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Anu

Anu Krishna  |1003 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 01, 2024

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
Asked by Anonymous - Jun 28, 2024Hindi
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Relationship

Hello Anu, I am married for over 20 years. My wife has anger issues. Firstly, she gets annoyed with anything or everything. Secondly, she cannot control her anger. I had always taken a stand that I have to manage the marriage so what is the need of getting into confronting mode. Many a times, divorce crossed my mind but I could not gather the courage. Then tried to manage the situation by agreeing to everything and not sharing my opinions. I feel the home is like a prison. I feel uncomfortable when she is around me. I used to be a very social and jovial personality. Now people say I don't talk that much, the wittiness I had has vanished. I used to sing, record my own songs, take part in cultural events and activities. But now all gone. What ever I speak when we meet at family and friends get together, there is a complete postmortem of every sentence and intent. My elder son now says that I should keep my foot down. I am pushed to pass on all my salary to my wife's account and then have to ask her for any spends that I do. Over and above that every spend for her is un-necessary. I have multiple times tried to talk to her.. she says 'Whatever you say, I will not agree and you know that so don't waste your time in convincing me rather change yourself and do what I am saying'. It is becoming vicious and taking a toll on my energy. I feel like staying out of the house. But when around friends she behaves nicely.. Don't have answers. I want to take her to councellor so as we both can get advise. But she says, change yourself we will be happy. I am not going to change. I mean I am not asking her to change, but just be emphathatic. Am I asking for too much. I also agree that I may have flaws I am no perfect but no one is, why then am I looked upon to be a perfect person? V

Ans: Dear Anonymous,
It is a difficult situation to be around someone who has issues with anger and in this case it's your wife!
Anger is just a call or cry for help. Have you seen a child display anger and throw his/her toys around just to get their mother's attention?
Now, what is it that you wife lacks is something only you will know. She feels a certain lack in her life.
It could be lack of achievement, lack of self-worth, lack of a healthy self-esteem, lack of healthy nutrients in the body, lack of good quality sleep, lack of useful social environment.

I also believe what and who we surround ourselves with will define how our day goes and how our life will pan out. Now, because she fails to see the role of a counselor, you are forced to work at this on your own. So, start by trying to find out:
- what area of lack is she in?
- what triggers her anger episodes?
- how does she come out of these episodes?
- are the people/friends around her very different from her value systems?
- when was the last time she had a general check-up to see if all the health parameters are good?
- how actively has she pursued a career or a hobby?
- how many hours of sleep does she get?
- does she eat nutritious food that's meant for her age?

Since you are on your own with this, get deeper into this; I do agree your feelings are on the back-burner BUT till you sort this, it's going to haunt you. Sometimes the display of anger is much bigger that forces us to believe that the problem is a big one. It could just be a simple cause...Only when you try to identify it, will you know how and what it is.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Anu

Anu Krishna  |1003 Answers  |Ask -

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

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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.
Ans:

Hi

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.

..Read more

Anu

Anu Krishna  |1003 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 29, 2021

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Relationship
Dear Anu, I am married for 18 years. Have two kids, son (17) and daughter (9). My problem is that though I am in a regular job at a PSU, my wife thinks that I don't earn much. She thinks so much and get stressed which in turn gets in explosive and when it burst I cannot control myself and I get physical (manhandle) her. Due to this all fault becomes my fault and I have to apologise to her for behaviour. Apart from this she is having some kind of problem which she keeps fuming at me or anyone for that matter for anything. When I get irritated by such things she refuses that she didn't even said so. If said so, I understood it in wrong sense. I think I am having too many problems which I cannot explain here. Sometimes I think of going to psychiatrist but don't wish to go because then I will be certified as mad and thereafter all fault and problems will be due to me. If I ask her to go to psychiatrist she won't agree either. Please help how to deal such situation in this stage of life. I love her so much so there is no question of separating from her. Please feel free to ask me anything you require for giving me a response.
Ans: Dear AKB, why does money ever come into a marriage; I wonder!

Well, we do need money to keep the family running, right?

Somehow, external happenings of someone earning more can get into the marriage cropping up as comparisons.

What started as a mere seed of comparison, slowly starts to become a huge tree with fruits of poison robbing even the small successes that you might have had.

Even that seems never enough leaving you with a feeling of inadequacy.

This affects marriage compatibility and comes out as anger, sadness, violent outburst, finger pointing which is evident in your marriage.

At the same time, I am sure your wife does not really intend to hurt you with these behavioural displays.

And that’s why externalising the situation to be your fault arises and she does not want to think that her perceptions are what are causing the situation.

Either you sit her down and bring her down to facts of the matter that this is how life is going to be and this is the money is what you can bring.

If it’s still an issue and she has a hard time accepting this reality, involve an elder member from her family to communicate with her.

Show her the mirror as to how her wants are unequal to what money is coming in and how this regular chatter might be affecting the children as well.

If anyone needs professional intervention, it’s both of you going to a therapist and not a psychiatrist.

The expert can help out things into perspective where both of you can rebuild your relationship with renewed mind spaces.

Happy rebuilding!

..Read more

Anu

Anu Krishna  |1003 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jan 24, 2024

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Relationship
Hi, how to know if I'm in Toxic relation? Problem is my wife gets angry for reasons only known to her. When she got angry she locks the door and stay there until you kept banging it. Even left unattended she will stay inside the room for day (last time she stayed for 4days without food- I believe so) or she leaves the house without information and I need go out and search for her. Even if she opens the door by anychance I should beg like anything for her to eat/drink. There's no communication whatsoever. I tried to convey it many times, if you got angry take sometime and should respond saying what mistake I did either by a message or a note or something she is comfortable with. But all the efforts were in vain. Its been almost 1.5years but still we did consumate, I took her to a gynecologist but even after getting some consultation she didn't change. Sometimes she showcases too much affection and also the anger side. I feel like I'm fearing to talk to take even small decisions like spending time with my family/friends/going out alone. Even she gets possessive if I talk to my cousin/neiece which I don't understand. Informed her father/brother on few things but still there is no improvement. I just feel I'm lost and donno about the future (kids/house/bring parents to stay with me/ etc..). Plz help
Ans: Dear Sandeep,
What you are facing is called 'Emotional Blackmail' which is toxic. It's like when a child who cannot speak does not get what he/she wants, there's a tantrum thrown around just to get your attention.
As an adult, your wife is displaying something similar as she protests by locking herself up to get your attention and make you do or undo certain things that has caused her displeasure or sadness.
She must train herself to communicate what she wants and not, what exactly she does not like...instead if she throws a tantrum, ignore her...even if it's a child, instead of giving into the tantrum, if you ignore, the child calms down and then learns how to convey through communication...
When she is hungry or thirsty, eventually she will open the door and eat...don't worry. But the more you accept this behavior, the more she will continue to gain your attention. So help her learn how to communicate.
(By the way, how does a gynaecologist fit in here? I don't understand the relevance!)
But it be good if you did do a blood check to rule out any vitamin deficiencies which can trigger a lot of low states of mind. Talk to your GP who can advice you on this...till then help her learn a new behavior of communication.

All the best!

..Read more

Kanchan

Kanchan Rai  |268 Answers  |Ask -

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

Asked by Anonymous - Feb 06, 2024Hindi
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Relationship
I've been married for 9 years and I love my wife and 2 beautiful kids infinitely. I have an issue where my voice gets raised when she taunts me, tells lies, keeps stuff hiding or that gets converted into an argument and finally, my wife stops talking with me for days/months (last time she took 2 months to start talking normally which lasted less than a month) I always apologise for my overreaction but still she cries and says I’ve sacrificed everything for you and tell me what have you sacrificed till date and to be honest I’m not a person to count the sacrifices that I do for my family because it’s my family and it’s my love & responsibility towards them. However, I keep trying by apologising and she still shows me attitude and taunts me always trying to make me realise my mistake then again I become furious and I feel like all my efforts of making life normal are going in vain which triggers a lot of pain in me and I mentally & and emotionally suffer. I many times told her that I only live for you & kids. I told her my anger would last for a few minutes but I'll become normal in some time and I also told her that I'll work on my anger & reactions in future. I told her many times that not everyone is perfect if I have 1 negative point, then I also have 1 positive point and vice versa. I now feel like I'm compromising my mental & and emotional health and she kept me also away from my physical needs when I needed the most. I don’t need anything else but support and love in the ups & downs of my life as a normal couple. I just need my wife to understand me as a human who can make mistakes and try to learn from them. I don’t know what to do as I just can’t suffer from her behaviour towards me and sometimes alone or at bedtime, I feel as if she is happy without me and doesn’t want to make our life normal as a family then why don’t I give her peace by letting her go or I end everything.
Ans: I'm sorry to hear about the challenges you're facing. It's clear that both you and your wife are experiencing significant distress, and it's important to find constructive ways to address these issues and improve your relationship. Effective communication is key to resolving conflicts and strengthening relationships. Focus on active listening, empathy, and expressing your thoughts and feelings in a calm and respectful manner. Encourage open and honest dialogue with your wife, and be willing to listen to her concerns and perspective without becoming defensive or dismissive It's commendable that you recognize the need to work on your anger and reactions. Consider seeking individual therapy or counseling to explore healthy coping mechanisms, stress management techniques, and strategies for managing anger in a constructive way. Learning to regulate your emotions can help reduce conflicts and improve communication in your relationship Make an effort to prioritize positive interactions and moments of connection in your relationship. Engage in activities that bring you joy and strengthen your bond as a couple and as a family. Celebrate each other's accomplishments, express gratitude, and show appreciation for the small gestures of love and kindness. Ultimately, every relationship requires effort, understanding, and compromise from both partners. It's important to approach these challenges with patience, compassion, and a willingness to work towards positive change. If despite your best efforts, the relationship continues to cause you significant distress and unhappiness, it may be necessary to reevaluate your options and consider what is best for your overall well-being.

..Read more

Kanchan

Kanchan Rai  |268 Answers  |Ask -

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

Listen
Relationship
I've been married for 9 years and I love my wife and 2 beautiful kids infinitely. I have an issue where my voice gets raised when she taunts me, tells lies, keeps stuff hiding or that gets converted into an argument and finally, my wife stops talking with me for days/months (last time she took 2 months to start talking normally which lasted less than a month) I always apologise for my overreaction but still she cries and says I’ve sacrificed everything for you and tell me what have you sacrificed till date and to be honest I’m not a person to count the sacrifices that I do for my family because it’s my family and it’s my love & responsibility towards them. However, I keep trying by apologising and she still shows me attitude and taunts me always trying to make me realise my mistake then again I become furious and I feel like all my efforts of making life normal are going in vain which triggers a lot of pain in me and I mentally & and emotionally suffer. I many times told her that I only live for you & kids. I told her my anger would last for a few minutes but I'll become normal in some time and I also told her that I'll work on my anger & reactions in future. I told her many times that not everyone is perfect if I have 1 negative point, then I also have 1 positive point and vice versa. I now feel like I'm compromising my mental & and emotional health and she kept me also away from my physical needs when I needed the most. I don’t need anything else but support and love in the ups & downs of my life as a normal couple. I just need my wife to understand me as a human who can make mistakes and try to learn from them. I don’t know what to do as I just can’t suffer from her behaviour towards me and sometimes alone or at bedtime, I feel as if she is happy without me and doesn’t want to make our life normal as a family then why don’t I give her peace by letting her go or I end everything.
Ans: It sounds like you're dealing with a lot of emotional turmoil and frustration, and it's important to find constructive ways to address these issues and improve your relationship. Effective communication is key to resolving conflicts and strengthening relationships. It's important to have open and honest conversations with your wife about your feelings, concerns, and the impact of her behavior on your well-being. Encourage her to share her perspective as well, and try to listen empathetically without becoming defensive Consider seeking individual therapy or counseling to explore healthy coping mechanisms, stress management techniques, and strategies for managing anger in a constructive way. Learning to regulate your emotions can help reduce conflicts and improve communication in your relationship Make an effort to prioritize positive interactions and moments of connection in your relationship. Engage in activities that bring you joy and strengthen your bond as a couple and as a family. Celebrate each other's accomplishments, express gratitude, and show appreciation for the small gestures of love and kindness. Ultimately, every relationship requires effort, understanding, and compromise from both partners. It's important to approach these challenges with patience, compassion, and a willingness to work towards positive change. If despite your best efforts, the relationship continues to cause you significant distress and unhappiness, it may be necessary to reevaluate your options and consider what is best for your overall well-being.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |4197 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jun 28, 2024Hindi
Money
Hello Sirr Myself Subhro, Now i just started my professional life i have with a 2.5 LK Of loans outstanding my monthly salary is 15000. I have some 2nd Income that flexible at 6000/-Month. With i have 50000 in Fixed Deposit, 1 LK in Kisan Vikash Patra, 25000 in Mutual Funds and 15000 in My Nps Investment in Aggressive Growth with a active Sip Of 1000/Month with a Running Sip Of 2000/Monthly. Now i planning with a retirement at 50 yrs Age With A fixed term Of Pension 1 lk/Monthly without Nps Investment Returns what calculation i need for reach the financial goal? I have a monthly family Expense Of 5000/Month. With All My Savings & investing is growthing i want 1 LK/Month Payout from My 50 yrs Age. Can Please help me
Ans: First of all, congratulations on starting your professional life and thinking ahead about your financial future! It’s great to see you have some investments already. Let’s explore a detailed plan to achieve your retirement goal of Rs 1 lakh per month starting at age 50.

Assessing Your Current Financial Situation
Income and Expenses
Your current monthly salary is Rs 15,000, and you have an additional flexible income of Rs 6,000 per month. Your total monthly income is Rs 21,000.

Your family expenses are Rs 5,000 per month. This leaves you with Rs 16,000 per month for savings, investments, and loan repayments.

Existing Investments and Loans
You have the following investments:

Fixed Deposit: Rs 50,000
Kisan Vikas Patra: Rs 1 lakh
Mutual Funds: Rs 25,000
NPS Investment: Rs 15,000
SIPs: Rs 3,000 per month (Rs 1,000 in NPS and Rs 2,000 in mutual funds)
You also have an outstanding loan of Rs 2.5 lakh.

Financial Goals
Retirement Goal
You aim to retire at 50 with a monthly pension of Rs 1 lakh. This requires significant planning and disciplined investing.

Loan Repayment
Your outstanding loan of Rs 2.5 lakh needs to be managed efficiently to reduce interest burden.

Steps to Achieve Your Financial Goals
Loan Repayment Strategy
Prioritize repaying your outstanding loan of Rs 2.5 lakh. This will reduce your interest burden and free up more funds for investments. Allocate a portion of your flexible income towards extra loan repayments.

Building Emergency Fund
Maintain an emergency fund equivalent to 6 months of expenses. This ensures you have liquidity for unforeseen events. Your Fixed Deposit of Rs 50,000 can be part of this fund. Aim to increase it gradually.

Boosting Savings and Investments
With Rs 16,000 available after expenses, here's how you can allocate it:

Loan Repayment: Rs 6,000 per month (in addition to regular EMI)
Emergency Fund: Rs 2,000 per month until you reach your target
Investments: Rs 8,000 per month
Diversifying Investments
Mutual Funds
Mutual funds offer growth potential through equity exposure. Invest in a mix of equity and balanced funds for diversification. Actively managed funds can help achieve higher returns compared to index funds.

Public Provident Fund (PPF)
PPF is a safe, tax-efficient investment with long-term benefits. Consider opening a PPF account and invest up to Rs 1.5 lakh annually to benefit from compounding and tax savings under Section 80C.

National Pension System (NPS)
Continue your NPS investments for retirement benefits. NPS offers tax advantages and a disciplined savings mechanism. Increase your monthly SIP if possible to boost retirement corpus.

Systematic Investment Plan (SIP)
Increase your SIPs in mutual funds to take advantage of rupee cost averaging and compounding. A diversified portfolio with a mix of large-cap, mid-cap, and multi-cap funds can provide balanced growth.

Calculating Retirement Corpus
To achieve a monthly pension of Rs 1 lakh from age 50, you need to build a substantial retirement corpus. Assuming a conservative withdrawal rate of 4%, you would need a corpus of Rs 3 crore.

Power of Compounding
Start early and invest consistently to benefit from compounding. Even small, regular investments can grow significantly over time.

Example Portfolio Allocation
Equity Mutual Funds
Allocate 60% of your investments to equity mutual funds. This includes large-cap, mid-cap, and multi-cap funds. Equity funds offer higher growth potential, suitable for long-term goals like retirement.

Debt Mutual Funds
Allocate 30% to debt mutual funds for stability and lower risk. Debt funds provide regular income and preserve capital.

Hybrid Funds
Allocate 10% to hybrid funds (balanced funds). These funds invest in both equity and debt, offering a balance of growth and stability.

Regular Portfolio Review
Review your investment portfolio regularly. Market conditions change, and it's important to rebalance your portfolio to stay aligned with your goals.

Tax Planning and Optimization
Tax-Efficient Investments
Invest in tax-efficient instruments like ELSS (Equity-Linked Savings Scheme) for tax savings under Section 80C. Optimize your portfolio to minimize tax liabilities.

Retirement Corpus Withdrawal Strategy
Plan your withdrawal strategy to minimize tax impact. Withdraw from tax-exempt sources like PPF and use tax-efficient SWPs.

Risk Management and Diversification
Diversified Portfolio
Maintain a diversified portfolio to spread risk. Invest across different asset classes like equity, debt, and balanced funds.

Regular Portfolio Review
Review your investment portfolio regularly. Market conditions change, and it’s crucial to rebalance your portfolio to stay aligned with your goals.

Seeking Professional Guidance
Certified Financial Planner (CFP)
Working with a CFP provides personalized advice and strategic planning. A CFP can help you navigate financial decisions and optimize your investment strategy.

Financial Workshops and Seminars
Attend financial workshops and seminars to stay updated on investment strategies and market trends. Continuous learning can enhance your financial acumen.

Creating a Legacy and Estate Planning
Will and Estate Planning
Draft a will to ensure your assets are distributed as per your wishes. Estate planning is crucial to provide financial security to your family.

Nomination and Beneficiaries
Ensure all your investments have the correct nomination details. This simplifies the process for your family in case of any eventuality.

Final Insights
Achieving your retirement goal of Rs 1 lakh per month requires disciplined savings, strategic investments, and careful planning. Focus on repaying your loans to reduce interest burden, build an emergency fund for liquidity, and diversify your investments across equity, debt, and hybrid funds.

The power of compounding is your best ally. Start early, invest regularly, and review your portfolio periodically. Working with a Certified Financial Planner can provide personalized advice and ensure you stay on track with your financial goals.

Your disciplined approach to savings and investments, combined with strategic planning, will help you achieve financial stability post-retirement. Stay focused on your goals, and with the right strategies, you can secure a comfortable and fulfilling retirement for yourself and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4197 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jun 25, 2024Hindi
Money
Hi I am a 39 years old and I need my retirement solutions in next 19 years. I want to generate Rs 1 lakhs per month after inflation adjusted. Current monthly expenses is Rs 35000, no loans and emi, currently investment Rs 5600per month in (total 700000 till now) MF. Rs 30000 in shares, EPF 200000, PF 20000, fixed deposit Rs, 20000. How much I required to enjoy my life after retirement
Ans: Planning for retirement is crucial, and it's great that you’re starting now. At 39, you have 19 years to build your retirement corpus. Let's dive into a detailed financial plan to achieve your goal of Rs 1 lakh per month post-retirement, adjusted for inflation.

Understanding Your Financial Goals
Your primary financial goals are:

Retirement Corpus: Generate Rs 1 lakh per month post-retirement, adjusted for inflation.

Investment Strategy: Optimize your current investments and increase your monthly savings.

Analyzing Your Current Financial Situation
Current Investments:

Mutual Funds: Rs 7,00,000 total, Rs 5,600 per month.
Shares: Rs 30,000.
EPF: Rs 2,00,000.
PF: Rs 20,000.
Fixed Deposit: Rs 20,000.
Monthly Expenses: Rs 35,000.

You have no loans or EMIs, which is excellent. This allows you to allocate more towards your investments.

Estimating Retirement Corpus
To generate Rs 1 lakh per month after retirement, accounting for inflation, let's assume an average inflation rate of 6% per year.

Retirement Planning Strategy
1. Increase Monthly SIPs
To achieve your retirement goal, you need to increase your monthly investments. Consider increasing your SIPs in mutual funds. Diversify across various mutual funds for balanced growth and risk management.

A. Equity Mutual Funds

Equity mutual funds offer higher returns over the long term but come with higher risks. They are suitable for your long-term goal.

Large Cap Funds: Invest in well-established companies.
Mid Cap Funds: Invest in medium-sized companies with growth potential.
Small Cap Funds: Invest in smaller companies with high growth potential.
B. Hybrid Funds

Hybrid funds invest in both equity and debt instruments. They offer balanced returns with lower risk.

Aggressive Hybrid Funds: Higher allocation to equities.
Balanced Advantage Funds: Dynamic allocation between equity and debt.
C. Systematic Investment Plan (SIP)

Increase your SIP amount gradually. Start with a manageable increase and aim to invest at least 20% of your monthly income.

2. Employee Provident Fund (EPF) and Public Provident Fund (PPF)
EPF and PPF are government-backed schemes that offer attractive interest rates and tax benefits. Continue contributing to your EPF and consider opening a PPF account.

PPF: Invest up to Rs 1.5 lakh per year. It offers a lock-in period of 15 years, making it suitable for long-term goals.
3. Fixed Deposits and Debt Funds
While fixed deposits are safe, they offer lower returns. Consider allocating more towards debt mutual funds which offer better returns with moderate risk.

Debt Mutual Funds: Suitable for short to medium-term goals. They invest in fixed income securities and provide better returns than fixed deposits.
4. Diversification and Risk Management
Diversification reduces risk and ensures steady returns. Here's how to diversify your portfolio:

Equity Mutual Funds: 50% allocation.
Hybrid Funds: 20% allocation.
Debt Mutual Funds: 20% allocation.
PPF and EPF: 10% allocation.
Regular Review and Adjustment
Financial planning is dynamic. Regularly review and adjust your investments based on market conditions and your financial goals.

Annual Review: Review your financial plan at least once a year.

Adjust Investments: Adjust your investments based on changes in your financial goals, market conditions, and risk tolerance.

Power of Compounding
The power of compounding works best when you start early and stay invested for a long time. The interest earned on your investments gets reinvested, which in turn earns more interest. This cycle continues, leading to exponential growth of your investment over time.

Tax Planning
Maximize tax-saving investments to reduce your tax liability and boost your savings.

Section 80C: Invest in PPF, EPF, ELSS, and other tax-saving instruments to avail tax benefits under Section 80C.

Section 80D: Avail tax benefits on health insurance premiums under Section 80D.

Insurance Planning
Adequate insurance coverage is essential to protect your family's financial future.

Term Insurance: Provides financial security to your family in case of your untimely demise. Ensure your coverage is sufficient to cover your family's needs.

Health Insurance: Covers medical expenses and protects your savings. Consider a family floater plan to cover yourself and your dependents.

Final Insights
Achieving your retirement goals requires disciplined saving and investing. Here are some final insights to help you stay on track:

Start Early: The earlier you start investing, the more time your money has to grow.

Be Disciplined: Stick to your investment plan and avoid unnecessary expenditures.

Diversify: Diversify your investments to manage risk and ensure steady returns.

Seek Professional Advice: Consult a Certified Financial Planner (CFP) for personalized financial advice.

By following this comprehensive financial plan, you can ensure a secure and comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4197 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jun 25, 2024Hindi
Money
Currently I am working and having 14 lac in ppf, mutual fund 27lac, shares I have 10 lacs, other investment around 10 lacs. I don't have own house staying with my parents. Currently earning around 1.5 lac month. My current age is 39, want to retire next year. Can you please advise how to generate income for my family having 2 kids and wife.
Ans: First, let me appreciate your disciplined approach to savings and investments. At 39, you have accumulated a substantial amount in PPF, mutual funds, shares, and other investments. Your total assets sum up to around Rs 61 lakhs, and you are earning a good salary of Rs 1.5 lakh per month. Planning to retire next year is a significant decision, especially with a family to support. Let's explore a comprehensive plan to generate income for your family post-retirement.

Assessing Your Current Financial Situation
PPF (Public Provident Fund)
Your PPF account has Rs 14 lakh. PPF is a safe and tax-efficient investment but has a lock-in period of 15 years. It provides steady returns but limited liquidity.

Mutual Funds
With Rs 27 lakh in mutual funds, you have exposure to market-linked returns. Mutual funds offer growth potential but come with market risks.

Shares
Your Rs 10 lakh investment in shares indicates a higher risk tolerance. Shares can provide high returns but also come with volatility.

Other Investments
Your other investments total Rs 10 lakh. These could include a mix of fixed deposits, bonds, or other financial instruments, providing stability and diversification.

Income Generation Strategies Post-Retirement
Systematic Withdrawal Plan (SWP) from Mutual Funds
An SWP allows you to withdraw a fixed amount regularly from your mutual fund investments. This can provide a steady income stream while keeping your principal invested for growth.

Dividend-Paying Stocks and Mutual Funds
Invest in dividend-paying stocks and mutual funds. These provide regular income in the form of dividends, supplementing your cash flow needs.

Monthly Income Plans (MIPs)
MIPs are mutual funds that invest in debt and equity, aiming to provide regular income. They are less risky than pure equity funds and can offer steady returns.

Senior Citizens' Savings Scheme (SCSS)
Once you turn 60, consider SCSS for a safe and regular income source. It offers attractive interest rates and is backed by the government.

Debt Mutual Funds
Investing in debt mutual funds can provide stable returns with lower risk compared to equity funds. These funds invest in bonds and fixed-income securities.

Fixed Deposits (FDs)
Fixed deposits provide guaranteed returns with high safety. Although the returns are lower compared to equity, they offer stability and security.

Planning for Children's Education and Family Expenses
Children's Education Fund
Start a dedicated investment fund for your children's education. Equity mutual funds or balanced funds can be suitable for long-term growth.

Emergency Fund
Maintain an emergency fund equivalent to 6-12 months of expenses. This ensures liquidity for unforeseen expenses without disrupting your investments.

Health Insurance
Ensure you have adequate health insurance coverage for yourself and your family. Medical emergencies can be financially draining without proper insurance.

Managing Expenses and Budgeting
Expense Tracking
Track your monthly expenses meticulously. Identify areas where you can cut down costs without compromising your lifestyle.

Budget Planning
Create a detailed budget for post-retirement expenses. Include all necessary expenses such as household, education, medical, and discretionary spending.

Lifestyle Adjustments
Consider lifestyle adjustments to align with your new income level post-retirement. Small changes can lead to significant savings.

Risk Management and Diversification
Diversified Portfolio
Maintain a diversified portfolio to spread risk. Invest across different asset classes like equity, debt, and balanced funds.

Regular Portfolio Review
Review your investment portfolio regularly. Market conditions change, and it’s crucial to rebalance your portfolio to stay aligned with your goals.

Tax Planning and Optimization
Tax-Efficient Investments
Invest in tax-efficient instruments like ELSS (Equity-Linked Savings Scheme) for tax savings under Section 80C. Optimize your portfolio to minimize tax liabilities.

Retirement Corpus Withdrawal Strategy
Plan your withdrawal strategy to minimize tax impact. Withdraw from tax-exempt sources like PPF and use tax-efficient SWPs.

Seeking Professional Guidance
Certified Financial Planner (CFP)
Working with a CFP provides personalized advice and strategic planning. A CFP can help you navigate financial decisions and optimize your investment strategy.

Financial Workshops and Seminars
Attend financial workshops and seminars to stay updated on investment strategies and market trends. Continuous learning can enhance your financial acumen.

Creating a Legacy and Estate Planning
Will and Estate Planning
Draft a will to ensure your assets are distributed as per your wishes. Estate planning is crucial to provide financial security to your family.

Nomination and Beneficiaries
Ensure all your investments have the correct nomination details. This simplifies the process for your family in case of any eventuality.

Final Insights
Planning to retire at 40 with a family to support requires meticulous financial planning. Your current investments in PPF, mutual funds, shares, and other instruments provide a strong foundation. To generate regular income post-retirement, consider strategies like Systematic Withdrawal Plans (SWP) from mutual funds, dividend-paying stocks, Monthly Income Plans (MIPs), and debt mutual funds.

Maintain an emergency fund and ensure adequate health insurance coverage. Budget planning and expense tracking are essential to align your lifestyle with your new income level. Regularly review and rebalance your portfolio to stay on track with your financial goals.

Working with a Certified Financial Planner (CFP) can provide valuable guidance and optimize your investment strategy. Consider tax-efficient investments and plan your withdrawals to minimize tax impact. Estate planning and drafting a will ensure your family's financial security.

Your disciplined approach to savings and investments, combined with strategic planning, will help you achieve financial stability post-retirement. Stay focused on your goals, and with the right strategies, you can secure a comfortable and fulfilling retirement for yourself and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4197 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jun 25, 2024Hindi
Money
I am 34 years women having 6th month kid. Currently I have my own house and I have only 1 investment of 5 lacs in LIC . Currently I. Homemaker with monthly income of 23k which comes from my flat which I have given on rent. I want to save money for my baby education in future by investing in MF, Government schemes for baby girl, PF. Please suggest how can I start the investment for child future along with good lifestyle
Ans: It's wonderful that you’re planning for your child's future at an early stage. As a 34-year-old homemaker with a 6-month-old baby girl and a rental income of Rs. 23,000, you have a solid foundation to build on. Let’s craft a comprehensive financial plan to secure your child’s education and maintain a good lifestyle.

Understanding Your Financial Goals
Firstly, let's identify your primary financial goals:

Child's Education: Ensure there are adequate funds for your daughter's education.

Emergency Fund: Maintain an emergency fund to cover unexpected expenses.

Retirement Savings: Even as a homemaker, having a secure retirement plan is essential.

Insurance: Adequate life and health insurance to protect your family’s financial future.

Analyzing Your Current Financial Situation
Income and Investments:

Rental Income: Rs. 23,000 per month.
Current Investment: Rs. 5 lakhs in LIC.
Given your current income, it's crucial to allocate your funds efficiently to achieve your financial goals.

Building an Investment Portfolio
1. Emergency Fund
An emergency fund is the cornerstone of financial planning. It should cover at least 6-12 months of expenses.

Monthly Expenses: Assume Rs. 15,000 (excluding savings and investments).
Emergency Fund Required: Rs. 90,000 to Rs. 1,80,000.
Start by setting aside a portion of your rental income until you build a sufficient emergency fund. You can keep this money in a savings account or a liquid fund for easy access.

2. Child's Education Planning
Investing for your child's education is a long-term goal. Here’s how you can allocate your investments:

A. Mutual Funds

Mutual funds are a great way to build wealth over the long term. Consider the following categories:

Equity Mutual Funds: These funds invest in stocks and have the potential for high returns. They are suitable for long-term goals like education.

Hybrid Mutual Funds: These funds invest in a mix of equity and debt instruments, providing a balance of risk and returns.

B. Systematic Investment Plan (SIP)

A SIP is a disciplined way of investing in mutual funds. It allows you to invest a fixed amount regularly, thereby averaging the cost of investment and reducing risk.

Start a SIP in equity mutual funds for your child's education. This will take advantage of the power of compounding.
C. Government Schemes for Girl Child

Government schemes like Sukanya Samriddhi Yojana (SSY) are designed to support the financial future of girl children. They offer attractive interest rates and tax benefits.

Open a Sukanya Samriddhi Account and contribute regularly. The maturity period aligns well with the timing of higher education expenses.
3. Retirement Planning
Although you’re focused on your child's future, it’s also important to think about your retirement. You can consider the following:

A. Public Provident Fund (PPF)

PPF is a government-backed savings scheme that offers tax benefits and attractive returns. It has a lock-in period of 15 years, making it suitable for long-term goals like retirement.

Open a PPF account and invest regularly. You can invest up to Rs. 1.5 lakhs per year in PPF.
B. Mutual Funds

Apart from education, you can also use mutual funds for retirement planning. A mix of equity and hybrid funds can provide the growth needed for a substantial corpus.

Allocate a portion of your rental income to SIPs in mutual funds targeted at retirement.
Diversifying Your Investments
Diversification is key to managing risk and ensuring steady returns. Here’s how you can diversify your investments:

Equity Mutual Funds: High growth potential but higher risk. Suitable for long-term goals.
Debt Mutual Funds: Stable returns with lower risk. Suitable for short to medium-term goals.
PPF: Government-backed with tax benefits. Suitable for long-term goals.
Gold: Acts as a hedge against inflation. Allocate a small portion of your portfolio to gold.
Risk Management
A. Insurance

Ensure you have adequate insurance coverage to protect your family’s financial future.

Term Insurance: Provides financial security to your family in case of your untimely demise. Ensure your coverage is sufficient to cover your family's needs.

Health Insurance: Covers medical expenses and protects your savings. Consider a family floater plan to cover yourself and your child.

B. Emergency Fund

Maintain an emergency fund to cover unexpected expenses. This provides financial stability and peace of mind.

Tax Planning
Maximize tax-saving investments to reduce your tax liability and boost your savings.

Section 80C: Invest in PPF, SSY, ELSS, and other tax-saving instruments to avail tax benefits under Section 80C.
Section 80D: Avail tax benefits on health insurance premiums under Section 80D.
Regular Review and Adjustment
Financial planning is an ongoing process. Regularly review and adjust your investment portfolio to ensure it aligns with your financial goals and risk tolerance.

Annual Review: Review your financial plan at least once a year.
Adjust Investments: Adjust your investments based on changes in your financial goals, market conditions, and risk tolerance.
Power of Compounding
The power of compounding works best when you start investing early and stay invested for a long time. The interest earned on your investments gets reinvested, which in turn earns more interest. This cycle continues, leading to exponential growth of your investment over time.

Final Insights
Achieving your financial goals requires disciplined saving and investing. Here are some final insights to help you stay on track:

Start Early: The earlier you start investing, the more time your money has to grow.

Be Disciplined: Stick to your investment plan and avoid unnecessary expenditures.

Diversify: Diversify your investments to manage risk and ensure steady returns.

Seek Professional Advice: Consult a Certified Financial Planner (CFP) for personalized financial advice.

By following this comprehensive financial plan, you can ensure a secure future for your child and maintain a good lifestyle.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |4197 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 03, 2024

Asked by Anonymous - Jun 24, 2024Hindi
Money
I am 47 years old. Monthly salary at 2 lakhs. Daughter of 12year old and son of 14 year old Monthly SIP of 30k. PF of 3 lakhs. 5 lakhs in debt/liquid funds/bank. Retirement at the age of 55 is possible with monthly expenses of 1.5lakhs?I also have home loan with 135 EMIs pending of 60000 per month.Suggest how to become economically independent.
Ans: You are 47 years old with a monthly salary of Rs. 2 lakhs. Your daughter is 12 years old and your son is 14 years old. You have a home loan with 135 EMIs of Rs. 60,000 each pending. Your current financial assets include:

Monthly SIP: Rs. 30,000.
Provident Fund (PF): Rs. 3 lakhs.
Debt/Liquid Funds and Bank Savings: Rs. 5 lakhs.
You plan to retire at 55 and wish to maintain monthly expenses of Rs. 1.5 lakhs post-retirement. Let’s analyze and plan your finances to help you achieve economic independence by retirement.

Current Financial Goals
Retire at 55: You have 8 years left until retirement.
Monthly Expenses Post-Retirement: Rs. 1.5 lakhs.
Home Loan: 135 EMIs of Rs. 60,000.
Children’s Education and Future: Planning for their higher education and possibly marriages.
Detailed Financial Assessment
Income and Expenses
Your monthly salary is Rs. 2 lakhs. Let’s break down your expenses:

Home Loan EMI: Rs. 60,000.
Monthly SIP: Rs. 30,000.
Other Monthly Expenses: Approximately Rs. 1.1 lakhs.
This means your total monthly outflow is around Rs. 1.9 lakhs. You have Rs. 10,000 surplus monthly, which can be utilized for savings or investments.

Provident Fund and Debt Investments
Your PF amount is Rs. 3 lakhs, and you have Rs. 5 lakhs in debt/liquid funds and bank savings. These are stable but low-yielding investments. Diversifying your portfolio is essential for growth.

Creating a Robust Retirement Plan
Goal 1: Clearing the Home Loan
Clearing your home loan should be a priority. With 135 EMIs of Rs. 60,000 each, you have approximately Rs. 81 lakhs outstanding. Try to make additional payments towards your loan whenever possible to reduce interest burden and loan tenure.

Goal 2: Building a Retirement Corpus
To maintain Rs. 1.5 lakhs monthly expenses post-retirement, you need a substantial corpus. Let’s look at how to build this corpus over the next 8 years.

1. Maximize SIP Investments
Your current SIP of Rs. 30,000 is a good start. Equity mutual funds, especially diversified ones, offer potential for high returns. As you get closer to retirement, gradually shift some investments to debt funds to reduce risk.

2. Increase Monthly SIPs
If possible, increase your SIP contributions. Every increase will significantly boost your corpus due to the power of compounding. Aim to incrementally increase SIPs as your salary grows or expenses reduce.

3. Invest in a Mix of Funds
A balanced portfolio should include:

Equity Mutual Funds: For growth.
Debt Mutual Funds: For stability.
Hybrid Funds: For a balanced approach.
4. Consider Retirement Funds
Retirement-specific mutual funds are designed to provide regular income post-retirement. They can be a good addition to your portfolio.

Goal 3: Planning for Children’s Education
1. Education Funds
Start dedicated funds for your children’s higher education. Equity funds can be ideal given the 5-10 year horizon. Regularly review and top-up these investments.

2. Systematic Investment Plans (SIPs)
Continue SIPs for children’s education. These regular investments will accumulate a significant corpus over time.

Investment Strategy and Allocation
Diversifying Portfolio
Diversification is crucial to manage risk and ensure steady growth. Your portfolio should include:

Equity Mutual Funds: For high growth potential.
Debt Mutual Funds: For stability and regular income.
Gold: As a hedge against inflation.
PPF/EPF: For tax-free returns and safety.
Avoiding Index Funds
While index funds track the market, actively managed funds can outperform by adjusting the portfolio based on market conditions. Actively managed funds have the potential for higher returns due to professional management.

Benefits of Regular Funds
Regular funds provide the advantage of professional advice. A Certified Financial Planner (CFP) can guide you to choose the best funds, helping you navigate market complexities.

Risk Management
Building an Emergency Fund
Maintain an emergency fund covering 6-12 months of expenses. This provides financial security during unexpected events.

Insurance Coverage
Ensure adequate health and life insurance. This protects your family’s financial future in case of unforeseen events.

Tax Planning
Utilizing Tax Benefits
Maximize tax-saving investments like PPF, EPF, and tax-saving mutual funds. This not only reduces your tax liability but also boosts your savings.

Final Insights
Regular Reviews and Adjustments
Periodically review your financial plan. Adjust investments based on market conditions and changes in your financial goals.

Incremental Increases in Investments
As your salary increases, incrementally raise your investment amounts. This enhances your corpus significantly over time.

Financial Discipline
Maintain financial discipline by sticking to your investment plan. Avoid unnecessary expenditures and focus on your long-term goals.

Retirement Corpus Calculation
Your retirement corpus should be a mix of growth and stable investments. Regularly rebalance your portfolio to ensure it aligns with your risk tolerance and financial goals.

By following this comprehensive plan, you can achieve economic independence and ensure a comfortable retirement.

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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