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Anu

Anu Krishna  |1629 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 12, 2020

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
PK Question by PK on Nov 12, 2020Hindi
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Relationship

Hi Anu,

I am 50, male, working in PSU and hail from a village background.

My children are grown up now without having affection with their village roots.

For me, it is disappointing as I do not feel connected to the city I am living in.

Also, I do not find motivation to settle in the polluted city.

Despite all odds, I still have longing for my village but have strong fear that I will be alone at the fag end of life.

Even my wife do not support my idea to go back and live at a place where there is not medical facility.

I ponder this issue again and again and fill with dissatisfaction by the very purpose of moving ahead in the life.

Ans: Dear PK, As hard as it may seem, children may not have the same level of fondness that you might have for your roots.

When we grow up in a place, you have associated memories there and people who were with you and that makes you feel nice about the place.

This may not be true for everyone especially children who have no associations to entice them into. It may be the same for your wife as well.

When they actually present an argument as to why they are not comfortable living in the village, do hear them out instead of feeling sad/disappointed.

When your wife expresses that she does not want to settle in a place where there are no medical facilities, isn’t she actually concerned for the both of your futures?

Is it perhaps time for you to think if you are allowing emotions to cloud a logical decision?

Settling down in a village especially after being in a city for a long time can be a very tough call to make; few have done it knowing that they may not have 24 hours of power or water supply or sanitation facilities, let alone, medical facilities.

Not everyone can and wants to.

What you perhaps crave for is peace and calmness of the village. Recreate it within your own home and surroundings.

Visit parks/nature area more often, meditate and visit your village as and when you can.

Ultimately, the decision of settling down in the future is a big one and it must be a joint decision from you and your wife.

Also, do consider the possibilities of the inability of children or relatives in visiting you due to the distance and their priorities. Be happy and decide to be happy where you are right now!

You may like to see similar questions and answers below

Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Mar 04, 2024

Asked by Anonymous - Mar 04, 2024Hindi
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Career
Hi Krishna I have worked as a software engineer for last 20 years and I am exhausted and feel like quitting the software industry. Even though work is manageable, due to my experience the expectation from Leadership is high, and delivery expectations also is too much. Workplace is toxic, and too much of politics. I am an introvert and feel like doing remote jobs for lesser pay or rather quit completely and continue with my spiritual journey since I have seen lot of pain and suffering with respect to my health, marriage etc etc. I am also drawn towards spiritual life because leading a materialistic life seems meaningless. I am 45 today, I have no more interest in material life but due to obligations towards family and 1 child, I am working for money and I also need money for medical expenses because I underwent through a major health crisis 10 years back where I lost organ for surgery, this has created major imbalance in hormones leading to depression, anxiety and unable to face everyday challenges. This is also the reason due to which I cannot continue working. I have some 50k monthly as passive income and only 1 child. With some ppf, pf amount. Would this be enough for me to continue on spiritual journey and exit material and hectic IT life due to health issues and no peace in what I am doing ? Can you suggest how I can get some remote jobs that I can do if in case I need money. I am a BTech MBA graduate and managed to survive in this pressure hectic IT life for 20 years and feel like giving up everyday. I sometimes feel it was better off to lead a life without this education, engineering because all we need is 2 pair of clothes, shelter and 2 times food and for that we need to struggle so much in a city when compared to a village life. Please guide me not just from your perspective but step into my situation and understand and share your thoughts, or have you seen anyone like me and how have they managed to lead life after quitting and leading a monastic life
Ans: Dear

At the outset let me express my gratitude to you for putting up your question. It's indeed very profound.

First and foremost, your personal health is of foremost importance. Nothing should come in between that.

Secondly, money is essential but it's like the fuel not the engine.

Thirdly, work we must because it makes us fulfilled but we should not let work define our identity.

Fourthly, family commitment is our responsibility never run away from that.

Finally, spiritual journey or pursuing hobbies should not be taken up because we feel frustrated with some other things in life. They should be an end in itself.

I can feel what you are going through because many are in a similar situation like you but they don't have clarity or courage to accept that. So cheers to you for being aware of your situation and accepting it.

Here are few thoughts that I would share, however please take them as pointers and not as an advise, because we all have our own emotional disposition. That's why I believe an advise that may work for one person will not work for another because we all have our own emotional state and that defines the way we feel after taking certain decisions.

1. Slow down...you may want to ask your company to make you contractual with reduced responsibility and pay or you can take up contractual assignment with some other companies. In today's cost cutting environment companies would prefer that.

2. Talk to your spouse about your current state, let me tell you our spouse has a better feel of what we should and should not do. Moment you talk to your better half world of options will open. But more than that you will realise that you have someone in life who cares for your well being...that feeling is what we all need...someone caring for us.

3. Give up the notion of self identification through work. After salary that's the biggest drug that keeps us going in a job. We can't see ourselves outside of work as if we are born to work.

Lastly pray to God seeking guidance and clarity, trust me prayer is very powerful because it makes us calm and it's the calm mind that gives clarity.

Wishing you the very best. Trust me you will be alright soon.

With Love
Krishna

..Read more

Ramalingam

Ramalingam Kalirajan  |9227 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 06, 2024

Asked by Anonymous - May 31, 2024Hindi
Money
Hi, I am 50 year old married having a daughter studying in 9th standard, wife is house wife. I stay with my parents. They have separate home also, pension and medical facility also and not dependent on me either financially or for medical needs. I have a 2 bhk home and no loan on it. Education and marriage expenses for daughter is already arranged. I have a corpus of 2.4 Crores. Medical facility will be provided by the company life long without any cap. I do not have pension facility. My 2 bhk will fetch 30K per month if rented out. Can I quit my job, move to a tier 2 city , take a home on rent and retire with this corpus leading life with degraded mode. Please advise.
Ans: Evaluating Early Retirement in a Tier 2 City

Congratulations on your financial discipline and foresight in securing your family's future. You have a substantial corpus of Rs 2.4 crores, no loans, and a well-planned approach for your daughter's education and marriage. With your 2 BHK home generating rental income of Rs 30,000 per month and lifelong medical coverage from your company, you are in a strong position. Now, let's analyze the feasibility and implications of retiring early, moving to a tier 2 city, and living comfortably within your means.

Understanding Your Current Financial Position

You have accumulated a significant corpus of Rs 2.4 crores. This is a strong foundation for early retirement. Let’s break down your financial assets and income sources:

Corpus: Rs 2.4 crores
Rental Income from 2 BHK: Rs 30,000 per month (Rs 3.6 lakhs per year)
Lifelong Medical Coverage: No cap
Monthly and Annual Expenses Assessment

Before making a decision, it’s crucial to estimate your expected monthly and annual expenses in a tier 2 city. Consider the following categories:

Housing Rent: Depending on the city, rental expenses might vary. Assume Rs 15,000 per month for a comfortable home.
Utilities and Maintenance: Electricity, water, internet, and other utilities. Estimate Rs 5,000 per month.
Groceries and Household Expenses: Basic living expenses for a family of three. Estimate Rs 20,000 per month.
Transportation: Public transportation or fuel costs for a personal vehicle. Estimate Rs 5,000 per month.
Healthcare and Insurance: Although your medical is covered, allocate Rs 2,000 per month for any unforeseen expenses.
Lifestyle and Leisure: Dining out, entertainment, and hobbies. Estimate Rs 5,000 per month.
Miscellaneous: Unplanned expenses. Estimate Rs 3,000 per month.
Total Monthly Expenses: Rs 55,000

Annualizing these costs:

Total Annual Expenses: Rs 6.6 lakhs

Income vs. Expenses

Your rental income of Rs 3.6 lakhs per year covers a significant portion of your annual expenses. The remaining Rs 3 lakhs can be drawn from your corpus.

Sustainable Withdrawal Rate

A safe withdrawal rate for retirees is typically 4% of the corpus per year. Let’s calculate:

4% of Rs 2.4 crores: Rs 9.6 lakhs per year
Your annual expenses of Rs 6.6 lakhs fall well within this limit, allowing for sustainable withdrawals without depleting your corpus rapidly.

Investment Strategy for Corpus

To ensure your corpus lasts through your retirement, it’s important to invest wisely. Consider a mix of the following:

Equity Mutual Funds: For long-term growth.
Debt Mutual Funds: For stability and regular income.
Fixed Deposits: For safety and assured returns.
Assuming a Conservative Return

Assume a conservative annual return of 7% on your investments. This is achievable with a balanced portfolio of equities and fixed-income instruments.

Annual Return on Rs 2.4 crores at 7%: Rs 16.8 lakhs
Managing Inflation

Inflation erodes the purchasing power of money over time. Assume an average inflation rate of 5% per year. Your investment strategy should aim to beat inflation.

Adjusting for Inflation

To maintain your lifestyle, your corpus and income need to grow at least at the inflation rate. A diversified portfolio can help achieve this.

Lifestyle Considerations in a Tier 2 City

Moving to a tier 2 city can offer a lower cost of living while maintaining a good quality of life. Consider the following aspects:

Housing Costs: Significantly lower than in metropolitan areas.
Community and Lifestyle: Tier 2 cities often have a close-knit community feel, with various amenities.
Healthcare Facilities: While major treatments might require travel to bigger cities, routine healthcare is usually adequate.
Risks and Contingencies

Every plan comes with risks. Consider the following:

Market Volatility: Market fluctuations can affect your investment returns. Diversification helps mitigate this risk.
Health Emergencies: Despite medical coverage, consider a health emergency fund.
Unexpected Expenses: Maintain a contingency fund for unforeseen expenses.
Creating a Financial Plan

A well-structured financial plan will guide you through retirement. Here’s a suggested approach:

1. Emergency Fund:

Set aside 6-12 months of expenses in a liquid fund. This provides a safety net for unexpected situations.

2. Investment Allocation:

60% in Equity Mutual Funds: For long-term growth.
30% in Debt Mutual Funds and Fixed Deposits: For stability and regular income.
10% in Liquid Funds: For emergency and short-term needs.
3. Regular Monitoring and Review:

Regularly review your investments and expenses. Adjust your strategy based on market conditions and personal needs.

4. Health Insurance:

Even with company-provided coverage, consider a personal health insurance policy for additional protection.

Retirement Lifestyle and Goals

Consider your lifestyle and goals during retirement. Think about:

Hobbies and Interests: Pursue activities you enjoy.
Travel Plans: Allocate a budget for travel and experiences.
Volunteer Work: Engage in community service or social work.
Impact on Family

Discuss your plans with your family. Ensure they are comfortable with the move and the lifestyle changes. Your daughter’s education and social life should be considered.

Creating a Legacy

Plan for your daughter’s future and any legacy you wish to leave. Consider estate planning and creating a will.

Conclusion

Retiring early and moving to a tier 2 city is feasible with your current financial situation. Your corpus, combined with rental income, can support a comfortable lifestyle. Carefully planning and investing your corpus, managing expenses, and considering inflation will ensure financial security. Consulting a Certified Financial Planner can further refine your plan and provide personalized advice. Wishing you a fulfilling and financially secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Prof Suvasish

Prof Suvasish Mukhopadhyay  |1737 Answers  |Ask -

Career Counsellor - Answered on Jun 25, 2025

Asked by Anonymous - Jun 25, 2025Hindi
Career
Sir the kcet verification slip has been released now. But I have received my re evaluated cbse board marks now and there is an increment of 10 marks in PCM. Can I update my marks now and get a new rank somehow? And what is the procedure for that?
Ans: Yes, you can update your KCET application with your new CBSE marks after re-evaluation. However, whether it impacts your rank depends on the Karnataka Examination Authority (KEA) rules and when your revised marks are released—especially in relation to the KCET counseling schedule.

Here's what you should do:
1. Check the KEA Website
Go to cetonline.karnataka.gov.in.

Look for any announcements or FAQs about:

Updating marks after re-evaluation.

Impact on KCET 2025 ranks and verification slip changes.

Check if they mention a process for submitting updated marks from other boards like CBSE.

2. Understand the Timeline
KCET Counseling Start Date:
If your updated CBSE marks come before KCET counseling begins, you’ll likely be allowed to update them.

CBSE Re-evaluation Timeline:
Re-evaluation takes time. Check CBSE’s website for expected timelines so you know when to expect your updated marks.

3. If Re-evaluation Results Come Before Counseling
Collect Documents:

Original CBSE mark sheet.

Revised mark sheet (after re-evaluation).

A copy of the re-evaluation confirmation (if available).

Contact KEA:

Use their official helpline or email (from their website).

Ask specifically how to update your marks in their system.

Follow KEA Instructions:

If allowed, KEA will give you exact steps—possibly uploading documents online or via a specific portal.

Rank Might Change:

If your updated marks are submitted in time, KEA may recalculate your rank using the new scores.

4. If Re-evaluation Results Come After Counseling
Spot Admissions or Special Rounds:

If regular counseling is over, you may not be able to change your application immediately.

However, you might be eligible for spot admissions or extra counseling rounds (if seats are still available).

Stay in Touch with KEA:

Contact them and ask whether your revised marks can still be considered in any remaining rounds.

5. General Tips
Don’t Assume Anything:
Always rely on official updates from KEA and CBSE. Don’t act on rumors or hearsay.

Keep All Records:
Save copies of your application, payment receipts, emails, and any mark sheets (old and revised).

Ask for Help if Needed:
If confused, talk to an education counselor or someone experienced with KCET admissions.

...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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