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Love Guru

Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on Aug 29, 2023

Love Guru has been answering relationship and romance related questions on Rediff.com for over 13 years. She won't mince words when telling you what the problem is and what you can do about it. If you want a fresh perspective from an unbiased, objective-thinking individual about your relationship woes, Love Guru could just be the person you need to need to hear from.... more
Asked by Anonymous - Aug 28, 2023Hindi
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Relationship

Hi I am Anuj. I did everything for my wife. but she was under the influence of her mother left me and now filed a wrong complain in the court. tell me how can I came out and is this really advisable to stay with her again after the 3 years.

Ans: You need a lawyer to address the court complaint; if it is without merit then you don’t need to worry about it. Have you tried talking to her directly; someone influencing her is no excuse. She is an adult at the end of the day and knows right from wrong. And where does the question of staying with her arise if such is the current situation?

You may like to see similar questions and answers below

Anu

Anu Krishna  |839 Answers  |Ask -

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

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Relationship
Dear AnuWe got married in December 2015. It was love marriage arranged by our parents.From the first day of marriage my spouse started irritating me. But I love her from the bottom of my heart.She always disrespects my parents but they also didn't say a single word because they don’t want any dispute in our relationship.In July 2017, she forced us to shift to a new home. She’s always fighting with everyone in office, in train and in our society also.I told her to work on her anger otherwise some day we will lose our relationship.From 2017 to Nov 2021 I tried very hard to save my relationship with her but she never understood my love.At the end of 2021 I left my home. There are many complaints register by her in the police station, she harassed me and my family members.Now the divorce case is going on (don't know how many more days it will be)But what is my fault?I loved her truly.Why did she do this to me?How should I manage my life? I can't concentrate anywhere.Every day I am in tears.I want to keep this confidential.Thank you very much in advance.RegardsLR
Ans:

Dear LR,

What happened is beyond my comprehension.

Any relationship crumbles due to the weight of ego and misunderstandings.

Only the two of you will know what, why and how this happened. No point going behind this as all you will end up with is more resentment and sadness which isn’t going to help you anyway.

Divorce cases can go on for years if not settled mutually and amicably. So, it is quite possible that this might drag on.

What you need is resilience to put up a strong fight against all the cases registered against you and your family members.

Hire a good lawyer who understands the case not just as an ordinary one as cases against the husband and his family can be quite serious in a divorce situation.

In the meantime, you need to clear your mind to be less anxious and more productive.

I believe in changing the present for a better future rather than digging the past and robbing oneself of their peace of mind.

So,

  • Get deep into work and give it your all
  • Join a gym or anything that is a workout for the body
  • Indulge in a hobby that calm down the mind
  • Find joy in simple happenings
  • Express gratitude for everything and anything
  • Journal your thoughts and feelings daily
  • Spend a lot of time with Nature
  • Be with people who help you stand tall

Mind and body work in tandem and keeping both in the best condition is what is going to help you tide over this challenging phase.

Respect this and create a regimen of the above. It works. And be resilient and know that there is light at the end of the tunnel and so focus on believing in that.

All the best!

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 28, 2023

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Relationship
Hi Anu, I am 44 years old man and I have unsuccessful married life as my wife didn't like be in the relationship with me within 7 months of our marriage. We married in the year 2013 and she annulled me in the year 2014. She is hyper sentimental and egoistic. She only loves money and her parents. We had exchanged some words (just like it happens in every married life). I tried to make her understand that if she don't get a job I will support her so that she can get a job. But she didn't pay attention to my request. She filed Mat suite for divorce with false allegations and I have filed a restitution of conjugal right case . She lost her divorce case and I won the RCR case. But despite magistrate order and my request she didn't turn up and filed 498A, DV Act and 125 CrPC tagging most my relatives with false evidences two years back. I fought all cases and during this time I lost my father. However again she lost DV case and Supreme Court ordered lower court to discharge everyone if they do not found us guilty as we have sufficient proof. Her lawyer started taking tricks by requesting for short span for each hearing date. As my mother's health is not well and I leave in South India, it was difficult for me to attend every hearing date. So, I decided to give up and signed the divorce petition on mutual consent. I tried my best to bring her back, but I failed. Everyone is asking to start the life in new way, but I am really shocked and in trauma of the mental torture and harassment. I am thinking that is it good start the life again in this age ? Will the new life partner take similar steps to harass me again ? Please advice.
Ans: Dear Sanju,
I can only imagine the unrest that you must be feeling right now.
Regarding your question on mental torture and harassment; I do understand how unnerving it must be for you to wake up every morning and stare at the harsh reality of what it is for you. Nevertheless, beaten down but not yet given up is something you must always remember.
It is natural to think that history repeats itself; but you cannot assume that the next person you meet will be the same. Do not enter into a relationship or marriage with this assumption; what might tend to happen is that you will hold yourself back and your partner will always feel that you are being distant from them.

Do understand that the context of marriage is the same, but the persons in question are different. It's like saying: I failed in Math, so Math is a bad subject and I will always fail! Get a hang of what I am referring to?

Take some time off to heal and be at peace and remind yourself that you deserve happiness and marriage form of a beautiful relationship that can make you happy. For now, tell 'everyone' who is asking you to start a new life to give you space to reflect on:
- What can I do different in the next relationship that I pursue?
- What more can I do for my partner that I didn't in the previous marriage?
- What are a few core values of mine that I want to see in my partner as well?

And no use starting a new life by thinking if your new life partner will harass you as well. Instead step in telling yourself: New relationship, new person, new thoughts, new life goals, new...The word NEW, should give your brain something NEW to chew on discarding the old.

All the best!

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 31, 2023

Asked by Anonymous - Oct 29, 2023Hindi
Relationship
Hi Ma'am, I am 36 years old and got married in the year 2014. I wanted to be in a joint family but my wife does not like it from the starting days itself. My parents used to stay with me periodically but not continuously. We have 2 boy children now. During my 1st boy child naming ceremony, my wife's family created issues and threatened me and my mother with bad words and forced for a separate family which i never agreed. After that issue, my wife never returned to my matrimonial home. After lot of efforts from my relatives, we joined back again. But the personal vengeance of my wife on my parents still continued. She used to misbehave with them some times like not listening to my mother's words and she never used to help my mother on all the house hold activities. My mother used to take care of all the household works. In the mean time we are blessed with 2nd boy. She stayed in my house during her second pregnancy, her preganancy well assisted by my mother and me both financially and emotionally. But i used to tell my wife to do very small houshold activities to make her physically well fit for her normal delivery but she took that suggession in a wring way and considered it as a torcher. During her ninth month of her pregnancy she went to her parents house to write a competitive exam but never returned back instead she continued to stay there and returning back to my home. So it has been more than two years now that she left me. During this time, i visited for her birthday, her father died, me and my parents visited his funeral, i visited my sons birthday. So i almost did all my efforts to bring back her to my home but she refused all my chances. So I filed a divorce case since i dont have any hope in my marriage life anymore. But i wanted to live with her since we have two children. Any suggestions/advices please.
Ans: I understand the complex and challenging situation you're facing in your marriage. It's clear that there have been significant conflicts and misunderstandings between you and your wife, and you've made attempts to resolve them. Here are some thoughts and advice from a counseling perspective:

Open Communication: Effective and empathetic communication is crucial. Encourage both you and your wife to express your feelings and concerns in a safe and non-confrontational manner. A counselor can help facilitate these discussions and ensure that both parties have a chance to be heard.
Professional Counseling: Seeking the help of a qualified marriage counselor or therapist is highly recommended. A counselor can provide a neutral perspective, offer strategies for conflict resolution, and help you both explore the underlying issues in your relationship.
Child-Centered Approach: As you have children, it's vital to prioritize their well-being. Regardless of the outcome, work together on a co-parenting plan that focuses on their emotional and psychological needs. A counselor can assist in creating a plan that ensures your children's stability and happiness.
Understanding and Empathy: Try to understand each other's perspectives, feelings, and needs. There seems to be a lack of understanding between you and your wife, and it's important to build empathy and find common ground.
Legal Matters: Consult with a family lawyer to fully understand your rights, responsibilities, and potential outcomes regarding divorce, child custody, and financial matters. It's crucial to be well-informed about the legal implications of your decisions.
Reconciliation Efforts: If both you and your wife are open to the possibility of reconciliation, be prepared for a long and challenging process. It will require time, patience, and a willingness to address the root causes of your issues.
Understanding: Try to understand your wife's perspective and feelings, and encourage her to understand yours. Misunderstandings can often lead to conflicts, and gaining insight into each other's point of view can be a first step toward resolution.
Co-parenting: Regardless of the outcome of your marriage, your focus should be on the well-being of your children. It's essential to develop a co-parenting plan that prioritizes their needs and stability. Self-Care: Take care of your own well-being. Navigating these difficult circumstances can be emotionally and mentally taxing, so ensure you maintain your own emotional and mental health.
Reflect on Your Expectations: Take time to reflect on your expectations regarding family arrangements and what you're willing to compromise on. It may be necessary to find a middle ground between your desire for a joint family and your wife's preference for a separate one.

Remember that the decision to reconcile or proceed with the divorce should be made with the well-being of both you and your wife, as well as your children, in mind. Professional counseling and mediation can provide the support and tools you need to navigate this challenging situation. Whether the ultimate goal is reconciliation or an amicable separation, the involvement of a qualified therapist can be instrumental in moving forward in a healthy and constructive way.

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 26, 2023

Asked by Anonymous - Dec 13, 2023Hindi
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Relationship
I am married for 23 years .Both me & my wife are doing job.I have one son staying with me. After 17 years of marriage I inquired that my wife has sexual relationship with another man . This has hurt me a lot as she betrayed me . As a result she gave no attention to me , my son and my parents . When I got this information , my wife left my house taking hand loan from neighbors . I never lodged any complain with police or file divorce case , rather I took it challenging. I took proper care of my son .Due to hard work & logistic support from me , my son qualified in NEET & continuing MBBS in Govt. college.As my son has grown up & knows the actual fact ,he dislikes his mother & has no contact with her since long.Gradually we have started forgetting her. After 6 years of staying outside , now my wife is trying to come back again forcefully which we do not want. Therefore I request that please advice me what to do.
Ans: I'm sorry to hear about the challenging situation you've been through. It's understandable that trust has been broken, and emotions must be complex. It's important to prioritize your own well-being and that of your son during this time. If you feel comfortable, have an open and honest conversation with your wife about the reasons for her return. It's crucial to express your feelings and concerns. It might be helpful to involve a neutral third party, such as a counselor or mediator, to facilitate the conversation. If she continues to pursue a return against your wishes, you may want to consult with a legal professional to understand your options and rights. Given the complexity of your situation, it might be beneficial to seek legal advice to understand your rights and responsibilities. A lawyer can help you explore options and provide guidance on how to proceed. Take into account the well-being and feelings of your son in any decision-making process. His opinion and comfort level should be considered, especially if he has chosen not to maintain contact with his mother. Decisions made under emotional stress might not be the best ones. Give yourself time to reflect, assess the situation, and decide what is in the best interest of you and your son Ultimately, the decision of whether to allow your wife back into your lives is a personal one. Consider what is in the best interests of you and your son, taking into account your own well-being and the well-being of your family.

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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I have about 1 crore in retirement funds and will get a pension of about 55k per month. i have term insurance of 75 lakhs. I believe actual inflation for me is around 12-15% per annum and want to beat that so my capital is not eroded. Is it possible to get around 24% per annum (34% of this is grabbed by IT) to get an effective yield of appr 15-18% with very low risk.
Ans: It's impressive that you've accumulated a substantial retirement fund and secured term insurance for your family's protection. Your concern about inflation eroding your capital demonstrates a prudent approach to financial planning.
As a Certified Financial Planner, I understand the importance of preserving and growing your wealth to combat inflation effectively. However, achieving a consistent return of 24% per annum with very low risk is unrealistic.
While it's essential to aim for returns that outpace inflation, it's equally crucial to manage expectations and assess risk appropriately. Pursuing excessively high returns often entails taking on higher risk, which may not align with your risk tolerance or financial goals.
Instead of chasing unrealistic returns, consider the following strategies to protect and grow your wealth:
• Diversified Portfolio: Allocate your retirement funds across a diversified portfolio of assets, including equity, debt, and alternative investments. Diversification helps mitigate risk and optimize returns over the long term.
• Regular Reviews: Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance. Make adjustments as needed based on changes in market conditions and your personal circumstances.
• Consult with a Certified Financial Planner: Work with a CFP to develop a comprehensive financial plan tailored to your specific needs and objectives. A CFP can help you navigate investment options and create a strategy that balances risk and return effectively.
• Manage Tax Implications: Consider tax-efficient investment strategies to minimize the impact of taxes on your returns. Utilize tax-saving instruments like Equity Linked Savings Schemes (ELSS) and explore other tax-efficient investment avenues.
By adopting a disciplined approach to investment and seeking professional guidance, you can strive to achieve meaningful returns while managing risk effectively.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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My monthly salary is 8 lakhs, but my work time in a year is not fixed. Sometimes i work 8 months a year sometimes 6 months. I have NRE account. Due to uncertain work nature. I always had doubt to keep some funds standy in account. Due to this fear i never invested . Recently started SIP of about 50k. Please advise what to do. Or what more options i have. I was also thinking to buy a flat to later rent out. Or buy a land for future sale out.. i am confused for my life.
Ans: I understand your concerns about the uncertain nature of your work and the impact it may have on your financial stability. It's commendable that you've taken the step to start SIPs despite these challenges.
It's natural to feel overwhelmed when faced with decisions about investments, especially when considering factors like fluctuating income and future financial security. As a Certified Financial Planner, I'm here to offer guidance and support as you navigate through these choices.
Instead of letting fear hold you back, consider taking a balanced approach to investing:
• Emergency Fund: Given the irregularity of your income, it's essential to maintain a sufficient emergency fund in your NRE account to cover living expenses during lean months. This provides a safety net and peace of mind.
• Diversified Investments: Explore investment options beyond traditional avenues like real estate. Consider a diversified portfolio of mutual funds or other investment vehicles that offer liquidity and flexibility to accommodate your variable income.
• Professional Advice: Consult with a Certified Financial Planner to develop a personalized financial plan tailored to your unique situation. They can help you assess your risk tolerance, set realistic goals, and create a roadmap for achieving financial stability and growth.
• Avoid Hasty Decisions: While buying property may seem appealing, it's crucial to weigh the pros and cons carefully. Real estate investments come with their own set of challenges and may not always align with your financial goals or risk profile.
Remember, uncertainty is a part of life, but with careful planning and informed decision-making, you can navigate through it successfully. Don't hesitate to seek support from professionals who can provide guidance and clarity along the way.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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Money
I have net earings 40000 per month what should be my ideal stepup SIP amount and target minimum corpus or the time period of 20 years for my two childs education (both below 3 year).. being a aggressive investor currently investing in MIREA ELSS(500), Quant small(1000),Parag Flexi(1000),motilal midcap(500),hdfc BAF(100). And PPF 5000 per year. Please guide.
Ans: As a Certified Financial Planner, I appreciate your proactive approach towards planning for your children's education. With a monthly net earnings of 40,000 rupees and an aggressive investment stance, you're on the right track.
Considering your current investments and financial goals, here's a suggested approach:
1. Review and Adjust Current Investments: Your current portfolio consists of ELSS, small-cap, flexi-cap, mid-cap, and balanced advantage funds, along with PPF contributions. While this reflects an aggressive strategy, it's essential to periodically review the performance of these funds and make adjustments if necessary to ensure they align with your goals.
2. Calculate Required Corpus: Determine the estimated cost of education for both children, factoring in inflation and the type of education you aspire for them. This will help you set a realistic target corpus to aim for.
3. Set Up Step-Up SIPs: Since your children are below 3 years old, you have a relatively long investment horizon of 20 years. A step-up SIP allows you to gradually increase your SIP amount over time, aligning with your increasing income and inflation. Work with a Certified Financial Planner to calculate the ideal step-up SIP amount based on your target corpus and investment horizon.
4. Stay Consistent and Disciplined: Consistency is key to achieving your investment goals. Continue investing regularly and stay disciplined even during market fluctuations. Avoid the temptation to withdraw or stop your SIPs prematurely.
5. Emergency Fund and Contingency Planning: Ensure you have an emergency fund equivalent to at least 6-12 months of living expenses in a liquid and accessible account to cover unexpected expenses. Additionally, consider incorporating contingency planning into your financial strategy to mitigate any unforeseen risks.
6. Regular Reviews: Periodically review your investment portfolio and financial goals with your Certified Financial Planner. Adjust your strategy as needed based on changes in your financial situation, market conditions, and investment objectives.
By following these steps and working closely with a Certified Financial Planner, you can build a robust financial plan to ensure your children's education needs are met without compromising your long-term financial security.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - Apr 30, 2024Hindi
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I am 38 years I am planning to retire at 45 years with 2 Cr on corpus.let me know how much SIp I need to do as I am aggressive investor.
Ans: It's commendable that you're planning for an early retirement at 45 and aiming for a significant corpus of 2 Crores. As an aggressive investor, you're willing to take on higher risk for potentially higher returns.

To achieve your goal, you'll need to calculate the SIP amount based on factors like expected rate of return and investment horizon. Since you're aiming for an early retirement, you'll likely need to invest a substantial amount each month to reach your target.

As a Certified Financial Planner, I advise caution when aiming for aggressive investment goals. While higher risk can lead to higher returns, it also increases the possibility of volatility and potential losses.

Instead of providing a specific SIP amount here, I recommend scheduling a consultation with a CFP who can conduct a detailed analysis of your financial situation, risk tolerance, and investment goals.

During the consultation, your CFP will help determine the most appropriate investment strategy to maximize growth potential while managing risk effectively. They'll consider factors like asset allocation, diversification, and investment time horizon to tailor a plan that aligns with your objectives.

Remember, achieving financial goals requires discipline, patience, and a well-thought-out strategy. By working closely with a CFP, you can create a roadmap to reach your retirement target and secure your financial future.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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Hello sir , I am 32 year old I am a salaried person around 60k per month and want to start SIP for my children education I have two children one is 6 year old and another one is 3 year old. Please suggest me the best
Ans: It's fantastic that you're thinking ahead and planning for your children's education at such a young age. Starting SIPs (Systematic Investment Plans) is a smart way to build a corpus for their future educational expenses.
Considering your financial situation and your children's ages, here's a suggested approach:
1. Set Clear Goals: Determine the amount you'll need for each child's education, factoring in inflation and the type of education you aspire for them. This will help you set realistic investment targets.
2. Choose Suitable SIPs: Opt for diversified equity mutual funds that have a track record of consistent performance and align with your investment goals and risk tolerance. Look for funds with a long-term horizon and a focus on capital appreciation.
3. Allocate Funds Wisely: Divide your SIP investments among different funds to spread risk and maximize growth potential. Consider a mix of large-cap, mid-cap, and multi-cap funds to achieve diversification and optimize returns.
4. Start Early and Stay Consistent: Time is your biggest ally when it comes to investing. Start your SIPs as soon as possible to benefit from the power of compounding. Even small, regular investments can grow substantially over time with discipline and consistency.
5. Review and Adjust Regularly: Periodically review your SIP investments to ensure they're on track to meet your goals. Make adjustments as needed based on changes in your financial situation, market conditions, and investment objectives.
6. Stay Disciplined: Avoid the temptation to withdraw or stop your SIPs during market fluctuations. Stay focused on your long-term goals and continue investing consistently, regardless of short-term market movements.
7. Consider Tax Implications: Keep tax efficiency in mind while selecting SIPs. Opt for funds with favorable tax treatment like Equity Linked Savings Schemes (ELSS) for potential tax benefits under Section 80C of the Income Tax Act.
Remember, education is one of the most valuable investments you can make for your children's future. By starting SIPs early and staying disciplined, you can build a solid financial foundation to provide them with the best opportunities for education.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Sushil

Sushil Sukhwani  |343 Answers  |Ask -

Study Abroad Expert - Answered on May 09, 2024

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Career
What are the scholarships available for students who want to pursue masters in USA ,especially who are freshly graduate from btech
Ans: Hello Anya,

To begin with, thank you for contacting us. I am glad to hear that you intend pursuing your Masters in the USA. As an answer to your query, I would like to tell you that there are a number of scholarships viz., the Fulbright-Nehru Fellowships, Tata Scholarship for Students from India, Fulbright Scholarships, Civil Society Leadership Awards (CSLA), Chevening Scholarships, Rotary Foundation Global Grants, Hubert H. Humphrey Fellowship Program, American Association of University Women (AAUW) International Fellowships, University-specific Scholarships, scholarships offered by private foundations and organizations, and Government Scholarships, that are available for students studying a Masters degree in the USA, particularly for the ones who have recently earned a Bachelor of Technology (B.Tech) degree.

Besides the ones mentioned above, there are a number of other scholarships available that you can consider applying to. I would recommend that you conduct an extensive study and apply to the scholarships that best resonate with your qualifications and objectives. Not just that, in order to acquire more precise details about the available scholarships and possibilities for monetary assistance, I would suggest that you get in touch with the admissions offices of the universities you intend applying to.

For more information, you can visit our website.

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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Hello Sir, I am 46 yrs old guy with a family of 2 children 10yrs and 3yrs. i have a 16 lakhs homeloan outstanding. i have created a small saving fund of about 11.36 lakhs in investments in the following funds quant active direct, hdfc flaxicap, Nippon flexicap, hdfc divident fund, holidng about 5.19 lakhs in stocks. I also invest into pension fund about 5000 per month and sip in the above mutual fund are 45000 per month. please suggest the investment strategy at my age and I would like to retire in 50 yrs.
Ans: It's wonderful to see you taking proactive steps towards securing your family's financial future. At 46, with two young children and a home loan, it's essential to have a solid investment strategy in place.
Considering your age and retirement goal of 50 years, here's a suggested investment strategy:
1. Prioritize Debt Reduction: Since you have a home loan outstanding, prioritize paying it off as soon as possible. Allocate a portion of your savings towards clearing this debt to reduce financial burden and free up cash flow for other investments.
2. Diversify Investments: Your current investment portfolio seems heavily skewed towards equity with a mix of mutual funds and stocks. While equity investments offer growth potential, they also come with higher risk. Consider diversifying into less volatile assets like debt funds, PPF, or FDs to balance risk.
3. Review and Adjust Mutual Fund Portfolio: Evaluate the performance of your mutual funds periodically and consider consolidating or reallocating funds based on their performance and your investment goals. Consider consulting with a Certified Financial Planner (CFP) to ensure your portfolio aligns with your risk tolerance and financial objectives.
4. Continue SIPs and Pension Fund Contributions: Your SIPs and pension fund contributions are commendable. Continue investing regularly, but ensure you're comfortable with the amount allocated to each fund and adjust as necessary over time.
5. Emergency Fund: Ensure you have an emergency fund equivalent to at least 6-12 months of living expenses in a liquid and accessible account to cover unexpected expenses or income disruptions.
6. Plan for Children's Education and Your Retirement: Factor in future expenses like your children's education and your retirement needs while planning your investments. Start separate funds for these goals to ensure you're adequately prepared when the time comes.
7. Regular Reviews: Regularly review your investment portfolio and financial goals to make adjustments as needed. Life circumstances and market conditions change, so staying proactive is key to long-term financial success.
Remember, investing is a journey, and it's essential to stay disciplined and informed. With careful planning and guidance from a CFP, you can navigate towards a secure financial future for you and your family.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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I am 48 yrs old i will be retiring on attaining 60 .I hav an fd of 25lak n few stocks n a monthly of 19 k in MF. I thought of starting to build a rental house for generating income for my retirement but m in a confusion as I will hav to break my fd as I don't want to take a loan.pls kindly help me with ur advice
Ans: It's impressive that you're planning ahead for your retirement at 48. You've accumulated a decent amount in fixed deposits (FD), stocks, and are investing regularly in mutual funds (MF), which is a great start.
Building a rental property can indeed be a strategy to generate passive income during retirement. However, breaking your FD to fund the construction raises a few considerations. FDs offer stability and guaranteed returns, and breaking them prematurely may result in loss of interest and penalties.
Before making any decisions, consider the following:
1. Evaluate Returns: Compare the potential rental income from the property with the interest you're earning on your FD. Ensure that the rental income justifies breaking the FD.
2. Risk Management: Real estate investments come with risks like property maintenance, vacancies, and market fluctuations. Assess your risk tolerance and ensure you have a contingency plan.
3. Diversification: Don't put all your eggs in one basket. Consider diversifying your investments to spread risk. You already have stocks and MFs; adding real estate can further diversify your portfolio.
4. Consult a Professional: Seek advice from a Certified Financial Planner (CFP) who can help you analyze your financial situation, assess the viability of the rental property, and create a comprehensive retirement plan.
5. Alternative Financing: Explore alternative financing options like taking a loan against your FD instead of breaking it entirely. This way, you can maintain the FD and still fund the construction.
Ultimately, the decision should align with your financial goals, risk tolerance, and retirement aspirations. A well-thought-out plan, backed by professional advice, can help you navigate this important decision effectively.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked by Anonymous - May 09, 2024Hindi
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Hi sir i am investing in sip for 7000,ppf 5000,nps 2500,pf 3000 per month i am 32 yrs planning to retire in 65 years .how much i will get after 65
Ans: It's excellent that you're taking proactive steps towards securing your financial future at such a young age. By investing regularly in SIP, PPF, NPS, and PF, you're building a strong foundation for your retirement.

Regularly investing in SIPs allows you to benefit from the power of compounding over time, potentially leading to significant growth in your investments. PPF provides a secure and tax-efficient way to save, and NPS and PF contributions help you build a retirement corpus while also enjoying tax benefits.

However, the exact amount you'll receive at retirement depends on various factors like the rate of return on your investments, inflation, and any changes in government policies. It's essential to review your investment strategy regularly and make adjustments as needed to stay on track towards your retirement goals.

Consider consulting with a Certified Financial Planner (CFP) to develop a comprehensive retirement plan tailored to your needs and aspirations. A CFP can help you estimate your future retirement corpus based on your current investments and make recommendations to optimize your portfolio for long-term growth.

Remember, starting early and staying disciplined with your investments are key to achieving your retirement goals. Keep up the good work, and continue investing regularly to build a secure financial future for yourself.

Best Regards,
K.Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |1755 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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I am aged 72 years and totally retired since 2019. Despite limited income, I am investing Rs12,000 per month in mutual fund mostly in equity segment of reputed AMCs initially for a period of 3 years and may extend later. Kindly suggest whether this is a right decision or needs a review.
Ans: Investing in mutual funds, especially in equity segments, can be a smart move for building wealth over time. Given your retired status and limited income, it's commendable that you're still prioritizing investments. However, at 72, it's crucial to balance potential returns with risk.

It's wonderful to see your proactive approach towards securing your financial future even during retirement. Mutual funds offer diversification, which can help manage risk, and investing systematically, like you're doing, can potentially yield better returns over the long term.

Nevertheless, it's essential to consider your risk tolerance and investment horizon. Equity mutual funds can be volatile in the short term, so ensure you're comfortable with fluctuations in the value of your investments.

Regular reviews with a Certified Financial Planner (CFP) can provide valuable insights into whether your investment strategy aligns with your goals and risk profile. A CFP can help adjust your portfolio as needed and provide peace of mind knowing that your investments are on track.

Remember, investing is a journey, and it's normal to reassess and make changes along the way. Keep monitoring your investments regularly and stay informed about market trends and economic developments.

In summary, while investing in mutual funds can be a good decision, especially for long-term wealth creation, consider consulting with a CFP to ensure it's the right approach for you given your age and financial situation.

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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