Hi Anu, After 17 years of married life, suddenly my wife has started behaving strangely.
She used to be very loving member of the family.
All of a sudden she has had major fights with her nieces whom she has virtually raised, with her bhabhi and now with my parents.
All within a span of two-three months.
With me also she has become aloof and disinterested.
She is so sensitive to any form of conversation, that I or anyone else have to walk on eggshells.
What do I do? How do I recover our marriage?

Ans: You have shown courage by asking the right question.
Many seniors suffer silently with unsuitable policies.
Your concern about living benefits is very valid.
Your age makes clarity extremely important now.

» Your current life stage reality
– You are 62 years old.
– You are in active retirement planning phase.
– Capital protection matters more than growth.

– Cash flow comfort is critical.
– Stress-free income is more important than returns.
– Long lock-ins create anxiety now.

» Understanding the type of policies you bought
– These are investment-cum-insurance policies.
– They mix protection and investment together.

– Such products are complex by design.
– Benefits are spread over long durations.

– Charges are high in early years.
– Liquidity remains very limited initially.

» Core issue with such policies at your age
– These policies suit younger earners better.
– They need long holding periods.

– At 62, time horizon is shorter.
– You need access to money now.

– Premium commitment becomes stressful.
– Returns remain unclear for many years.

» Focus on your stated need
– You want benefits while alive.
– You want income and flexibility.

– You do not want confusion.
– You want transparency.

– This is absolutely reasonable.

» Reality check on living benefits
– Living benefits are slow in such policies.
– Early years give very little value.

– Most benefits come much later.
– This delays usefulness.

– Income promises are often misunderstood.
– Actual cash flow is usually low.

» Why agents fail to give clarity
– Products are difficult to explain honestly.
– Commissions are front-loaded.

– Explanations focus on maturity numbers.
– Risks and lock-ins get downplayed.

– This creates disappointment later.

» Premium stress is a clear warning sign
– Difficulty paying premium is serious.
– It should never be ignored.

– Forced continuation hurts retirement peace.
– This signals mismatch with your needs.

» Can such policies be closed
– Yes, they can be exited.
– Exit terms depend on policy status.

– Minimum holding period usually applies.
– After that, surrender becomes possible.

– You may receive surrender value.
– This value is often lower initially.

» Emotional barrier around surrender
– Many seniors fear losing money.
– This fear delays correct decisions.

– Continuing wrong products increases loss.
– Early correction reduces damage.

» Assessment of continuing versus exiting
– Continuing means more premium burden.
– Returns remain uncertain.

– Liquidity stays restricted.
– Stress continues every year.

– Exiting stops further premium drain.
– Money becomes usable elsewhere.

» Income needs in retirement
– Retirement needs predictable cash flow.
– Expenses do not wait for maturity.

– Medical costs rise unexpectedly.
– Family support needs flexibility.

– Locked products reduce confidence.

» Insurance versus investment separation
– Insurance should protect, not invest.
– Investment should grow or give income.

– Mixing both causes confusion.
– Separation improves clarity.

» What a Certified Financial Planner would assess
– Your regular expenses.
– Your emergency fund adequacy.

– Your health cover sufficiency.
– Your existing liquid assets.

– Your comfort with volatility.

» Action regarding investment-cum-insurance policies
– These policies are not ideal now.
– They strain cash flow.

– They do not give immediate income.
– They reduce flexibility.

– Surrender should be seriously considered.

» How to approach surrender decision calmly
– First, ask for surrender value statement.
– Ask insurer directly, not agents.

– Request written breakup.
– Include all charges.

– Compare future premiums versus surrender value.

» Important surrender-related points
– Surrender value may seem low.
– This is common in early years.

– Focus on future peace, not past loss.
– Stop throwing good money after bad.

» Tax aspect awareness
– Surrender proceeds may have tax impact.
– This depends on policy structure.

– Get clarity before final action.
– Plan withdrawal carefully.

» What to do after surrender
– Do not keep money idle.
– Reinvest based on retirement needs.

– Focus on income generation.
– Focus on capital safety.

» Suitable investment approach after exit
– Use diversified mutual fund solutions.
– Choose conservative to balanced options.

– Prefer actively managed funds.
– They adjust during market changes.

» Why index funds are unsuitable here
– Index funds mirror full market falls.
– No downside protection exists.

– Volatility can disturb sleep.
– Recovery may take time.

– Active funds aim to reduce damage.
– This suits senior investors better.

» Why regular mutual fund route helps
– Guidance is crucial at this age.
– Behaviour control matters.

– Regular reviews prevent mistakes.
– Certified Financial Planner support adds confidence.

– Cost difference is worth guidance.

» Income planning without annuities
– Avoid irreversible income products.
– Keep flexibility alive.

– Use systematic withdrawal approaches.
– Control amount and timing.

» Liquidity planning importance
– Keep enough money accessible.
– Emergencies do not announce arrival.

– Liquidity gives mental comfort.
– Avoid forced asset sales.

» Health expense preparedness
– Health costs rise sharply after sixty.
– Inflation is brutal here.

– Keep separate health contingency fund.
– Do not depend on policy maturity.

» Estate and family clarity
– Ensure nominees are updated.
– Write a clear Will.

– Avoid confusion for family.
– Simplicity matters now.

» Psychological peace as a goal
– Retirement planning is emotional.
– Stress harms health.

– Financial clarity improves wellbeing.
– Confidence comes from control.

» Red flags you should never ignore
– Premium pressure.
– Unclear benefits.

– Long lock-in periods.
– Agent-driven explanations only.

» What you should do immediately
– Ask insurer for surrender details.
– Evaluate calmly with numbers.

– Stop listening only to agents.
– Seek unbiased planning view.

» What not to do
– Do not continue blindly.
– Do not stop premiums without clarity.

– Do not delay decision endlessly.
– Delay increases loss.

» Your age-specific investment mindset
– Growth is secondary now.
– Stability is primary.

– Income visibility is essential.
– Liquidity is non-negotiable.

» Emotional reassurance
– You are not alone.
– Many seniors face similar issues.

– Correcting course is strength.
– It is never too late.

» Final Insights
– These policies are not aligned now.
– Premium stress confirms mismatch.

– Surrender option should be explored seriously.
– Protect peace over promises.

– Shift towards flexible, transparent investments.
– Focus on living benefits and comfort.

– Simplicity will serve you best now.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: You have taken a sensible start with disciplined savings.
Owning a house without loans is a strong advantage.
Starting early retirement assets shows responsibility.
Your goals are clear and time is still supportive.

» Life stage and responsibility review
– You are 43 years old and employed.
– Your income phase is still growing.
– Your child is in 11th Science.

– Education expenses will start very soon.
– Marriage goals are medium-term.
– Retirement is long-term but critical.

– This stage needs balance, not extremes.
– Growth and safety both are required.

» Current asset structure understanding
– Retirement-linked savings already exist.
– These assets give long-term discipline.

– Provident savings form a stable base.
– Pension-oriented savings add future comfort.

– Public savings give safety and tax efficiency.
– Fixed deposits give short-term liquidity.

– Overall structure is conservative currently.
– Growth assets need gradual strengthening.

» Liquidity and emergency readiness
– Fixed deposits cover immediate needs.
– Emergency risk appears controlled.

– Maintain at least six months expenses.
– This avoids forced investment exits.

– Do not reduce liquidity for long-term goals.

» Education goal time horizon assessment
– Child education starts within few years.
– Expenses will rise sharply during graduation.

– Foreign education may increase cost further.
– This goal needs partial safety focus.

– Avoid market-linked volatility for near-term needs.

» Marriage goal perspective
– Marriage goal is emotional and financial.
– Expenses usually occur after education.

– This allows moderate growth approach.
– Capital protection remains important.

» Retirement goal clarity
– Retirement is still twenty years away.
– Time is your biggest strength.

– Small discipline now creates big comfort later.
– Growth assets must play a key role.

» Gap understanding for Rs. 80 lacs goal
– Your current assets are lower than required.
– This gap is normal at this age.

– Regular investing will bridge the gap.
– Lump sum expectations should be realistic.

– Salary growth will support higher investments later.

» Income utilisation approach
– Salary should fund regular investments.
– Annual increments should raise contributions.

– Bonuses should be goal-based.
– Avoid lifestyle inflation.

» Asset allocation strategy direction
– Future investments must be diversified.
– Do not depend on one asset type.

– Growth-oriented funds suit long-term goals.
– Stable funds suit near-term needs.

– Balance reduces stress during volatility.

» Mutual fund role in your plan
– Mutual funds allow disciplined participation.
– They reduce direct market timing risk.

– Professional management adds value.
– Diversification improves consistency.

– They suit education and retirement goals.

» Why actively managed funds matter
– Markets are volatile and emotional.
– Index funds follow markets blindly.

– Index funds fall fully during downturns.
– There is no downside protection.

– Actively managed funds adjust exposure.
– Fund managers reduce risk during stress.

– They aim to protect capital better.
– This suits family goals.

» Regular investing discipline
– Monthly investing builds habit.
– Market ups and downs get averaged.

– This reduces regret and fear.
– Discipline matters more than timing.

» Direct versus regular fund clarity
– Direct funds need strong self-discipline.
– Monitoring becomes your responsibility.

– Wrong decisions hurt long-term goals.
– Emotional exits are common.

– Regular funds provide guidance.
– Certified Financial Planner support adds value.

– Behaviour control protects returns.

» Tax awareness for mutual funds
– Equity mutual fund long-term gains face tax.
– Gains above Rs. 1.25 lakh are taxed.

– Tax rate is 12.5 percent.
– Short-term equity gains face 20 percent tax.

– Debt fund gains follow slab rates.

– Tax planning must align with withdrawals.

» Education funding investment approach
– Use stable and balanced funds.
– Avoid aggressive exposure close to need.

– Gradually reduce risk as goal nears.
– Protect capital before usage.

» Marriage funding approach
– Balanced growth approach is suitable.
– Do not chase high returns.

– Ensure funds are available on time.

» Retirement funding approach
– Long-term horizon allows growth focus.
– Equity-oriented funds are essential.

– Volatility is acceptable now.
– Time smoothens risk.

» Review of existing retirement assets
– Provident savings ensure base security.
– Pension savings add longevity support.

– These assets should remain untouched.
– They form your safety net.

» Inflation impact awareness
– Education inflation is very high.
– Medical inflation rises faster.

– Retirement expenses increase steadily.
– Growth assets fight inflation.

» Insurance protection check
– Ensure adequate life cover.
– Family must remain protected.

– Health cover must be sufficient.
– Medical costs can derail plans.

» Estate and nomination hygiene
– Ensure nominations are updated.
– Family clarity avoids future stress.

– Consider writing a Will.
– This ensures smooth asset transfer.

» Behavioural discipline importance
– Market noise creates confusion.
– Stick to your plan.

– Avoid frequent changes.
– Consistency brings results.

» Review and tracking rhythm
– Review investments once a year.
– Avoid daily monitoring.

– Adjust based on life changes.
– Keep goals priority-based.

» Risk capacity versus risk tolerance
– Your risk capacity is moderate.
– Your responsibilities are high.

– Avoid extreme strategies.
– Balance comfort and growth.

» Psychological comfort in planning
– Your base is already strong.
– Time supports your goals.

– Discipline will do the heavy work.
– Panic is your biggest enemy.

» Finally
– Yes, achieving Rs. 80 lacs is possible.
– Time and discipline are in your favour.

– Start structured investing immediately.
– Increase contributions with income growth.

– Keep goals separated mentally.
– Stay invested during volatility.

– Your journey looks stable and hopeful.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: You have built strong assets with discipline and patience.
Your financial journey shows clarity, courage, and long-term thinking.
Despite job loss, stability is well protected.
Your family position is better than most Indian households.

» Current life stage understanding
– You are 50 years old with working spouse.
– One child pursuing overseas education.
– You are semi-employed through your own business.
– Your wife has strong income visibility.
– This phase needs protection, not aggressive risk.

– Cash flow control matters more than returns now.
– Liquidity planning is extremely important.
– Emotional decisions must be avoided.

» Employment transition and business assessment
– Job loss was sudden but handled calmly.
– Starting your company shows confidence and skill.
– Initial investment of Rs. 2.50 lacs is reasonable.
– Zero loss position is a good sign.

– No salary draw reduces pressure on business.
– Planned Rs. 1 lac monthly draw is sensible.
– This keeps household stability intact.
– Business income should be treated as variable.

– Do not overestimate future business income.
– Use it only as a support pillar.

» Family income stability review
– Wife earning Rs. 50 lacs annually is a major strength.
– Her income anchors your retirement plan.
– Employment till 2037 gives long runway.

– Her savings discipline looks excellent.
– Large retirement corpus already exists.
– This reduces pressure on your assets.

– You should align plans jointly.
– Retirement must be treated as family goal.

» Asset allocation snapshot assessment
– You hold assets across cash, debt, equity, and retirement buckets.
– Diversification already exists.
– That shows mature planning habits.

– Savings and FDs give immediate liquidity.
– NSC gives defined maturity comfort.
– Equity exposure is meaningful.
– Retirement accounts are strong.

– Real estate is end-use, not investment.
– Rental income adds safety.

» Savings accounts and FDs analysis
– Rs. 30 lacs in savings and FDs offer flexibility.
– Wife holding Rs. 40 lacs adds cushion.

– This covers emergencies and education gaps.
– Liquidity is sufficient for next three years.

– Avoid keeping excess idle cash long-term.
– Inflation quietly erodes value.

– Use this bucket for planned withdrawals.

» NSC maturity planning
– Rs. 20 lacs maturing in 2030 is well timed.
– This aligns with education loan closure.

– This can be earmarked for debt repayment.
– Do not link this to retirement spending.

– It gives psychological comfort.

» Mutual fund exposure review
– Existing mutual fund holding is small.
– Rs. 9 lacs needs scaling gradually.

– Your plan to shift equity into funds is wise.
– This improves risk management.

– Mutual funds suit retirement phase better.
– They provide professional management.

– Avoid sudden large transfers.
– Phased movement reduces timing risk.

» Direct equity exposure evaluation
– Rs. 45 lacs in equity needs careful handling.
– Market volatility can hurt emotions.

– Concentration risk exists in direct equity.
– Monitoring requires time and skill.

– Gradual exit is sensible.
– Move funds into diversified mutual funds.

– Avoid panic selling.
– Use market strength periods for exits.

» Retirement accounts strength review
– Combined PF, PPF, and NPS is very strong.
– Your Rs. 75 lacs is meaningful.
– Wife’s Rs. 1.20 Cr is excellent.

– These assets ensure base retirement security.
– They protect longevity risk.

– Do not disturb these accounts prematurely.
– Let compounding continue.

» Real estate role clarity
– Two properties worth Rs. 5 Cr add net worth comfort.
– One property gives Rs. 66k monthly rent.

– Rental income supports expenses partially.
– This reduces portfolio withdrawal stress.

– Do not consider new property investments.
– Focus on financial assets.

» Insurance maturity inflows assessment
– Expected Rs. 2.50 Cr over 15 years is valuable.
– This gives future liquidity.

– These inflows should not be spent casually.
– They must be reinvested wisely.

– Align maturity money with retirement phase.

» Expense structure evaluation
– Monthly expense of Rs. 4.50 lacs is high.
– This includes many essential heads.

– Education, rent, insurance, travel are significant.
– EMI burden is temporary.

– Expenses will reduce after 2027.
– That improves retirement readiness.

» Car loan review
– EMI of Rs. 40,000 till March 2027 is manageable.
– This is already included in expenses.

– No action required here.
– Avoid new vehicle loans.

» Education loan strategy
– Education loan balance of Rs. 80 lacs is large.
– Overseas education requires careful funding.

– Planned additional Rs. 40 lacs till 2027 is realistic.
– Do not compromise retirement assets for education.

– Target full closure by 2030 is practical.
– Use NSC maturity and surplus income.

– Avoid using retirement accounts for repayment.

» Cash flow alignment till 2027
– Wife’s income covers majority expenses.
– Rental income adds support.

– Business draw of Rs. 1 lac helps.
– Savings bridge shortfalls.

– Cash flow mismatch risk is low.

» Retirement readiness assessment
– Combined family net worth is strong.
– Retirement corpus foundation is already built.

– Major expenses peak before 2027.
– After that, burden reduces.

– Wife working till 2037 adds security.
– This delays retirement withdrawals.

» Post-2037 retirement picture
– After wife retires, expenses will drop.
– No education costs.
– No major EMIs.

– Medical costs will rise gradually.
– Planning buffers already exist.

– Rental income continues.

» Mutual fund strategy for future
– Shift equity proceeds into diversified mutual funds.
– Use a mix of growth-oriented and balanced approaches.

– Avoid index-based investing.
– Index funds lack downside protection.

– They move fully with markets.
– No human judgement is applied.

– Actively managed funds adjust allocations.
– They protect better during volatility.

– Skilled managers add value over cycles.

» Direct funds versus regular funds clarity
– Regular funds offer guidance and discipline.
– Ongoing review is critical at this stage.

– Direct funds require self-monitoring.
– Errors can be costly near retirement.

– Behaviour management matters more than cost.
– Professional handholding reduces mistakes.

– Use mutual fund distributors with CFP credentials.

» Tax awareness on mutual funds
– Equity mutual fund LTCG above Rs. 1.25 lakh is taxed.
– Tax rate is 12.5 percent.

– Short-term equity gains face 20 percent tax.
– Debt mutual fund gains follow slab rates.

– Plan withdrawals tax efficiently.
– Do not churn unnecessarily.

» Withdrawal sequencing in retirement
– Start withdrawals from surplus funds first.
– Use rental income for regular expenses.

– Keep retirement accounts untouched initially.
– Delay withdrawals improves longevity.

– Insurance maturity inflows can fund later years.

» Medical and health planning
– Medical inflation is a major risk.
– Ensure adequate health cover.

– Review coverage every three years.
– Build separate medical contingency fund.

– Avoid dipping into equity during emergencies.

» Estate and succession clarity
– Assets are large and diverse.
– Proper nominations are critical.

– Draft a clear Will.
– Review beneficiaries periodically.

– Avoid family disputes later.

» Psychological comfort and risk control
– You are financially strong.
– Avoid fear-driven decisions.

– Avoid chasing returns.
– Stability matters more now.

– Keep plans simple and review yearly.

» Finally
– Yes, your assets are sufficient for retirement.
– Discipline must continue.

– Control expenses during transition years.
– Avoid large lifestyle upgrades.

– Focus on asset allocation, not market timing.
– Your retirement future looks secure.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

Ans: There are no major issues. Please fill out the NEET application form exactly as per your Class 10 marksheet, and ensure that the supporting documents are consistent during verification. In due course, if possible, make the name correction on the Aadhar card.

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

Ans: You have already appeared for and passed the Class 12 examination in 2025. As per the eligibility criteria, only two consecutive attempts for JEE (Advanced) are permitted—the first in 2025 and the second in 2026. Therefore, you will not be eligible to appear for JEE (Advanced) in 2027. Reappearing for Class 12 does not reset or extend JEE (Advanced) eligibility.

However, you can still achieve your goal of studying at an IIT through an alternative and well-established pathway. You may take admission to an undergraduate engineering program of your choice, appear for the GATE examination in your final year, and secure a qualifying score to gain admission to a postgraduate program at a top IIT.

This is a strong and viable route to IIT. At this stage, it would be advisable to move forward by enrolling in an engineering program rather than focusing again on Class 12, JEE Main, or JEE Advanced.

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

Ans: simply approach your broker and ask for DRF (dematerialization request form) fill in the same and attached the physical certificate with it, your broker would help you send it to RTA and complete the dmat process.

Ans: Hi,

You can easily achieve your goal of 2.5 crores after 10 years. Your current investment value of 82 lakhs alone can grow to 2.5 crores assuming CAGR of 12% and monthly 50k SIP will give additional 1.1 crores, making a total corpus of 3.6 crores at 58.

But I see a problem with your current allocation. The fund selection is more aligned towards small caps of different AMCs and very concentrated and overlapped portfolio.
You need to diversify it so as to secure your current investment while getting a decent CAGR of 12% over next 10 years.
Focus on changing your current funds to large caps and BAFs and flexicaps and avoid sectoral funds.

You can also work with an advisor to get detailed analysis of your portfolio.
Hence you should consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Surya,

You are in a very complicated situation. This whole debt trapped needs to be worked on very judiciously. Let us go through all the aspects in detail.

1. Your total monthly household salary - 86000; monthly expense - 10000 contribution as of now; monthly EMI - approx. 1 lakhs.
2. Current loans - 36.5 lakhs from various banks at 12.5%; Gold Loan - 14 lakhs; private lenders - 2 lakhs at 18% >> totalling to 52 lakhs.
3. 50k interest per month payable - implies capital payment is very less leading to more problem.

- Keen on buying gold with loan. This is where more problem will began. Avoid buying gold using loan.
- Your focus should be on reducing your debt instead of increasing it.

Strategy to follow:
1. Close the loan with higher interest rate - 2 lakh personal lender. This will reduce your EMI and give you more potential to prepay other loans.
2. Try and take financial help from your family in prepaying small loans from banks. This can reduce your burden.
3. If you have any unused assets, can sell them to pay off your loans.

Points to NOTE:
> Avoid taking any more loans.
> When your EMI burden reduces, do make an emergency fund of 2-3 lakhs for yourself for any uncetain situation.
> Make sure to have a health insurance for yourself and family.
> Can stop your investments for now. They are of no use if your EMIs are more than your income. Can start investing once your EMI's reduce atleast by 20-30% for you.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Hi Suprabhat,

Let us analyse all things in detail - one at a time.
1. 5L in Bank and FD - this is your emergency fund. But if there is a lock-in on the postal FD, you need atleast 5 lakhs in bank FD as your emergency fund.
2. Health Insurance - it is the prime requirement for you and your family. You should have one covering you, your spouse as well as your kid. It will help you in uncertain health conditions of youself and family.
3. ULIP Policy - Usually policies like such are not beneficial. But these are all paid-up, good point here. Whenever you get this, try to invest it in equity and hybrid mutual funds.
4. You will get 41 lakhs from property selling. Invest the entire amount in mutual funds, a mix of equity and debt funds.
5. Cumulative MF portfolio = 1.05 crores. As the entire corpus is huge, take the advice of a proper advisor on managing your overall investments and portfolio. A guided investment always generates better result than a random portfolio.

Your annual needs - 12 lakhs; Wife will earn - 3.5 lakhs till 2037. You need additional 8.5 lakhs per year to manage your expenses.
- You can initiate a SWP from your overall savings after allocating it in correct funds with the help of advisor.
- You need to have a dedicated corpus for your son's need in your absence. Atleast 50-70 lakhs should be kept solely for your son.
- The overall corpus seems insufficient to meet your requirements for now. You can either postpone your retirement and create an additional savings corpus for your future and son. Or you may consider to work on your monthly budget.

Do work with a professional advisor to guide you with exact funds to meet your desired goals.
Hence consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/