

Debugging & thinking are missing

This is pseudo-skill education — it looks modern but produces shallow engineers.

The fact that you noticed this in 1st year already puts you ahead of 80% students.

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Although VIT/SRM is better than Sairam Engineering College, but you may face the same problem. You will not face this type of problem only in some top IITs, but getting seat in those IITs will be difficult.
Instead of dropping immediately, consider:

???? Strategy:

Stay enrolled (degree security)

Reduce emotional investment in college rules

Use:

GitHub

Open-source projects

Hackathons

Internships (remote)

Hardware / software self-projects

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College = formality

Learning = self-driven

Risk = minimal

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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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