Hi Sir Iam 54 years old with health issues. I have personal debts to a tune of 70 lakhs. I have a small business which gives me an average monthly income of Rs 30000. On an average my monthly requirement is 1.5lakh. I own a property which is worth around 4 to 5 crore. I have a few options: Option 1: Take half the property, develop it into plots and sell it. Here I will initially need to put in money towards project expenses, which means some more borrowing. Else I can wait to pre sell about 4 plots, which will help me to cover the expenses to develop the plots and then later sell the balance plots and repay my existing debts and then put deposit the balance money in the bank and see if the interest will sustain my monthly requirements. This option has the usual risks of delayed sale of plots etc. Option 2: just sell part of the land as it is. I will get around 1.5 cores if I do this. Out of this 1.5 I will use 70 lakhs towards debt repayment. If I deposit the balance 70lakhs in the bank, how much interest will I get monthly? Option 3: Sell the entire property for about 4 to 5 crores. Repay the 70 lakh debt and invest the balance in bank etc. But this means I will not own anything, and will have to rent a house etc. So my monthly requirement will go upto 2 lakhs per month. Here, the down side is I will be giving up all my assets, which I had retained would have grown in value. Please advise. Thanks.

Ans: Dear Anonymous,
Please take him to a professional who can evaluate him. There are a lot of gaps in what you haev shared and a professional will be able to ask the right questions and be of better guidance to your son and your family.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: He can prepare for or appear in government competitive exams like SSC CGL, SSC JE (after degree), MPSE/UPSC Civil Services, and start internships such as DRDO or other research internships. Now, plan for GATE for PSU jobs. You should not worry about your son because students studying engineering are acquainted with these exams. Ask him to keep updated about the exams. If possible, ask him to go through the employment news (https://employmentnews.gov.in/) to stay informed. Develop the habit of reading the employment advertisements published in the top English newspapers to learn about the latest requirements in the tech field (as government jobs are uncertain).

Good luck.
Follow me if you receive this reply.
Radheshyam

Ans: Dear Anonymous,
No, you are not wrong to expect to support or comfort you. But, simply asking him to stay away from people isn't going to solve anything. If anything, he's going to think that he is being controlled.
Instead, why don't you tell him exactly how you feel when that person is around you. Let him see what the other person and says and how that makes you feel; this can happen when you are face to face with that person and your husband also sees what exactly is happening.
Now, you may ask why you need to do so much to get it to your husband's notice; this is because despite you telling him, he has ignored it...so, you are having to take the longer route...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Rdy. A knee cap can definitely help as an adjunct in the management of knee pain by providing support and compression during wear and tear, walking, jogging, and climbing stairs. However, it cannot completely alleviate knee pain, as the root cause in many cases is knee arthritis or underlying biomechanical weakness. When selecting a knee cap, consider the level of support needed a simple compression sleeve for mild pain or a patella-stabilizing support if there is kneecap-related discomfort. Pay attention to the material (breathable fabric for daily use or neoprene for warmth and compression) and ensure a proper, snug fit with adjustable straps if possible. Features like open or closed patella designs can help reduce pressure on the kneecap and improve comfort. Overall, comfort, breathability, and correct sizing are crucial, and consulting physiotherapist is always the best first step for accurate diagnosis and guidance. There are many good brands like Tynor, Dr. Orto, Bold fit. All are good brands

Ans: Refund against TDS can only be Claimed by filing Income Tax Return, for the relevant year under reference. TDS may be from any source like Salary, Commission, Interest or Online Games etc., may be claimed by filing your ITR.
Most Welcome for further clarifications, if any. Thanks.

Ans: A major potion of your PF amount can be withdrawn for the purpose of Purchase of a house, just before three months of your Retirement. Balance amount can be withdrawn only after Retirement, which in your case is not far away.
Most Welcome for further clarifications, if any. Thanks.

Ans: Hi Bhavin,

Currently most of your investments are in Fixed Income/Debt category, which will just meet the inflation.

I suggest you invest a major % of your investment amount towards Equity Mutual Funds. They have a potential for growth over a long period, 5 years and more.

It can help accumulate a good corpus over the next 10-15 years before your retirement.

Child Education is the requirement which is in the next 1-4 years, so for that you can use your existing investments or take a education loan.

For other goals of Marriage and retirement, you have time and Equity Mutual funds can help accumulate corpus for it.
Invest in a Flexicap, multicap and balance advantage schemes for the next 10-15 years. You can consider PPFAS Flexicap,

Thanks & Regards
Janak Patel
Certified Financial Planner.

Ans: Your discipline and clarity deserve appreciation.
You have built strong foundations early.
Many people reach forty without such assets.
You already reduced major future stress.
That itself gives you an advantage.

» Current Financial Snapshot
– You are 43 years old.
– You work in a private organisation.
– You own your house fully.
– You have no loans.
– This gives financial stability.

– Retirement focused savings already exist.
– Long term instruments form your base.
– Your money is spread across safety products.
– Liquidity is limited but acceptable.
– Growth exposure needs attention.

» Existing Investment Review
– Retirement related savings are meaningful.
– Mandatory savings have helped discipline.
– These instruments protect capital well.
– However growth potential is limited.
– Inflation risk exists over long periods.

– These assets suit long term security.
– They suit retirement stability well.
– They are not designed for high growth.
– Child goals need higher growth.
– Marriage expenses need liquidity planning.

» Child Education Time Horizon
– Your child is in 11th Science.
– Higher education expenses are near.
– Time available is limited.
– Risk capacity is lower here.
– Planning must be conservative.

– Education costs grow faster than inflation.
– Professional courses cost significantly more.
– Overseas options cost even higher.
– Partial funding support is important.
– Loans should be minimised.

» Child Marriage Planning Window
– Marriage expenses are medium term.
– You still have some time.
– Cultural expectations increase costs.
– Planning early reduces stress.
– This goal needs balance.

– Too much risk can hurt plans.
– Too little growth causes shortfall.
– Phased investing works best.
– Gradual shift towards safety helps.
– Liquidity must be ensured.

» Retirement Planning Horizon
– Retirement is long term.
– You have nearly two decades.
– This allows growth oriented approach.
– Inflation is biggest risk here.
– Passive savings alone will not suffice.

– Retirement expenses last many years.
– Healthcare costs rise sharply later.
– Regular income post retirement matters.
– Corpus must be inflation protected.
– Growth assets become essential.

» Understanding Rs 80 Lac Requirement
– Rs 80 Lac is a combined target.
– All goals have different timelines.
– One strategy will not suit all.
– Segmentation is essential.
– This avoids misallocation.

– Education needs immediate planning.
– Marriage needs medium planning.
– Retirement needs long term planning.
– Each goal must be ring-fenced.
– Mixing goals creates confusion.

» Asset Allocation Importance
– Asset allocation drives outcomes.
– Not product selection alone.
– Time horizon decides allocation.
– Risk appetite decides allocation.
– Discipline maintains allocation.

– Safety instruments protect capital.
– Growth instruments fight inflation.
– Balance avoids emotional mistakes.
– Rebalancing keeps strategy aligned.
– This is a continuous process.

» Role Of Equity Exposure
– Equity creates long term wealth.
– Equity is volatile short term.
– Time reduces equity risk.
– Retirement horizon suits equity.
– Education horizon needs limited equity.

– Selective equity exposure is essential.
– Quality matters more than quantity.
– Active management adds value.
– Market cycles require judgment.
– Discipline ensures success.

» Why Not Depend Only On Safe Instruments
– Safe instruments give predictable returns.
– They struggle to beat inflation.
– Purchasing power erodes slowly.
– Long term goals suffer silently.
– Growth becomes insufficient.

– Your current assets are safety heavy.
– Growth allocation needs improvement.
– This change should be gradual.
– Sudden shifts create stress.
– Planned transition works better.

» Education Goal Strategy
– Use conservative growth approach.
– Capital protection is priority.
– Avoid aggressive exposure now.
– Phased investing works best.
– Gradual de-risking is necessary.

– Education funding should be ready.
– Avoid dependency on future income.
– Avoid last minute borrowing.
– Keep funds accessible.
– Liquidity is key.

» Marriage Goal Strategy
– Marriage expenses are emotional.
– Costs are difficult to predict.
– Planning gives confidence.
– Balanced approach is ideal.
– Growth plus safety mix works.

– Start allocating gradually.
– Increase safety closer to event.
– Avoid locking money long term.
– Keep flexibility.
– Avoid speculation.

» Retirement Goal Strategy
– Retirement planning needs growth focus.
– Inflation is the silent enemy.
– Long horizon allows equity.
– Volatility should be accepted.
– Discipline ensures compounding.

– Retirement corpus must grow faster.
– Contributions should increase with income.
– Lifestyle expectations must be realistic.
– Healthcare buffer is essential.
– Regular review is necessary.

» Role Of Active Funds
– Markets do not move uniformly.
– Sectors rotate frequently.
– Index funds stay static.
– They reflect index weaknesses.
– Active funds adapt better.

– Active managers adjust allocations.
– They reduce exposure in weak sectors.
– They increase exposure in growth areas.
– This helps during volatility.
– Especially for long term goals.

» Why Avoid Index Based Approach
– Index funds mirror market direction.
– They cannot protect downside.
– They remain exposed during corrections.
– Investors feel helpless.
– Returns stay average.

– Active strategies aim to outperform.
– They manage risk dynamically.
– They suit Indian market inefficiencies.
– Skilled management adds value.
– This matters over decades.

» Regular Investing Route Benefits
– Regular route offers guidance.
– Behaviour management is critical.
– Panic decisions destroy returns.
– Professional handholding matters.
– Especially during volatile phases.

– Certified Financial Planner helps discipline.
– Goal tracking becomes structured.
– Portfolio review becomes systematic.
– Emotional bias reduces.
– Long term success improves.

» Liquidity Planning
– Emergency funds are essential.
– You currently have limited liquidity.
– One year expenses should be accessible.
– This avoids distress selling.
– It protects long term investments.

– Emergency planning gives peace.
– Unexpected events do not derail plans.
– This should be built gradually.
– Avoid using retirement savings.
– Keep it separate.

» Insurance As Risk Management
– Insurance protects your plan.
– It is not an investment.
– Adequate life cover is essential.
– Health cover avoids financial shock.
– Premiums are necessary expenses.

– Delaying insurance increases risk.
– Medical inflation is severe.
– Employer cover is insufficient.
– Family protection is priority.
– This secures your goals.

» Tax Efficiency Perspective
– Tax planning should support goals.
– Avoid tax driven decisions alone.
– Post tax returns matter.
– Simplicity reduces mistakes.
– Compliance avoids future stress.

– Long term equity taxation is favourable.
– Short term churn increases tax.
– Stability helps efficiency.
– Avoid frequent switching.
– Stay disciplined.

» Monitoring And Review Process
– Plans are not static.
– Life changes require adjustment.
– Income growth allows higher contribution.
– Goals may change.
– Reviews keep relevance.

– Annual review is sufficient.
– Avoid daily market tracking.
– Focus on progress.
– Ignore noise.
– Stick to strategy.

» Behavioural Discipline
– Emotions affect investment outcomes.
– Fear causes premature exit.
– Greed causes overexposure.
– Discipline balances both.
– Guidance helps immensely.

– Long term wealth needs patience.
– Short term market moves mislead.
– Consistency beats timing.
– Process beats prediction.
– Stay calm.

» Aligning Goals With Reality
– Rs 80 Lac goal is achievable.
– Planning must be realistic.
– Income growth will support it.
– Lifestyle control helps savings.
– Early planning reduces pressure.

– You already started well.
– Course correction is timely.
– Delay would increase burden.
– Action now simplifies future.
– Confidence improves.

» Family Communication
– Discuss goals with family.
– Shared understanding reduces conflict.
– Expectations become realistic.
– Decisions gain support.
– Stress reduces significantly.

– Financial planning is family planning.
– Transparency builds trust.
– It improves discipline.
– Everyone works towards goals.
– Harmony improves.

» Risk Capacity Versus Risk Appetite
– Risk capacity is strong for retirement.
– Risk appetite may vary emotionally.
– Planning must respect both.
– Overexposure creates anxiety.
– Underexposure creates regret.

– Balance is the answer.
– Gradual allocation changes work best.
– Avoid extreme decisions.
– Stay flexible.
– Stay focused.

» Final Insights
– You have built a strong base.
– Assets are safe but growth limited.
– Goals need segmented planning.
– Education needs conservative strategy.
– Marriage needs balanced approach.
– Retirement needs growth focus.
– Active management adds value.
– Regular guidance supports discipline.
– Insurance protects the plan.
– Liquidity avoids stress.
– Review keeps alignment.
– Patience creates results.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: do you have a letter of proof on why was the Rs.1100/- remitted, if yes then Approach RBI Banking Ombudsman for stockinvest refund disputes involving Lakshmivilas (now DBS) and CSB, citing 1995 remittance proof.