Dear Doc., My Son falls under handicapped category. he is good in studies and intelligent. Has a postgraduate degree. because of his problem, he likes to stay aloof and stay at home, may be because of his hearing and speech problem. doesn't like to go out and any one visiting us. He is not using his intelligence in concrete work/ manner. Any kind of screen is his best time pass and remains irritated and angry. how to counsel him is our problem, because the moment we try to discuss about his progress, going to job etc. he disengages himself and goes away. please advise.

Ans: Your Best Chances
For CSE: NIT Mizoram, NIT Nagaland, NIT Arunachal Pradesh, NIT Sikkim, NIT Meghalaya, NIT Manipur
For ECE: More options available, including NIT Puducherry, NIT Agartala, and others. See previous years' cut off

Ans: For SC candidates aiming for NIT-Trichy through JEE Main, a minimum percentile of around 58-62 is expected for qualifying, but securing a higher percentile is crucial for a better chance of admission, especially for competitive programs like Computer Science. I think she will surely get admission in NIT-Trichy. Best of luck. Professor.........................:)

Ans: Hello dear.
It isn't easy to get CSE at this percentile. But a chance to get a seat in IIITs is more.
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Thanks
Radheshyam

Ans: With a 98.56 percentile, you have a moderate chance of getting CSE in NIT Trichy or NIT Calicut, but it's not guaranteed, especially for the top-tier NITs. But I think Mechanical will be surely available. Best of luck. Professor...........................:)

Ans: With a 96.6 percentile in JEE Main, your son being an OBC NCL candidate has a reasonable chance of getting into NIT Warangal, but securing a CSE & ECE seat might be competitive and depend on factors like overall rank and seat availability. Best of luck. Professor...................................:)

Ans: Dear Anonymous,
I understand how hard it is to let someone you love go, but if indeed there is no way for him to convince his parents or there is no future for your relationship, it is best to move on. I know it's much easier said than done, but things will get better with time. Focus on yourself, and take small steps- like surround yourself with people who love and care for you, spend more time with your family and friends, pick up a hobby, focus on your studies or career, travel, go out for movies, try new cuisine. While all of these are ways to keep yourself distracted, with time you will find how much these have helped you grow. It's important to give yourself time to heal.
Best Wishes.

Ans: Hi,

Lets understand the value of your current Investments at the time of retirement. Below is the list with its current value and (expected rate of return).
Emergency Fund - 25 lakhs (3.5%)
Fixed Deposits - 65 lakhs (7%)
PF/PPF/NPS - 25 lakhs (8%)
MF/Stocks - 25 lakhs (10%)
LIC Policies - 25 lakhs (no change)
Your current investments listed above will achieve a value of 3.5 crore at the time of retirement 4 years from now.

Apart from this you have mentioned properties worth 7.25 Cr. Assuming you will only use/liquidate them if required, so excluding them from consideration for now.

You total income is 2.30 lakhs per month (includes rent) and expenses are 75k per month. So there is potential to add to the above investments for the next 4 years.

I will assume your current expenses are sufficient for the lifestyle you want to continue post retirement.
You will require a corpus on retirement after 4 years to sustain your expenses adjusted with inflation of 6% which will be close to 1 lakh per month (at the time of retirement).
With this starting point, and adjusting for inflation of 6% each year, and life expectancy of 30 years post retirement you need a corpus of approx. 2.5 crore - again assumed this will earn a return of 8% for the 30 years.
If you can invest wisely and generate a slightly higher return of say 10%, the corpus requirement will be 2 crore.

Your current investments at the time of retirement with value of 3.5 crore is sufficient to cover your expenses for the next 30 years inflation adjusted at 6%.
And this is excluding the properties you own and additional investments you can make for the next 4 years.

Summary - You are more than stable as far as your financial state is concerned. You have a strong base to meet your retirement needs and also a potential to create wealth for the generations ahead.

I want to highlight/recommend few points -
1. Increase the medical Insurance for yourself and family to 1Crore as medical expenses will only increase in future.
2. Stop the Term Life Insurance and save the premium for investment. As you have no liabilities and net-worth is high enough to cover any outcomes in life ahead, this premium is a lost cause considering your strong financial state.
3. Revisit the LIC Policies you have and consider surrendering/stopping them if they are not nearing their maturity. They are not giving you enough cover and providing below par returns. So do discuss with a trusted licensed advisor and evaluate them. If they will mature in the next 4 years, ignore this point.
4. Post retirement period is a long duration of 30 years, so do consider getting a good advisor - a Certified Financial Planner who can guide you to plan your retirement well and help you design a portfolio for additional wealth creation as a legacy for your children/dependents.


Thanks & Regards
Janak Patel
Certified Financial Planner.

Ans: Hello Mahi
You did not mention your category and home state. Assuming that you are from OC, it is difficult to get NITs, but admission to IIITs is possible. Best of luck to your bright future.
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Thanks
Radheshyam

Ans: Hello Yashnasree
Difficult to mention the names or lists here. Please google search.
Thanks