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Anu

Anu Krishna  |966 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 08, 2022

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
SB Question by SB on Jun 08, 2022Hindi
Relationship

Hi Anu, 10+yrs of marriage with 9yr child. I am working and all financial burden is on me.
I shifted separately from in-laws' house due to financial constraints and expectations.
Though elder-in-law, my in-laws didn't try to stop our decision to move separately despite knowing that my hubby doesn't earn a single penny.
They expected and I had to share financial expenses with my marginal income 10 years ago.
After 5 years, we moved nearby and purchased our own house very little help from in-laws. I took loan and managed the rest with help from my family and friends.
In between a lot happened. My father-in-law expired and my mother-in-law is a cancer patient.
My mother-in-law started expecting from my hubby and me, probably because her younger son shifted with her family.
She didn't want to live with them due to differences with her wife.
She complained to my husband that we are not good enough to take care of her.
I already had a lot of burden from office so I told my husband to take care of our child as well for sometime.
He was quite depressed and frustrated with his inability to earn. Already lot of my hard-earned money has been put in his work n wasted.

Now, the real problem during these difficult times began when we started fighting. I had lot of office stress and after mother in law complained, she shifted with her other son. At times, I got frustrated with my child also due to the whole mess, financial burden.
I felt like all my hard earned money was wasted due to office stress and my hubby's irresponsible behaviour. He did not even take care of my child’s studies.
He started watching porn... I saw him twice and even warned him. My husband started cheating on me with our maid.
He did it when he was stressed because I was not able to give him time. I confronted him and since then it has been an emotional trauma. I am yet to accept it. 9 months have been passed.

We decided on certain things but I couldn’t accept it..
Due to our emotional bond, I gave him another chance... During that time he accepted and was ready to leave everything and wanted me to be happy.
He said he committed a big mistake but recently I found he called that b**ch later.
When I confronted him he said he’d advised not to come home in front of his family members.

I decided it would be best for him to move out and work from another place. My MIL was living with me but then I felt it too much at times.. now somewhat even my child has emotionally detached from him. It’s the same with him as we've been staying separately from 7 months. He visited 3 times during puja and other needs.
I feel emotionally detached and I can’t digest the family situation.

Sometimes I feel it's difficult to find the courage to avoid all and live alone.
What's the point in living in a marriage for sake of it without having any emotional, physical, financial dependency or security?

I am 39 and earn a decent salary at this moment. But I am not sure of my future as I work in a private firm.
I am worried about my child’s education, old age, financial insecurity and burden.
I haven’t been able to save much because of our financial liabilities and husband’s investments in businesses that never materialised.

Before this incident, my husband supported me in my career and also to bring up our child. But what happened is too much and unexpected.
Any suggestions?

Ans:

Dear SB,

You have simply allowed people to feed off your emotions, money and time. You want to continue being nice and do this?

See what you have asked me: What's the point in living in a marriage for sake of it without having any emotional, physical, financial dependency or security?

Haven’t you answered yourself already?

Do you want to carry a baggage on your shoulders that clearly isn’t lightening your burden in anyway?

Drop down your financial commitments and plan as to how you will support yourself and your child with your income.

Also, imagine going through life without your husband and if this feels like stress is leaving you, you know how you can live from hereon.

Sometimes, you need to take hard calls and you deserve to live free and happy only if you choose that.

Be well and happy!

You may like to see similar questions and answers below

Anu

Anu Krishna  |966 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 21, 2022

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Relationship
 Hi Anu Mam, I am married for 4 and half years now and have a 3 YO daughter. It was an arranged marriage and the families were not familiar before.My husband started behaving very rude to me since my delivery. He verbally abused me a lot and finally I felt something was not right and opened up to my parents, that I cannot live with him, after 3 years of the marriage.My parents supported me and took care of my daughter and me for a year, after which my husband's family convinced me to move back in with him. When I came back to him I realised he has been cheating on me with his colleague since before my delivery. When I probed the issue further, without his knowledge, I got to know that he was a polygamous person for 10 years before marriage. And this shook me. I also got to know he is meeting one of his female friends after work hours, lying to me. He used to lie to me that he's going out for work and talk to his other female friend on phone for an hour or so, once every 2-3 days.He watches porn every day.I slowly realised he was just exploiting me for his physical needs.Our relationship turned cold within 3 months of restarting it.I was not happy being with him. I knew he was still cheating me, but he never obliged when I confronted.I could not let him even touch me.Finally, out of his frustration, he physically attacked me in front of our daughter, tried to strangulate my throat, but by god's grace I could save myself.That day, 30th of August 2021, I left that place with my daughter and came back to my parents.I filled a domestic harassment complaint against him, for which we're attending counselling sessions now.I cannot think of a life with him anymore.I have made up my mind to file an FIR against him soon.I must say I'm at peace now.But I still have a lot of anguish whenever those thoughts cross my mind. Is there a way where I can make peace with my past?
Ans:

Dear VT,

Physical abuse is an absolute NO and so is emotional abuse. I am glad that you have decided to end this misery for yourself and your daughter.

Please proceed with the FIR and also seek help on filing divorce if that is something that you have considered.

On the emotional part of it, it will take a toll on you and your health as you are unprepared at this moment. So start by:

1. Visualizing your life without him by your side

2. Working out granular details like finances and where you will live

3. Chalking out a plan of how your daughter will be cared for if you choose to start working

4. Listing down which close family member will be by your side (emotionally) always

As daunting as this may seem, it is possible to be in a space of strength which you already have experienced and move ahead to a better life.

And as you do this, do remember that you are important, so take care of your thoughts and feelings as well.

  • Spend time in Nature observing and appreciating
  • Surround yourself with people and friends who care and love you unconditionally
  • Exercise and eat well
  • Pamper yourself by caring for your physical appearances
  • Do what you love every day at least for 30 minutes

Situations maybe tough to handle but building strength within at the right time is what is the need of the hour.
I wish you the best in life always.

..Read more

Anu

Anu Krishna  |966 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 22, 2022

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Relationship
Hi Anu, I got married in Jan 2019 and it was an arranged marriage. Before marriage my husband loved me and we used to meet often and go out. But after marriage i got to know that his parents are extremely controlling and strict, they brainwashed him. A week into marriage we started fighting, and since then it's been a see-saw of love and hate. Soon we found out that he is impotent, but I helped him get over it, be it doctor's appointments or medicine, I took care of everything, it took us a year but we finally consummated our marriage. Then due to covid we moved to my in-laws’ house at his request. And then this marriage became hell to me, my in-laws started verbally abusing me every day though my husband tried to protect me but failed. I thought after the baby they would stop but it got worse so I took my 1-month-old baby and moved into my parents’ house. My husband came and begged me to not leave him, he said we'll move out to our own place. I agreed but then he called and told me that we'll go to another city after a year and I should stay with my mother till that time. BTW I am taking care of the baby all on my own financially, he won't do it unless I start living with him. I am financially independent. I don't know whether I should leave him or not, help?
Ans:

Dear S,

Time this one out! Which means, drop a deadline by having a conversation with your husband as to when your family will finally have a chance to function independently from in-laws or any other external circumstances.

Dropping deadlines means, both of you will be under the pump to put down a plan as to what needs to be done to clear out the existing muck and how beautifully you will create a loving environment for your baby to grow.

Not taking care of the baby or you, is not an option for him; but I guess it has become a convenient arrangement for him as you live with your parents and he does not need to take care of the fights and expenses as well.

This could only mean he is escaping reality and finding peace in avoiding it. Put him in the face of reality and that goes for you as well.

Being too accommodative can also become a habit where you rely on the comfort of what it brings to you; in this case the comfort at your parents' home.

For the sake of the baby, work together as a team and create a beautiful relationship; which will help the baby grow healthy, physically and emotionally.

All the best!

..Read more

Anu

Anu Krishna  |966 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 22, 2022

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Relationship
I am from Hyderabad. Age 40 years old . My name is XY and I’ve been married for 17 years. I have two boys. Ours is a love marriage.I felt like everything will be good and smooth but right after our elder kid was born my life changed. I am an MBA and several times I told my husband that I’d like to work. He said he’d help when the right time and opportunity comes. Until then I should nurture my kids as it's my responsibility and I should support him. But in the 2015, my kid noticed his chats with another lady. I was shocked because many times he’d refused sex with me. We’d get intimate maybe twice or thrice a year. I thought he was busy or maybe he doesn’t like my body. But when I caught him he said, what is over is over. Don't raise the topic. Leave me. I just kept quiet. He said what ever happened, I will be the same for my kids’ future sake. Many quarrels happened. But in 2020 his behaviour came to light. For example if I said anything, he'd punish me by not speaking to me for months. But he'd want me to wash his clothes and fulfil other necessities at home.Once I opened up and said I want to go for counselling. There he told the doctor, ‘She wants my property but she never allows me to care of my mom. She won't allow me to talk to my friends.’ I was shocked. I told him 'I never asked for money or property. I just want to quit.' I went home and told myself if he repeats this another time I won't take it for granted. But again in the month of February, he continued his behaviour. He shifted to another bedroom for a few months where he’d watch TV and have food. He'd even sleep in the kids’ bedroom. I stopped bothering. At some point, I felt like I deserved someone who trusts me.I want to quit because he thinks I am a loyal maid who will take care of kids and the household. He communicates with like ‘What I should get? Milk veggies etc?’ He never treats me with love and affection. Now everything is spoiled. I want to have a new life. I want to be set free from him. Please suggest what to do.
Ans:

Dear XY,

And may I ask what exactly are you waiting for?

Why did you think that by you going for counselling, your husband will change his behaviour towards you?

How is that he cheats on you and still you allow him to treat you this way?

This only shows that you have lost your strength which you need most right now.

What if you were a strong independent woman who has been working?

Would you still subject yourself to this? You know the answer!

Bring back that woman who had dreams, who knew how to walk the path, who knew how a man should treat her, who knew what a marriage really is.

Can you do this?

Your kids need their mother to stand up for herself and do the right thing.

Be the woman who will not settle for anything that disrespects a woman or another human.

Seeing this, they will also know how to treat a woman and what a woman can bring into their lives.

Do the right thing, for yourself and them. Bring back that strong, independent woman who knew this and more.

Best wishes!

..Read more

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Ravi

Ravi Mittal  |226 Answers  |Ask -

Dating, Relationships Expert - Answered on Jun 18, 2024

Asked by Anonymous - Jun 17, 2024Hindi
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Relationship
Hey love Gurus I am 24 year old male. Well educated and decent looking. But i have never had a girlfriend not had i ever kissed a girl. I have also never bothered much on this until my 20 year of age. But now for past year or 2 it has started haunting me a bit because I am scared of what would happen when i get married. I don't have any sort of experience and this scares me. I know it's too early to think of marriage but still I feel low when this topic comes to my mind. Please guide me. I really need a good advice Is it that I am thinking too much?
Ans: Dear Anonymous,

It's totally normal to feel anxious about the future and any relationship to come your way in the future. Here are some advice-

• Be kind to yourself. You are not alone in this. Not everyone moves at the same pace. Some start dating early, some start late. Some have more experience than others. But everyone has to face firsts. While it is natural to feel anxious, with the right partner and at the right timeline, things often tend to work out better than we imagine.
• Focus on building confidence. You are more than your dating experience. Pursue a hobby, socialize, work on developing new skills, work to improve your body and mind. Everything in turn will increase your confidence level.
• Educate yourself. You can read books on anxiety or if you have a clear idea of what about a relationship or what about marriage is making you conscious, you can educate yourself on that part. What is known to us, rarely makes us feel anxious. We mostly fear the unknown.
• For your future first relationship- take it slow. Communicate. What you are comfortable with, what you aren't, communicate everything.
• If your anxiety is interfering with your day-to-day activity, I recommend seeing a professional. It's still early and nipped in the bud, this anxiety will lead to nothing serious. But if you let it take root, it might be more difficult to manage.

Understand that it is okay where you are. Also, as you mentioned, you are too young to worry about it. But since you are already worrying, I am glad that you seeked help.

Best Wishes.

...Read more

Ramalingam

Ramalingam Kalirajan  |3811 Answers  |Ask -

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

Asked by Anonymous - Jun 18, 2024Hindi
Money
I am 41 years old with a wife and a daughter. I am investing 1.75 Lacs per month in MF SIP and current value stands at 1 Carore 75 lacs. I have two properties with value of 40 lacs and 80 lacs each. My current salary is 10 lacs a month and my expenses including rent, schooling etc are atound 4 lacs a month. I am based outside India. Nature of my job in the oil and sector is valatile and i have never talen a loan for the same reason. I have at least couple of years work left in the current contract and I will either move to a new country or come back to Mumbai and will try to find a job afterwards, most likely with very less salary compare to my current salary. I would like your advise on my further strategy regarding eventual retirementetc. , my daughter is 7 and my parents back in India are dependent on me. Best Regards
Ans: Strategic Financial Planning for a Secure Future
You have demonstrated a strong financial foundation. Your disciplined approach to investments, combined with prudent financial management, reflects commendable foresight. Let's explore a comprehensive strategy that aligns with your goals and current circumstances.

Current Financial Landscape
You have a solid base with an impressive SIP portfolio worth Rs 1.75 crore. Regular investments of Rs 1.75 lakh per month further strengthen your financial position. Additionally, your properties valued at Rs 40 lakh and Rs 80 lakh add significant assets to your net worth.

Earning Rs 10 lakh monthly provides a robust cash flow. With expenses around Rs 4 lakh, you maintain a substantial savings rate. Your approach to avoiding loans in a volatile job market is wise and reflects sound financial judgment.

Family and Responsibilities
Your family's well-being is paramount. With a 7-year-old daughter and parents depending on you, your financial planning must prioritize their security and future needs. Balancing your family's current needs with long-term goals requires thoughtful consideration and careful planning.

Retirement Planning
Assessing Retirement Goals

Retirement planning begins with envisioning your post-retirement life. Consider your desired lifestyle, potential relocation to Mumbai, and a likely reduction in income. Estimating future expenses, including healthcare and lifestyle changes, is crucial.

Building a Retirement Corpus

Given the volatility of your industry and potential income reduction, diversifying your investments is key. Your current SIP in mutual funds is a strong foundation. Increasing this allocation gradually will enhance your retirement corpus.

Exploring Actively Managed Funds

While index funds are popular, actively managed funds may better suit your needs. These funds, managed by experts, aim to outperform the market. They adapt to changing economic conditions, potentially offering higher returns than index funds. Consult a Certified Financial Planner (CFP) to identify funds that align with your risk profile and financial goals.

Regular Investment through MFDs

Investing in regular funds through a Mutual Fund Distributor (MFD) with a CFP credential offers several advantages. MFDs provide valuable insights and personalized advice, aligning investments with your long-term goals. They offer ongoing support and help navigate market fluctuations, ensuring your investment strategy remains robust.

Education Planning for Your Daughter
Estimating Education Costs

With your daughter being 7 years old, planning for her education is essential. Education costs are rising, and preparing for her future expenses, including higher education, is crucial.

Investment Options for Education

Consider dedicated child education funds. These funds are structured to align with educational milestones, offering potential growth tailored to meet future needs. They provide a disciplined approach to saving for your child's education, ensuring funds are available when required.

Systematic Investment Planning

Continue your SIP approach for her education. Set up a separate SIP with a long-term horizon, specifically aimed at her education expenses. This will ensure a steady accumulation of funds, leveraging the power of compounding over time.

Contingency Planning
Building an Emergency Fund

An emergency fund is vital, especially considering the volatility of your job sector. Aim to set aside 6-12 months' worth of living expenses. This buffer provides financial security during unexpected events or job transitions.

Health and Life Insurance

Evaluate your health and life insurance coverage. Adequate insurance ensures financial stability for your family in case of unforeseen circumstances. Given your overseas residence, consider international health coverage options for comprehensive protection.

Managing Dependents' Needs
Financial Support for Parents

Supporting your parents is a noble responsibility. Ensure a steady flow of funds for their needs without compromising your financial goals. Evaluate their medical needs and secure appropriate health insurance for them if not already done.

Estate Planning

Plan for the future by creating a will and ensuring proper estate planning. This guarantees a smooth transfer of assets and reduces legal complexities for your family. Engage a legal expert to draft a will that aligns with your wishes and protects your family's interests.

Navigating Career Transitions
Financial Preparation for Job Changes

Prepare financially for potential career transitions. Save and invest with an eye on the future, ensuring a financial cushion during periods of lower income. Diversifying your income streams and exploring freelance or part-time opportunities can provide additional stability.

Skill Development and Networking

Invest in upskilling and professional development to enhance your employability. Building a strong professional network can open doors to new opportunities. Staying updated with industry trends ensures you remain competitive in the job market.

Strategic Investment Approach
Diversification

Diversification reduces risk by spreading investments across various asset classes. Your current portfolio is heavily weighted in mutual funds and real estate. Consider adding other asset classes, such as bonds or international funds, to balance risk and returns.

Periodic Review and Rebalancing

Regularly review and rebalance your portfolio to align with your changing financial goals and market conditions. A CFP can assist in evaluating your portfolio's performance and making necessary adjustments.

Avoiding Direct and Index Funds

Direct funds might appear cost-effective due to lower fees, but they require active management and market knowledge. Actively managed regular funds, despite higher fees, offer professional expertise and strategic oversight. They adapt to market changes and aim to deliver better returns, justifying the additional cost.

Planning for Relocation
Financial Considerations for Moving

Relocating to a new country or returning to Mumbai involves significant financial planning. Assess the cost of living, housing, and potential income changes. Create a relocation budget to cover moving expenses and initial setup costs.

Evaluating Local Investment Opportunities

Understand the financial landscape of your new location. Explore local investment opportunities and adapt your investment strategy to align with the local economy and market conditions. Consult a CFP familiar with international financial planning to navigate these changes effectively.

Tax Planning and Compliance
International Tax Considerations

As an expatriate, understand the tax implications of your investments and income in both your current country and India. Stay compliant with tax regulations in both jurisdictions to avoid legal complications.

Optimizing Tax Efficiency

Explore tax-saving investment options available to NRIs. Strategic investment planning can minimize tax liabilities and maximize returns. A CFP can provide guidance on optimizing your tax strategy based on your unique situation.

Long-Term Wealth Accumulation
Leveraging Compound Growth

Continue leveraging the power of compounding through your SIPs. Long-term, disciplined investing in mutual funds builds substantial wealth over time. Focus on maintaining regular investments and increasing contributions as your financial situation allows.

Exploring High-Growth Opportunities

Consider allocating a portion of your portfolio to high-growth opportunities. Equity mutual funds and sector-specific funds can offer higher returns, aligning with your long-term growth objectives. Balance these with more stable investments to manage risk effectively.

Final Insights
Your financial journey is commendable. You have laid a strong foundation through disciplined investing and prudent financial management. As you navigate the complexities of career transitions, family responsibilities, and future planning, maintaining a strategic and diversified approach is crucial.

Continue your SIPs, diversify your portfolio, and prioritize long-term goals. Regularly review your financial plan with a Certified Financial Planner (CFP) to ensure it aligns with your evolving needs. Your dedication to financial security and growth will ensure a prosperous future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |3811 Answers  |Ask -

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

Asked by Anonymous - Jun 18, 2024Hindi
Money
Hi, Am 50 yrs old and my wife is 49..we both earn around 4.80 lacs p.a. We have invested around 1 Cr in MF, 1.5 Cr in FDs, 2 investment properties worth 2 Cr, 50 lacs in Equity shares, 50 lacs in ULIPs and 1 Cr in PF. Our estimated requirements are around 1.5 Cr in kids education, 50 lacs in kids marriages and monthly income of around 2 lacs after we leave jobs in another 2 yrs..pls suggest a suitable plan.
Ans: Setting the Stage for Your Comprehensive Financial Plan

At 50 years old, you and your wife have done exceptionally well in building a diverse and robust portfolio. With a combined annual income of Rs 9.6 lakhs, you have substantial investments across mutual funds, fixed deposits, equities, ULIPs, provident funds, and real estate. You’ve built a strong financial foundation, with investments totalling over Rs 6 crore. Now, as you approach retirement and have specific goals for your children’s education and marriage, it’s crucial to refine your strategy for the next phase of your financial journey.

Assessing Your Current Financial Position

Your investment portfolio is impressive and well-diversified, reflecting a careful approach to wealth building.

Breakdown of Your Investments:
Mutual Funds: Rs 1 crore
Fixed Deposits (FDs): Rs 1.5 crore
Investment Properties: Rs 2 crore
Equity Shares: Rs 50 lakhs
Unit-Linked Insurance Plans (ULIPs): Rs 50 lakhs
Provident Fund (PF): Rs 1 crore
Your asset allocation spans across different classes, offering a mix of growth and stability. This is a commendable strategy, balancing risk and return.

Evaluating Your Financial Goals

You have set clear financial goals:

Children’s Education: Rs 1.5 crore
Children’s Marriages: Rs 50 lakhs
Post-Retirement Monthly Income: Rs 2 lakhs
Prioritizing and Planning for Education and Marriage
Funding your children’s education and marriages is a top priority. Setting aside Rs 1.5 crore for education and Rs 50 lakhs for marriage expenses requires careful planning.

Children’s Education: The cost of education is substantial and increasing. Allocating Rs 1.5 crore ensures your children have the best opportunities. Given the time frame, a combination of safe and growth-oriented investments is ideal.

Children’s Marriages: Setting aside Rs 50 lakhs for marriages provides for significant expenses without strain.

Planning for Retirement Income

You aim to retire in 2 years and require Rs 2 lakhs monthly to maintain your lifestyle.

Assessing Current and Future Needs
Given your extensive assets, you are well-positioned to generate this income. Evaluating your current income streams and potential returns is essential.

Strategies for Generating Monthly Income
Fixed Deposits (FDs): With Rs 1.5 crore in FDs, you have a source of stable, albeit lower, returns. Consider shifting some funds to higher-yield options for better returns while maintaining liquidity.

Mutual Funds: Rs 1 crore in mutual funds offers growth potential. Actively managed funds can outperform and help achieve higher returns. Aligning these funds with your risk tolerance and income needs will maximize benefits.

Equity Shares: Rs 50 lakhs in equity shares provide significant growth potential. Equities, though volatile, can generate high returns over time. A well-managed portfolio with regular reviews is key.

Provident Fund (PF): Your Rs 1 crore in PF is a reliable source for post-retirement income. It offers safety and consistent returns. Ensuring optimal use of this fund will support long-term financial stability.

Unit-Linked Insurance Plans (ULIPs): Rs 50 lakhs in ULIPs mix insurance and investment. Evaluating the performance and cost of these plans is crucial.

Refining Your Investment Strategy

Optimizing your current investments is vital for meeting your goals. Here’s how to fine-tune your strategy:

Rebalancing Your Portfolio
Regularly rebalance your portfolio to align with your changing risk appetite and financial goals.

Equity Allocation: Given your retirement proximity, a conservative approach is advisable. However, retaining some equity exposure is important for growth.

Debt Allocation: Increase your debt investment to secure stable, lower-risk returns. This can be achieved through debt mutual funds or safe instruments like FDs and PF.

Mutual Funds: Focus on actively managed funds. These funds, driven by skilled managers, have the potential to outperform. Direct funds lack professional guidance and may not meet your expectations.

Ensuring Liquidity and Emergency Fund

Having liquid assets and an emergency fund is essential, especially as you near retirement.

Liquidity Management
Ensure a portion of your assets are in liquid forms. This provides flexibility to meet immediate needs or take advantage of investment opportunities.

Emergency Fund
Maintain an emergency fund covering 6-12 months of expenses. This safeguards against unexpected events without disrupting your investment strategy.

Tax Efficiency in Retirement Planning

Tax-efficient strategies can enhance your post-retirement income. Here are ways to optimize your tax liability:

Maximizing Tax Benefits
Utilize all available tax exemptions and deductions. Investments in tax-saving instruments under Section 80C, 80D, and others can reduce your taxable income.

Tax-Efficient Withdrawals
Plan your withdrawals to minimize tax impact. Structured withdrawals from PF, ULIPs, and capital gains on mutual funds and equities can lower your tax burden.

Reviewing Insurance and ULIPs

Your ULIPs mix insurance with investments. Given the costs and returns, evaluate if they still serve your needs.

Evaluating ULIPs
ULIPs often come with high charges and lower returns compared to mutual funds. Assess the performance and consider redeeming if they underperform.

Insurance Needs
Ensure adequate life and health insurance coverage. As your financial situation evolves, adjust your coverage to protect against unforeseen risks.

Strategizing for Your Investment Properties

Your investment properties are valuable assets but are less liquid.

Managing Investment Properties
Real estate provides rental income and capital appreciation but lacks liquidity. Consider the role these properties play in your overall strategy. Focus on maintaining them or plan for eventual liquidation if needed.

Rental Income
Leverage rental income to support your retirement. It provides a steady cash flow to meet your monthly expenses.

Creating a Sustainable Withdrawal Strategy

A sustainable withdrawal strategy ensures your funds last throughout your retirement.

Safe Withdrawal Rate
Adopt a withdrawal rate that balances longevity and income needs. A common approach is the 4% rule, but customize it based on your specific requirements.

Structured Withdrawals
Plan withdrawals from different asset classes to maintain a balance between growth and security. Start with lower-risk assets and gradually tap into higher-risk investments.

Regular Reviews and Professional Guidance

Regularly reviewing your financial plan ensures it remains aligned with your goals.

Annual Financial Reviews
Conduct annual reviews of your portfolio. This keeps your investments aligned with your evolving financial needs and market conditions.

Certified Financial Planner (CFP) Guidance
Consulting a CFP provides professional insights tailored to your situation. They help optimize your strategy, address complex issues, and ensure long-term success.

Final Insights

You have built a strong financial base with diverse investments. As you prepare for retirement, refining your strategy is essential to meet your specific goals for education, marriage, and monthly income.

Continue leveraging your assets effectively. Focus on optimizing your portfolio, maintaining liquidity, and planning tax-efficient withdrawals. Your disciplined approach and clear objectives will guide you towards a secure and fulfilling retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...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.

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