My father has been working in central government for the past 60 years and he is retiring this may 31st. He will be receiving a corpus amount of 2crores. My mother is a house wife and I am joining MBA this year and the fees is 20Lakhs. Our monthly expenses would not exceed 50,000/-. Requesting the gurus to help me out how to disperse the corpus amount into different financial tools to have good retirement life. Please do let me know if we could connect as-well.

Ans: Congratulations on your father's retirement! It's a significant milestone, and it's wonderful that you're considering your family's financial future. Let's craft a plan to make the most of the corpus amount while ensuring a comfortable retirement for your parents and supporting your MBA journey.

Firstly, it's commendable that you have a clear understanding of your family's financial needs and goals. With a monthly expense of 50,000/-, we can create a sustainable plan for the corpus amount.

Given your father's retirement, preserving capital and generating steady income are paramount. We'll aim for a balanced approach, combining safety and growth potential.

A portion of the corpus can be allocated towards fixed deposits or debt mutual funds for stability and liquidity. This ensures a steady stream of income to cover monthly expenses and emergencies.

For long-term growth and beating inflation, a significant portion can be invested in a diversified portfolio of mutual funds managed by experienced fund managers. Regular funds, facilitated through a Certified Financial Planner, offer personalized guidance and active management to maximize returns.

Considering your mother's role as a homemaker and your upcoming MBA expenses, it's crucial to allocate a portion for contingencies and education expenses.

Diversification across asset classes like equity, debt, and possibly gold can mitigate risks and optimize returns over the long term.

Regular review of the portfolio and adjustments based on changing market conditions and life events is essential to ensure the plan remains aligned with your family's goals.

Remember, financial planning is a dynamic process, and staying informed and adaptable is key to success.

I'm here to provide ongoing support and guidance throughout your financial journey. Feel free to reach out for any assistance or clarification.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in