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Kanchan Rai  |276 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 21, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Jun 21, 2024Hindi

Hello, I am a 53-year-old male with 1 daughter, married for the last 19 years. My wife's good at housework, childcare, (teaching) job; she cares, likes me and daughter very much; since last 5 years, she has started showing as if she's doing us a favour by doing all this. Most times, she avoids talking and behaves like she doesn't care about me and others in my family; she even uses filthy abuses against elderly family members; if I ask anything she replies rudely. Now, daughter also has started behaving same way. I am fed up of this behaviour. I make maximum efforts to make them happy but can't understand the issue/s with them. Being a counselor, I have already tried various ways and methods of communication, respecting her (parental) relatives, etc but to no awail PLEASE HELP ME AVOID suicidal thoughts and feelings . If I talk about their behaviour, they blame me for everything. This has driven me to suicidal thinkings, which I despise

Ans: It sounds incredibly painful and isolating, especially since you’ve been trying so hard to keep your family happy and together. Feeling like you’re being taken for granted and facing disrespect can be deeply hurtful.

First and foremost, please know that your thoughts of suicide are a signal that you’re in significant distress, and it's crucial to reach out for help immediately. Talk to a mental health professional, a trusted friend, or a crisis hotline. You deserve support and understanding.

As for your situation at home, it’s clear that you care deeply about your wife and daughter, but their behavior is causing you immense pain. Sometimes, even the best efforts to communicate and connect can feel like they’re falling short. It might help to take a step back and focus on taking care of yourself right now. Prioritize your own well-being—whether that means finding time for activities you enjoy, seeking counseling, or even just allowing yourself space to breathe.

It could also be helpful to seek a family therapist who can offer a neutral perspective and facilitate more open, respectful communication. Having someone mediate can sometimes make all the difference in helping everyone understand each other's feelings.

You’re not alone in this, and it’s important to remember that it’s okay to put your own mental health first. Please reach out for the support you need—you’re worthy of care and compassion.

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Love Guru

Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on May 13, 2022

Dear Love Guru, Please keep me anonymous. I am a 45 years old married male. Ours was an arranged marriage. My spouse as well as my in-laws have cynical attitude towards life. They are always abusive towards everyone at their back even. Earlier, I used to take it lightly and also tried to make my wife understand that there are good people also in the world. I also used to think that she may not be having the same attitude at least towards me but I was wrong. I always did my best whenever she was in trouble or otherwise, be it in her social, professional or medical needs but instead of acknowledging she always found some ulterior motive of mine. She acts sweet whenever she wants anything or to get things done from me otherwise she becomes abusive. Moreover, since beginning she discusses everything over phone with her mother and acts as per her guidance. I don't think that anything whatever happens in between us be it good or bad or in our house is not known to her mother. Whenever we have any quarrel she immediately calls her mother and tells her only her side of the things and uses abusive words for me. I have even requested her that even if she feels like calling her mother to lighten up, she may do it, but at least in privacy so that I should not hear the words she uses. But, now after 14 years I am getting fed up and don't feel like being with her. I am continuing because of my daughter as separation may affect the child. We no longer share any emotional or physical intimacy. I am exhausted. Please advise.  Regards, Anonymous

Sounds like you’re tired of the marriage.

I would suggest attending some marital counselling together before you decide to finalise a split, if only for the sake of your daughter.

I understand that the child’s situation is taking precedence over yours, and that’s good parenting, but how long will you carry on like this? It’s been so many years already.

Your wife speaking to her mother about everything is understandable, but within earshot so that you hear it too is not. She obviously has ulterior motives.

Visit a competent counsellor. I’m sure you’ll be able to make headway in this situation.

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Anu Krishna  |1026 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 04, 2022

I have been married for a little more than five years and I am living under tremendous stress and depression. We live in a joint family with my parents and an unmarried brother. I had told her all this before marriage. She loves me very much but her attitude towards my relatives has been a matter of concern right from the start. She does not want to keep a relationship with anybody apart from my immediate family. Slowly, she started having problems with my mother also; both have started having minor clashes at home. Many times, it is my mother’s mistake. The main problem is that she is very nagging and complains and gets irritated very frequently at the smallest instance. Frustrated, I planned on separating with her but the news came of her pregnancy and we were blessed with a baby girl. After the baby was born, my wife’s frustration and irritation has increased manifold because of her fear that my mother will give much more love to the baby then she can. So their clashes have increased. Now my wife has been putting a lot of pressure on me to look for a new house away from my parents, since she wants her own space. I already have a home loan on the existing home and a car loan. There is very less scope for me to purchase a new home and I don't want to leave my parents. She just doesn't understand my position and clashes happen between us. Looking at all this, I desperately want to separate from her but can't do so because of our daughter. I love her the most and can't live without her. So I just endure what is happening every day. This has resulted in me slipping into depression. It has affected my work in office as well. I am not performing well, I don't like to speak with any of my friends or relatives, I don't feel like doing anything. I’m living for the sake of my daughter, that's it. Even my parents are not in a position to understand me and my situation so I can't talk to them either. Can you help? Just don’t publish my name.


It is unfortunate that you are in this situation.

Your wife is possibly not very inclined to be in a joint family set-up; the reasons maybe many. But isn’t it necessary for you as a husband and a father to look out for your family?

The misunderstandings caused between the two of you over the years because of being in a joint family set-up have never been addressed and much water has flowed under the bridge.

There is a slim chance that matters might get resolved if you get your mother and wife in the same room and iron it out, with you being a neutral person who does not take sides; this is the best option.

If this isn’t possible, kindly visit a family counsellor who can step in and show your family a way to live amicably or give you a perspective on how healthy it might be to live separately.

At the end of the day, you have responsibilities towards your wife and child too!

All the best and a Happy 2022.

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Anu Krishna  |1026 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 27, 2022

Hi AnuAt the outset, thank you very much for your time to listen to my situation.I am 50 years old, married to my lover (46 years now) and blessed with two daughters. My wife comes from an upper caste with a poor background. She was my subordinate and got married in 2001 after dating her for more than 18 months.Immediately after marriage, I lost my job due to my mismanagement of responsibility with no criminal action. I suffered for six months and relocated to overseas and lived there for the past 19 years.With my hard work and commitment, my financial situation has improved considerably now. However, my wife's attitude has consistently changed in line with my financial growth. She strongly believes that because of her luck and my daughter’s luck only I was able to earn that much and live comfortably. With my severe official commitments, I did not mind her attitude that much. After the lockdown, I got the opportunity to understand the change and realised that she has constantly ill-treated me over the past 10 years. Also, I lost my parents a few years ago and my father gave his self-earned property worth a few crores to my elder brother and left nothing to me. At the same time, my wife got her ancestor property worth a few lakhs. This incident psychologically weakened me as she consistently abuses me saying she got a few lakhs worth of property whereas I got nothing from my parents. Now, for the last two years, she is not allowing me to perform my parents’ annual death ceremony rituals. She consistently uses bad words against my (departed) parents and makes most negative comments for the donations I made so far and terms me as an Idiot and useless person. She also criticises me in front of my friends and relatives.Her harassment gone to the extent of pushing me to commit suicide and for the sake of my daughter’s welfare, I managed to come out of that mindset on my own. Now, I am determined to live…. at the same time unable to absorb my wife’s harassment. I tried to explain to her in many ways and even begged her many times to stop ill-treating me. Instead, she is asking me how I am able to tolerate despite her ill-treatment for the past few years….Our physical relationship got disconnected for the past five years as she lists out silly reasons for avoiding me. She is refusing to come along with me to meet a psychologist. Also, she disconnected her long-term friends and created a new circle of friends in order to erase her past and maintain a high social image.From your expertise, kindly advise me on how to handle this situation which will be of highest support for me as I am having sleepless nights for the past 2 years.Kindly do not publish my name and request you to keep it anonymous.

Dear S,

It’s obvious that there is something that your wife is upset about or missing and you have been blindsided by it.

It could be lack of love, attention or simply family’s worth that she might feel from money situation.

It needs a discussion but from your letter/e-mail, it doesn’t seem like she is interested in it.

What I don’t have information here is in the 19 years that you were out of the country, was she also with you?

This is vital information as things might have gone South while you were away.

Even if she did accompany you, maybe the mismanagement of responsibility situation that you mentioned was something that had thrown her off gear and insecure.

This vital information is missing for me to guide you even more effectively, but I can surely help you navigate with what is.

Yes, it needs a counsellor or a marriage therapist.

Nothing justifies talking ill about family members but when the mind is awry and unsettled, it does not think rationally which is why she is possibly displacing some anger or lack of affection or lack of something that is manifesting itself in different ways.

Ask yourself:

  • Where am I if I continue in the marriage?
  • Where am I if I don’t continue in the marriage?

This reality check will act as a compass to the next steps of action.

As a coach, it’s always nice to see a relationship work but reality might say something else.

So, be true to your thoughts and feelings, set aside any feelings of spite towards your wife and see things for what they are and move forward.

All the best!

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Anu Krishna  |1026 Answers  |Ask -

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

Madam, I'm 52 year old, with 20 years of married life. Have one daughter, 18 and one son, 15. I'm well earning government employee. My wife is also post-graduate. However, after marriage, she put half- hearted efforts to get govt job, but didn't succeed. She was never interested to live at different places for the sake of job and also wanted equal rank job. At that time, I didn't realize that she might be comparing with me. Any way, I was fine with any of her decisions. Later she told thatnshe wants to focus on children only. But, after 4-5 years, she started hating my all family members. While they are staying almost 1000 kms away, and except on few occasions, they never asked any help from me. Since last 10 years, she stopped talking to any of them. She doesn't allow my children to visit my native place and meet my family members, even during any marriages or function. My family members or friends aren't welcome at my home. Even after accepting all these nonsense behaviour, she never remains happy. She keeps passing sarcastic comments. She willn't dress nicely. Remains busy in watching movies/webseries on laptop. Many times, our arguments in the past turned to physical also. How long can I tolerate abuse for my family members? All such situations created toxic environment at home. Both of my children were sharp and intelligent, but now they are showing depressive symptoms. I'm not able to focus on my work and affected my personalty and performances. She wants no frills attached to me. In such case, she should have married to any orphan. She neither wants to meet any one for counselling. Now, I also snapped all relations with her family members. But looks, all the doors are also closed for me. I'm feeling suffocated. I neither leave her nor leave the world, as I love my children and my reputations. Kindly suggest the way out.
Ans: Dear Ramesh,
What it seems like to me from what you have shared is: a case of lost identity!
She has been struggling to find her acceptable place in her own eyes for herself.
In simple terms, she is not happy with the decisions that she has made in life and now chooses to complain about it by pushing people away.
Does this happen to others as well? Oh, YES!
When we have the desire to do something and then we suppress it with an excuse of taking care of the family etc, one fine day in the future, it comes back to haunt us.
In all likelihood, your wife might have done the same thing...I can only assume as from what you have shared, there is nothing else that seems to be the matter.

Now, because it has begun to affect the children, you have woken up but this has been going on with her for a while. Support her thoughts but not the behaviour that impacts everyone around. Give her an assurance that is she chooses to do something professionally, you will be there for her!

The key is not to give her solutions (that will bring down her self-esteem even lower) but to nudge her into thinking about doing something other than care for the family. Point her in a direction without being eager for her to take the bait. These things take time and the state of mind that she has now, if you push her, she will only resist. It's almost like teaching a child to walk or write for the first time. You don't walk for them but nudge them and wait for them to pick up at their own pace and praise them when they take those first baby steps. Get the drift, here? All this 'displeasure' with family members is only her way of complaining about her mind struggles.
Also, your children are old enough to support you through this journey as well. So seek their help on this.

Best wishes and it's nice to know that you still care and want to do something for her.

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Kanchan Rai  |276 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 06, 2024

I have been married for 23 years and father of 3 children. My age gap with my wife is 11 yrs. I have been helping my in-laws for the last 13 years financially every month and also additional medical costs. I am a single breadwinner and i earn a good income but unable to save much as my wife dont have any economic sense. secondly, she is a highly depressed woman and always threatens me of suicide or shall leave home scaring my children who are around 16 yrs of age and disturbing their studies. even a small counter point she will take it seriously and shout at me for a very long and will make all sorts of threats. I am fed up with this type of relationship with her and I am helpless as my children have another 5 yrs to go to reach adulthood. She spends too much not on luxuries but unnecessary expenses and social costs like gifts to friends and relatives and spends a lot of time for temple or pooja activities with addtional expenses.
Ans: Dear KKR
It's evident that you're dealing with a significant amount of stress and emotional strain due to your wife's behavior and financial situation. It's important to establish clear boundaries in your relationship with your wife. Communicate your concerns about her behavior and the impact it's having on you and your children. Let her know that threatening suicide or leaving home is not a healthy or productive way to resolve conflicts, and express your willingness to support her in seeking help and finding healthier ways to cope Consider sitting down with your wife to have an open and honest conversation about your financial situation and the importance of budgeting and saving for the future. Explore ways to track expenses, prioritize needs over wants, and work together to set financial goals that align with your family's long-term objectives. Consider consulting with a legal or financial advisor to explore options for protecting your assets and securing your financial future, especially if you're concerned about your wife's spending habits and the impact it may have on your financial stability. It's important to remember that you're not alone in dealing with these challenges, and there are resources and support available to help you navigate this difficult time. Reach out to trusted friends, family members, or professionals for guidance and support, and prioritize your own well-being and the well-being of your children as you work towards finding solutions to your current situation.

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Latest Questions

Ramalingam Kalirajan  |4631 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 13, 2024

Asked by Anonymous - Jun 09, 2024Hindi
Hi i am 30 years old and earning 1 lacs per month,....i have two kids ..i started SIP of 30K per month from last one year.....Large cap fund then Middle cap and around 20 % in small cap.....i dont have that much knowledge of MF so i selected SIp....Please suggest how much further i invest to retire around 50
Ans: It’s great that you’re thinking ahead and investing for your future. I understand that you might not have much knowledge about mutual funds, but you've already taken a positive step by starting a Systematic Investment Plan (SIP). Let's dive into how you can enhance your investment strategy to retire comfortably around the age of 50.

Understanding Your Current Situation
You're 30 years old and earning Rs 1 lakh per month. With two kids, you have important financial responsibilities. You’ve been investing Rs 30,000 per month through SIPs for the past year. You’ve diversified your investments across large-cap, mid-cap, and small-cap funds. That’s a great start!

The Power of SIPs
SIPs are a disciplined way to invest. They help you avoid market timing and average out the purchase cost of mutual fund units. This is beneficial, especially in volatile markets.

Evaluating Your Current Investments
Your current allocation is into large-cap, mid-cap, and small-cap funds. Here’s a brief look at each:

Large-Cap Funds: These funds invest in companies with a large market capitalization. They are generally considered safer than mid-cap and small-cap funds. They offer stable returns over the long term.

Mid-Cap Funds: These funds invest in mid-sized companies. They have the potential for higher returns but come with higher risk compared to large-cap funds.

Small-Cap Funds: These funds invest in smaller companies. They can provide very high returns but also come with significant risk.

Your current strategy is well-rounded, balancing growth potential and risk.

Active vs. Index Funds
While index funds follow a benchmark and provide average market returns, actively managed funds aim to outperform the market. Certified Financial Planners often recommend actively managed funds for their potential to deliver superior returns due to professional management.

Regular vs. Direct Funds
Direct funds have lower expense ratios because they don’t include commission fees. However, regular funds, managed by a Certified Financial Planner, offer professional advice and support. This guidance can help you make informed investment decisions, especially when market conditions change.

Increasing Your Investments
To retire by 50, you need to ensure your investments grow sufficiently. Here are some steps you can take:

Increase SIP Contributions: As your income grows, try to increase your SIP contributions. An annual increment in your SIP amount can significantly boost your corpus over time.

Diversify Further: While you have a good mix, consider adding other types of mutual funds like balanced funds or sectoral funds. They can provide additional growth opportunities and further spread your risk.

Emergency Fund: Ensure you have an emergency fund equivalent to 6-12 months of your monthly expenses. This will protect your investments in case of unforeseen events.

Insurance Coverage: Adequate life and health insurance are crucial. They protect your family and your investments in case of any unfortunate event.

Setting Up A Financial Plan
Creating a comprehensive financial plan with a Certified Financial Planner can provide a clear path to your retirement goals. Here are some key steps:

Define Your Goals: Clearly outline your retirement goals. How much do you need per month post-retirement? What are your children’s educational needs?

Assess Your Risk Appetite: Understand your risk tolerance. This will help in choosing the right mix of funds.

Review and Rebalance: Regularly review your portfolio. Rebalance it as per changing market conditions and your life stages.

Calculating the Required Corpus
While avoiding specific calculations, here’s a broad approach to estimate your retirement corpus:

Estimate Monthly Expenses: Calculate your current monthly expenses. Project these into the future, considering inflation.

Future Value Calculation: Determine the future value of these expenses at your retirement age. This gives an idea of your required corpus.

Investment Returns: Assume an average annual return from your investments. Factor in the power of compounding.

Enhancing Returns
To maximize returns:

Long-Term Perspective: Keep a long-term investment horizon. It allows your investments to grow and compound.

Consistent Investing: Continue investing through all market conditions. Consistency is key to wealth creation.

Professional Management: Consider the expertise of actively managed funds. They aim to outperform the market through informed investment decisions.

Preparing for Life Changes
Life is unpredictable. Preparing for major life events can safeguard your financial goals:

Children’s Education: Set aside funds for your children’s education. Education costs are rising, and early planning can ease this burden.

Medical Emergencies: Ensure you have sufficient health insurance. Medical emergencies can drain your savings if not adequately covered.

Major Purchases: Plan for major purchases like a house or car. This planning will help you avoid dipping into your retirement savings.

Tax Efficiency
Utilize tax-efficient investment options to maximize your returns:

ELSS Funds: Equity-Linked Savings Schemes provide tax benefits under Section 80C and potential for higher returns.

PPF and NPS: Public Provident Fund and National Pension System are excellent long-term investment options with tax benefits.

Final Insights
Investing for retirement requires careful planning and disciplined execution. You’re off to a great start with your SIPs and diversified investments. Increasing your contributions, diversifying further, and regularly reviewing your portfolio will set you on the right path.

Remember, the guidance of a Certified Financial Planner can be invaluable. They can help you navigate market complexities, rebalance your portfolio, and ensure you stay on track to meet your retirement goals.

Your proactive approach and commitment to investing are commendable. Keep up the good work, and you’ll achieve your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner


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Ramalingam Kalirajan  |4631 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 13, 2024

Asked by Anonymous - Jul 13, 2024Hindi
Greetings I am retiring in April 2027. I may get a retirement corpus of around 2Cr. I have FDs of around 60 L Mutual Funds 40L. I have two flats and the home loan of one flat will be repaid before my retirement. For the other flat there is no loan. Myself and my wife have ancestors property (land)valued at around 6 Cr. I may need a monthly income of 75 K.Kindly suggest investment options for me
Ans: First, congratulations on your upcoming retirement. You've done a great job building a solid financial foundation. You have a diverse portfolio with fixed deposits, mutual funds, real estate, and ancestral property. This diversification provides stability and potential growth.

Your expected retirement corpus of Rs. 2 crore is substantial. With this, along with your current assets and minimal loan commitments, you are well-positioned for a comfortable retirement. Let's evaluate your options to generate a monthly income of Rs. 75,000 while ensuring your capital grows and remains secure.

Creating a Retirement Income Plan
Fixed Deposits (FDs)
You have Rs. 60 lakhs in fixed deposits. FDs offer security and guaranteed returns. However, their interest rates may not keep pace with inflation. It's wise to keep a portion of your retirement corpus in FDs for liquidity and safety. Allocate around 20-25% of your corpus here.

Mutual Funds
You already have Rs. 40 lakhs in mutual funds. Mutual funds are excellent for growth and can be tailored to match your risk tolerance. Consider the following types of funds:

Balanced Funds

Balanced funds provide a mix of equity and debt. They offer growth potential while minimizing risk. Given your age and risk tolerance, a balanced fund can help maintain stability.

Equity Funds

Equity funds are suitable for long-term growth. They can be volatile, but with a horizon of 10-15 years, they can significantly enhance your returns. Diversify across large-cap, mid-cap, and multi-cap funds to spread risk.

Debt Funds

Debt funds are less risky and provide regular income. They are good for short-term needs. Invest in high-quality debt funds to ensure safety and reasonable returns.

Systematic Withdrawal Plan (SWP)
Use an SWP from your mutual fund investments to generate a regular income. It allows you to withdraw a fixed amount monthly, providing you with Rs. 75,000. This method ensures that your capital continues to grow while providing you with the needed income.

Additional Investment Options
Senior Citizens' Saving Scheme (SCSS)
SCSS is a government-backed scheme offering attractive interest rates and regular income. It's safe and suitable for retirees. You can invest up to Rs. 15 lakhs individually or Rs. 30 lakhs jointly. The interest is paid quarterly, providing a steady income.

Post Office Monthly Income Scheme (POMIS)
POMIS is another secure option. It offers a fixed monthly income and is backed by the government. You can invest up to Rs. 4.5 lakhs individually or Rs. 9 lakhs jointly. The interest rate is competitive, and the monthly payout can supplement your income.

Corporate Bonds and Non-Convertible Debentures (NCDs)
Investing in high-rated corporate bonds and NCDs can provide higher returns than traditional FDs. They come with a fixed tenure and interest rate, offering a predictable income stream. Ensure to choose high-rated instruments to minimize risk.

Dividend-Paying Stocks
Investing in blue-chip companies that pay regular dividends can provide a steady income. Dividends are usually paid quarterly and can supplement your monthly income. Choose companies with a strong track record of consistent dividends.

Monthly Income Plans (MIPs)
MIPs offered by mutual funds invest predominantly in debt instruments with a small portion in equity. They aim to provide regular income and capital appreciation. MIPs can be a good option for generating monthly income with moderate risk.

Assessing Risks and Diversification
Risk Assessment
Retirement planning requires balancing risk and returns. While you need growth to beat inflation, capital preservation is equally crucial. Assess your risk tolerance and align your investments accordingly. A mix of safe and growth-oriented investments will ensure stability and growth.

Diversification reduces risk and enhances returns. Spread your investments across different asset classes like FDs, mutual funds

, government schemes, and stocks. This strategy ensures that poor performance in one area does not significantly impact your overall portfolio.

Tax Efficiency and Planning
Tax-Saving Instruments
Maximize your tax benefits by investing in tax-saving instruments under Section 80C, such as Equity-Linked Savings Schemes (ELSS) and SCSS. These instruments help reduce your taxable income while offering growth and regular income.

Tax on Returns
Understand the tax implications of your investments. For instance, interest from FDs and SCSS is taxable, while long-term capital gains from equity mutual funds enjoy favorable tax treatment. Plan your withdrawals and investments to minimize tax liabilities.

Health Insurance
Ensure you and your wife have adequate health insurance coverage. Medical expenses can erode your retirement corpus quickly. A comprehensive health insurance plan will provide peace of mind and financial security.

Estate Planning
Wills and Trusts
Estate planning is essential to ensure your assets are distributed according to your wishes. Draft a will to specify how your properties and investments should be allocated. Consider setting up a trust for efficient estate management and to minimize disputes among heirs.

Nomination and Succession
Ensure all your financial instruments have updated nominations. This simplifies the process for your heirs and ensures that your assets are transferred smoothly. Discuss your plans with your family to avoid confusion and misunderstandings later.

Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of your monthly expenses. This fund should be easily accessible and kept in a liquid instrument like a savings account or a liquid mutual fund. It provides a financial cushion for unexpected expenses.

Reviewing and Adjusting Your Plan
Regular Reviews
Regularly review your investment portfolio to ensure it aligns with your goals and risk tolerance. Financial markets and personal circumstances change, so adjust your plan accordingly. Seek advice from a Certified Financial Planner to stay on track.

Rebalancing your portfolio periodically is crucial to maintain your desired asset allocation. If your equity investments perform well, they might constitute a larger portion of your portfolio, increasing risk. Rebalance by selling a portion of equity and investing in debt to restore balance.

Stay Informed
Keep yourself informed about financial markets and new investment opportunities. Continuous learning helps make informed decisions and adapt to changing market conditions. Subscribing to financial newsletters and attending seminars can enhance your knowledge.

Long-Term Growth Strategies
Equity Investments
For long-term growth, maintain a portion of your portfolio in equity investments. Equities have historically outperformed other asset classes over the long term. However, they come with higher risk, so balance your equity exposure based on your risk tolerance.

Real Assets
While you've asked not to consider real estate, it's worth mentioning that your ancestral property is a significant asset. Ensure it is well-maintained and consider potential income streams from it, such as renting or leasing, to supplement your retirement income.

Genuine Compliments and Appreciation
You have done an admirable job of planning and saving for your retirement. Your diverse portfolio, debt-free lifestyle, and significant assets reflect careful planning and financial discipline. It’s evident that you have a clear vision for a comfortable and secure retirement.

Your meticulous approach towards ensuring a regular income and safeguarding your assets for the future is commendable. You’ve laid a strong foundation for your golden years, and with a few strategic adjustments, you can enjoy a financially worry-free retirement.

Final Insights
Retirement planning is a continuous process that requires regular monitoring and adjustments. Your primary goal should be to ensure a stable and sufficient income while preserving your capital. Diversify your investments, assess risks carefully, and make informed decisions.

Utilize safe investment options like SCSS, POMIS, and high-rated corporate bonds for regular income. Consider mutual funds for growth, and always keep an emergency fund. Regular reviews and rebalancing will keep your portfolio aligned with your goals.

Stay informed, and don’t hesitate to seek advice from a Certified Financial Planner to optimize your strategy. Your proactive approach and diversified portfolio set you up for a successful and enjoyable retirement. Keep up the good work and continue to make prudent financial decisions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


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Ramalingam Kalirajan  |4631 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 13, 2024

Asked by Anonymous - Jul 13, 2024Hindi
Hello sir, I am 36 years old ,single working woman. My monthly oncomebis 2 lakhs 23 thousand. I have a home loan with 73K emi. I have about 6.5 in PPF and about 3 lakhs in PF. Currently I work directly with a Canadian company that puts me in a tax bracket of Consultants. I have NPS of 4 lakhs and annually invest in NPS, PPF and home loan. I want to create a savings of 10 lakhs in the next 3 years and pay off my home loan in the next 7 year. Please advise
Ans: Creating a financial plan that aligns with your goals is crucial. Your situation is unique, and your aspirations of saving Rs. 10 lakhs in the next three years and paying off your home loan in seven years are commendable. Let's outline a strategy to help you achieve these objectives.

Understanding Your Current Financial Situation
Income and Expenses

Your monthly income is Rs. 2.23 lakhs, with an EMI of Rs. 73,000 for your home loan. This leaves you with Rs. 1.5 lakhs to manage your other expenses, savings, and investments.

Existing Investments

You have Rs. 6.5 lakhs in PPF, Rs. 3 lakhs in PF, and Rs. 4 lakhs in NPS. These are stable and relatively low-risk investments.

Tax Considerations

As you work for a Canadian company, you fall into the consultant tax bracket, which may offer different tax advantages. Utilizing tax-saving investments efficiently can help reduce your tax burden.

Setting Clear Financial Goals
Savings Goal

You aim to save Rs. 10 lakhs in the next three years. This is achievable with disciplined planning.

Home Loan Repayment

Your goal to repay your home loan in the next seven years requires a structured approach. Accelerating loan repayment will save interest over time.

Creating a Structured Savings Plan
Monthly Savings Target

To save Rs. 10 lakhs in three years, you need to save about Rs. 27,777 per month. This should be manageable with your current income and expenses.

Emergency Fund

Before anything else, ensure you have an emergency fund. This fund should cover 6-9 months of expenses. It acts as a safety net against unexpected financial shocks.

Investment Strategies
PPF and PF Contributions

Continue your contributions to PPF and PF. These provide stability and tax benefits.

Mutual Funds

Consider investing in actively managed mutual funds. These funds are managed by professional fund managers who can adjust the portfolio to maximize returns.


Diversify your investments across different asset classes. This reduces risk and can enhance returns. You might consider a mix of equity and debt funds.

Tax Efficiency
Tax-Saving Investments

Maximize your contributions to tax-saving instruments like PPF, NPS, and ELSS (Equity Linked Savings Scheme). These can reduce your taxable income.

Home Loan Interest Deduction

Utilize the tax benefits on home loan interest payments under Section 24(b). This can significantly reduce your taxable income.

Accelerating Home Loan Repayment
Prepayment Strategy

Consider making prepayments on your home loan when possible. Even small prepayments can reduce the principal and, consequently, the interest burden.

Increase EMI Amount

If possible, increase your EMI amount annually. This will help reduce the loan tenure and save on interest.

Regular Review and Adjustment
Annual Financial Review

Review your financial plan annually. Adjust your strategies based on changes in income, expenses, and goals.

Consult a Certified Financial Planner

A certified financial planner can provide personalized advice. They can help optimize your investment and savings strategies.

Smart Budgeting and Expense Management
Track Your Expenses

Use budgeting tools to track your monthly expenses. Identify areas where you can cut back and save more.

Prioritize Spending

Prioritize essential expenses and limit discretionary spending. This will help you save more towards your goals.

Leveraging NPS for Long-Term Goals
NPS Contributions

Continue contributing to your NPS. It’s a robust tool for long-term retirement planning.

Tax Benefits

NPS contributions offer additional tax benefits under Section 80CCD(1B), up to Rs. 50,000.

Maximizing Returns on Existing Investments
Regular Monitoring

Monitor your PPF and PF investments. Ensure they are aligned with your overall financial goals.

Rebalancing Portfolio

Periodically rebalance your investment portfolio. This ensures it remains aligned with your risk tolerance and financial goals.

Building a Contingency Plan
Insurance Coverage

Ensure you have adequate health and life insurance. This protects your financial plan against unforeseen events.

Creating a Will

Consider creating a will to ensure your assets are distributed according to your wishes. This provides peace of mind and security for your loved ones.

Final Insights
Your financial goals are achievable with careful planning and disciplined execution. By saving systematically, optimizing your investments, and efficiently managing your debt, you can create a secure financial future. Regular reviews and adjustments to your plan will ensure you stay on track towards achieving your aspirations.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,


...Read more

Nayagam P

Nayagam P P  |1884 Answers  |Ask -

Career Counsellor - Answered on Jul 13, 2024

Asked by Anonymous - Jul 13, 2024Hindi
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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