Hey, I am married it's been 12 years, I have a 11 years boy. I did my masters before marriage I worked as teacher. I told my husband as well I want to work he said I can work with him in this college where he is also working. When I got married he said my degree is not eligible to work in this college that was geniune they need btech I am Bsc. So I asked I can work in other place and he said I can't. I tried hard but the answer was not all the time. I started with online classes basically working from home and I did it for 10 years. Now why I am so desperate to work? He never pays me anything he never buys anything whenever I ask he says you or your parents did give anything to me so I have nothing to give you. When this alliance came to me we asked them very clearly if they are expecting dowry. They clearly said they don't and that's the reason I married him. I am from a middle class family, and I was brought up like a happy kid. Here in my in laws home my mil drinks alcohol daily and uses very bad words. I adjusted and we shifted to other city for my husband job. Even my husband used to drink and confronted him and he reduced it mostly. Recently due to health issues he completely quit alcohol which was a god's grace. He has some medical condition where he is not actively participating in physical intimacy. He is very close to our son. They both love each other like anything. Seeing this I take every shot he gives me. But I think I am broken I wanted to fix it now I found a job and going my husband is behaving like I murdered someone and not talking and doing drama. Treats me like a maid and say do this house chores properly you can think about job later. I am a very enthusiastic person who wanted to learn now I told him very clearly that if he wants me quit job he needs to pay me. He refused and said if your can bring money from your home I will pay. I said why would I bring money and give him? So he behaves very weird and sadistic like he never wants me leave house, not atleast without telling him. He hide bike keys when he comes to some city so that I can't go anywhere. When I was working online he used to come to lunch I kept everything ready on table for him and continuing my work if I forget to keep water on table he was furious and say I should concentrate on this instead of my job when I forget something to keep he disconnects the modem and hide it so that I can't work. I am fed up and I can't hold this anymore where I am not being respected, not given financial support, no sex, no good talk, only expect to make perfect coffee, lunch ,dinner and take care of home with no dirt atall. I told him I will file divorce now he asks for forgiveness and this happened many time everytime I say I will leave he will behave like a kid even touching my feet. I am doing psychology which is one of my dream he is against that as well but now when I reading I think he is very manipulative psychopath. My boy I very much into him. I am doing my job right now. We have no vacations no outing nothing. He doesn't want to spend a penny on us. I take my boy put he doesn't accompany us. He doesn't like outings he say. What should I do? I can't leave as my boy can't get seperated. I can't live with him coz I have nothing in this relationship just explotation. He will not let me leave coz he knows he cannot live without us. And no one care about him. How to deal with him to make home happy atleast to my boy coz his toxic nature like manipulation and threatening blackmailing is effecting me and my boy I don't want my boy to go through this or learn this from him atleast. He needs to know how to treat a wife the way his father treat is not right I want to grow him into a nice gentleman not like this father. What can I do for this?

Ans: Yes. However, keep upgrading your skills. Have a Professional LinkedIn Profile, keep updating them & put job alerts in it to know the job market trends to prepare yourself for Campus Recruitment or off-campus. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

Ans: Hello;

You may invest your corpus(15 L) in the proportion of 40:40:20 in the following type of mutual funds;

1. Flexicap fund(PPFAS flexicap fund)40%
2. Large and Midcap fund (Mirae Asset Large and Midcap fund) 40%
3. Small Cap fund (Nippon small cap fund) 20%.

These funds are proposed for long term horizon.

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Happy Investing!!

Ans: You’ve experienced a major financial setback with a business loss of Rs 1 crore and have since transitioned to a job with an annual income of Rs 24 lakh. Currently, you have a home valued at Rs 65 lakh but with an outstanding loan of Rs 40 lakh, and you’ve mentioned a costly school setup for your two children, with an annual fee of Rs 5 lakh. You also have a Rs 20 lakh mediclaim policy, which provides some security in terms of health coverage. Now, you are keen on clearing your debts, securing your children’s future, and building up a financial cushion.

Given your circumstances, it’s important to prioritize debt repayment, secure your children’s education, and rebuild your financial base. Here’s a step-by-step approach to achieving your goals.

1. Prioritize Debt Repayment
Paying Off the Home Loan
Your home loan of Rs 40 lakh is a significant liability. Considering that you pay Rs 5 lakh annually for your children’s education, this loan will be a major financial burden. However, paying off your home loan aggressively while maintaining your lifestyle is crucial for long-term stability.

Increase EMI Payments: Check if you can increase your home loan EMIs. You could redirect any excess income towards your home loan. Even a small increase in EMI can reduce your overall loan tenure, saving you substantial interest in the long run.

Lump Sum Prepayments: If you get any bonuses or financial windfalls, use them to make lump sum payments towards the principal. This will help reduce the loan quickly.

Refinance Your Home Loan: If your current interest rate is high, consider refinancing the loan to a lower interest rate. Even a small reduction in interest can lead to significant savings over the long term.

2. Build an Emergency Fund
Before starting any investments, you need to establish an emergency fund. This will prevent you from having to take on more debt in case of unforeseen expenses.

Target 6 Months of Living Expenses: Set aside enough money to cover at least 6 months of your family’s living expenses. This should include EMI payments, school fees, and day-to-day expenses. Aim for a fund of Rs 8-10 lakh for emergencies.

Place in a Liquid Fund: You can park this money in a liquid mutual fund or a high-interest savings account. The idea is that it should be easily accessible and provide some returns.

3. Address Kids’ Education
Your children are 9 and 8 years old, and their education is a significant ongoing expense. With annual fees of Rs 5 lakh, the costs are substantial.

Set Up a Dedicated Education Fund: You can begin a systematic investment plan (SIP) in mutual funds dedicated to their future educational needs. Equity mutual funds will provide the best growth over a 10-15 year period, but you’ll need to manage this carefully as they get closer to higher education.

Consider Education Insurance: Although you have a mediclaim policy, an education insurance plan can provide additional coverage in case something happens to you. This will ensure that their education is funded even if you're not around.

4. Start Long-Term Investments for Retirement
Since you have no current investments and a home loan to deal with, start slowly and steadily building your long-term savings. At 45, you have about 15-20 years until retirement, which is enough time to grow a retirement corpus if you act now.

Systematic Investment Plans (SIPs): Start with an SIP in equity mutual funds. Equity funds have the potential to give higher returns over the long term, which is crucial given the time frame. You can start small and increase contributions as your financial situation stabilizes.

Public Provident Fund (PPF): Consider opening a PPF account. Though it has a lower interest rate compared to equity, it provides tax benefits and a risk-free return. It’s ideal for building a portion of your retirement fund.

Voluntary Provident Fund (VPF): If your company provides EPF (Employee Provident Fund), consider contributing extra to the VPF. This will help build a tax-free retirement corpus.

5. Secure Health and Life Insurance
You already have a Rs 20 lakh mediclaim policy, which is good. However, with two young children, securing your family’s future through proper life insurance is critical.

Term Insurance: You should get a term insurance policy that covers at least 10 times your annual income. With a Rs 24 lakh annual salary, consider a Rs 2.5-3 crore term policy. This will ensure your family’s financial security if anything happens to you.

Review Mediclaim Policy: With rising medical costs, a Rs 20 lakh mediclaim policy may not be sufficient. Consider increasing the coverage to Rs 30-40 lakh, depending on your budget.

6. Manage Current Lifestyle and Expenses
Your children’s school fees are Rs 5 lakh annually, which is a significant part of your income. You’ll need to make sure that this expense does not derail your financial goals.

Budgeting: Create a strict budget to ensure that you are able to save and invest every month. Keep discretionary spending to a minimum until you are able to stabilize your financial situation.

Avoid Lifestyle Inflation: As your income grows, it’s important to avoid lifestyle inflation (increased spending as income rises). Prioritize savings and investments instead of increasing your standard of living.

7. Rebuild Your Financial Confidence
Given the business loss, it's understandable to feel financial strain, but you’re taking the right steps by focusing on your job and rebuilding your financial base. The key now is to be consistent and disciplined with your finances.

Stay Positive and Committed: You have the earning capacity and time to rebuild your financial portfolio. Stick to your investment and debt repayment strategies, and you’ll find that progress happens gradually.

Focus on Long-Term Goals: Short-term market fluctuations and financial hurdles may cause concern, but your goal should always be long-term financial stability and security for your family.

Final Insights
Focus on Debt Reduction: Prioritize paying off your home loan and avoid new debts. Use any excess income or bonuses to prepay the loan faster.

Build an Emergency Fund: Secure at least 6 months of expenses in an easily accessible emergency fund before you start investing.

Start Investing for Kids’ Education: Start an education fund with SIPs in equity mutual funds. This will help you cover the cost of their higher education.

Plan for Retirement: Begin SIPs in equity funds and open a PPF account for long-term retirement savings. Consider VPF contributions if available.

Secure Your Family: Increase health insurance coverage if needed and take a term insurance policy of Rs 2.5-3 crore for your family’s protection.

With disciplined savings, prudent investments, and focused debt repayment, you will be able to rebuild your financial future and secure your children’s education as well as your retirement.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
Holistic Investment YouTube Channel

Ans: Hello;

You are most welcome for seeking probable answers to your queries.

After the retirement of your father he may buy immediate annuity from a life insurance company. Considering annuity rate of 6% he can expect to receive a monthly payout of 20 K immediately from next month. (You can try to shop around and negotiate for a better annuity rate).

Out of the monthly payout of 20 K your parents may keep 10 K for own expenses and balance 10 K may be earmarked towards loan emi.

Since home loan emi is 33.5 K, I suggest yourself and your brother can share the balance amount(23.5 K) in equal proportion(11750 per person, per month).

As rightly pointed out your family should focus on early repayment of this home loan by pre paying the principal as much as possible.

If the loan repayment tenure is more than 10 years then yourself and brother may be added as co-owners of the property alongwith your father.

This can then enable yourself and your brother to seek income tax deductions on account of home loan repayment.

This will involve stamp duty, registration and legal expenses so it will make sense only if loan repayment term is more then 10 years.

It would be better if you seek advice from a CA to pursue this option.

Despite the monthly payout of 11750, you and your brother will have surplus funds to invest for other goals.

Good to know that your parents are covered under healthcare insurance.

Your parents may not have left a huge fortune for you both but they have ensured best education for you by virtue of which you are decently settled in life. Keep that in mind.

Happy Investing!!

Ans: You have 10 years until retirement and are keen on assessing your current financial situation. With two kids, one in college and the other in school, it’s important to ensure that your retirement and their future are secure. Let’s analyze your financial position and evaluate whether your current plan is enough for a comfortable retirement.

Current Financial Position
Let’s take a quick look at your assets and existing savings:

Two Houses: You own two houses with a 30x40 built-up area. While real estate adds to your net worth, they may not provide immediate liquidity for retirement. We will focus on financial assets for now.

Gold Worth Rs 30 Lakh: Gold is a good long-term investment. It acts as a hedge against inflation, but it shouldn’t be the sole focus for retirement planning.

Fixed Deposit of Rs 10 Lakh: This is a stable, low-risk investment. However, fixed deposits generally offer lower returns, which might not be sufficient in the long run.

LIC Maturity Next Year: You expect Rs 40 lakh from your LIC maturity next year. This can be a good lump sum amount to invest further for your retirement.

Current SIPs: You’ve started a Rs 25,000 monthly SIP. This is a great step towards building your retirement corpus, especially in equity mutual funds.

PPF Contribution: You are contributing Rs 5,000 per month to PPF. This provides a safe and guaranteed return, ideal for retirement stability.

Assessing Your Retirement Goals
To determine if your current investments are enough, let’s break down some key factors:

1. Retirement Corpus Requirement
Based on your current lifestyle, you will need a retirement corpus that can generate enough income to cover your post-retirement expenses. Assuming your expenses continue to grow with inflation, you will need to account for this in your savings plan.

At retirement, you will need:

Monthly Income for Living Expenses: Estimate your monthly expenses post-retirement. This includes your daily living costs, medical expenses, and any other regular commitments. Typically, you should plan for at least 70-80% of your current monthly expenses, adjusted for inflation.

Inflation: Consider an inflation rate of 6-7% over the next 10 years. This will erode the value of money, meaning you’ll need a higher corpus to maintain the same standard of living.

2. Education Expenses for Your Kids
Your children’s education will likely require significant funding. With one child in BE 2nd year and another in 8th standard, you must plan for both higher education expenses. Factor this into your savings to avoid dipping into your retirement corpus later.

Allocate a portion of your investments for their education costs. Higher education can be expensive, so it’s important to set aside a separate fund for this purpose.
3. Health and Medical Emergencies
Medical costs tend to rise with age. Ensure you have adequate health insurance coverage for you and your spouse. This can safeguard your savings against unforeseen medical expenses.

If you haven’t already, consider increasing your health insurance coverage to Rs 20-25 lakh to cover any medical emergencies.

Evaluating Your Current Investments
Now, let’s assess whether your current investments are aligned with your retirement goals.

1. SIP Contributions
A monthly SIP of Rs 25,000 is a good start. Over the next 10 years, this can grow significantly, thanks to the power of compounding. Continue this investment in equity mutual funds to benefit from long-term market growth. You can expect a higher return from equity funds compared to traditional investments.

Consider increasing your SIP contributions annually. As your salary or income grows, increase your SIP by 10-15% each year. This “step-up” approach will ensure your investments keep pace with your growing needs.
2. Public Provident Fund (PPF)
You are contributing Rs 5,000 per month to PPF. This is a safe and tax-efficient investment that provides guaranteed returns. The current interest rate for PPF is around 7-7.5%. While this is stable, it might not be sufficient on its own to meet your retirement goals. However, it provides a good balance against your riskier equity investments.

Continue your PPF contributions, but rely on it as the stable portion of your retirement corpus. It will act as a safety net in your portfolio.
3. Fixed Deposits (FD)
You have Rs 10 lakh in fixed deposits. While this is a low-risk option, fixed deposits typically offer lower returns. Over time, inflation will erode the purchasing power of these funds.

Consider moving a portion of your FD into better-performing instruments like debt mutual funds, which offer slightly higher returns and are still relatively safe.
4. LIC Maturity
You expect Rs 40 lakh from LIC next year. This is a significant amount, and how you invest it will be crucial for your retirement. Lump-sum investments in mutual funds, balanced between equity and debt, can help grow this corpus efficiently.

Equity Mutual Funds: Consider investing a portion of the Rs 40 lakh into equity mutual funds. This will give you market-linked growth, essential for building a larger retirement corpus.

Debt Mutual Funds: For the more conservative part of your portfolio, invest in debt mutual funds. These are less risky and provide stable returns, balancing your overall investment.

5. Gold as a Backup
You have Rs 30 lakh in gold. While gold is a good hedge against inflation, it’s not a liquid asset that can easily fund regular retirement expenses. You can keep it as a backup or sell it during emergencies if needed. Avoid depending solely on gold for your retirement.

Recommendations for a Secure Retirement
Here are some key actions you should consider:

1. Increase Your SIP Contributions
As mentioned earlier, consider increasing your SIP contributions each year. A gradual increase will help grow your retirement corpus significantly. You might also want to explore investing in a mix of large-cap, mid-cap, and hybrid mutual funds for diversification.

2. Diversify with Debt Mutual Funds
Debt mutual funds are a safer option for the conservative portion of your portfolio. As you approach retirement, you’ll need to gradually shift your equity investments towards debt to reduce risk. Start with a 10-20% allocation in debt funds now, increasing it as you near retirement.

3. Create a Separate Fund for Children’s Education
Ensure you have separate investments for your children’s education. You can start a dedicated SIP for this purpose, or invest a portion of your LIC maturity and FD towards their higher education needs.

4. Health Insurance
Increase your health insurance coverage if it is insufficient. Medical expenses tend to rise with age, and a higher health insurance cover will prevent you from dipping into your retirement funds.

5. Emergency Fund
Keep at least 6 months of your living expenses in an emergency fund. This fund should be easily accessible and should cover any unexpected expenses, such as job loss or medical emergencies.

6. Avoid Real Estate Investments
As you already own two houses, you should avoid putting more money into real estate. Real estate is not very liquid, and it may not generate the regular income you need during retirement. Focus on financial assets like mutual funds for liquidity and growth.

7. Regularly Review Your Plan
Review your investment portfolio every year. Rebalance it to ensure that your equity-to-debt ratio remains appropriate for your risk appetite and changing goals. As you get closer to retirement, shift more towards conservative investments.

Final Insights
Your current investments are a great starting point, but there is room for improvement. By increasing your SIP contributions, diversifying into debt funds, and planning for your children’s education separately, you will be on track to meet your retirement goals. Ensure that you have enough health insurance and keep a portion of your assets in safe investments like PPF and debt funds. Regularly review and adjust your portfolio to ensure that your investments are aligned with your goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: You are 33 years old, earning Rs 35,000 per month. Your goal is to accumulate Rs 2 to 3 crore for retirement while also planning for your daughter’s future. Let's break down the process to help you achieve these goals, keeping in mind both your long-term financial security and your daughter's education and other expenses.

Retirement Planning: Building a Rs 2 to 3 Crore Corpus
A time horizon of 25-30 years for retirement gives you an opportunity to build significant wealth. Here's how you can approach this:

1. Start with Equity Mutual Funds
Equity mutual funds are ideal for long-term wealth creation. Since you have a long investment horizon, equities can deliver inflation-beating returns. A Systematic Investment Plan (SIP) in diversified equity funds can help you build your retirement corpus.

Make sure to invest a percentage of your monthly income towards equity mutual funds. Start with at least 20-30% of your salary (Rs 7,000 to Rs 10,000 per month). You can increase this amount as your income grows.

Invest in funds that focus on:

Large-cap and mid-cap stocks to balance risk and reward.

Diversified portfolios with exposure to different sectors.

Equity mutual funds offer compounding benefits over time. The longer you stay invested, the greater your potential returns.

2. Increase Your SIP Annually
As your salary increases, increase the amount you invest. Even a 10% increase in your SIP annually will have a significant impact over 25-30 years. This is called the step-up SIP approach.

3. Tax-Saving Investments
You can also consider investing in Equity Linked Savings Schemes (ELSS) under Section 80C for tax benefits. ELSS has a lock-in period of 3 years and offers equity-like returns. The tax-saving aspect makes it an attractive option as you build your retirement corpus.

4. Keep Debt Funds for Stability
Although equity funds offer higher returns, it’s good to have some portion of your investment in debt mutual funds for stability. This will help balance market volatility. Start with 10-20% in debt funds. You can increase this allocation as you approach retirement.

Planning for Your Daughter's Future
1. Education Planning
Your daughter’s higher education will likely require a substantial sum when she turns 18. You need to start early to accumulate this amount without putting pressure on your finances.

Equity Mutual Funds for Long-Term Education Planning
A separate SIP for your daughter’s education can be started in equity mutual funds. Education inflation is quite high, and equity investments will help you stay ahead of rising costs. A monthly SIP of Rs 5,000 to Rs 7,000 could be a good start.

Consider Sukanya Samriddhi Yojana (SSY)
You are already contributing to Sukanya Samriddhi Yojana (SSY), which is a great scheme for your daughter. Continue contributing the maximum possible each year (Rs 1.5 lakh per annum), as this offers a guaranteed return and tax benefits. SSY can form the low-risk component of your daughter’s education plan.

2. Insurance for Protection
Ensure that you have adequate term insurance coverage. You are the primary breadwinner, and your daughter’s future is dependent on your income. A term insurance cover of at least 10 times your annual salary is essential to secure your family’s financial future. Term plans are affordable and should be a priority.

3. Health Insurance for the Family
In addition to life insurance, comprehensive health insurance for your family is essential. Medical emergencies can deplete your savings, so it's better to be prepared. Family floater plans can provide coverage for you, your spouse, your daughter, and your mother. Opt for a policy that covers critical illnesses as well.

Regular Monitoring and Adjustment
1. Review Your Investments Annually
It’s important to track your investments and adjust as needed. Equity funds may need rebalancing based on market performance and your changing risk profile. As you approach retirement, you should gradually shift your portfolio to more stable debt funds.

2. Emergency Fund
Keep at least 6 months’ worth of expenses in an emergency fund. This will provide a financial cushion during unexpected situations. This fund should be liquid and easily accessible, such as in a liquid mutual fund or savings account.

3. Avoid Unnecessary Loans
Try to minimize or avoid unnecessary loans, especially for lifestyle expenses. Paying high-interest loans can drain your resources and slow down your wealth-building process.

4. Stay Disciplined with Long-Term Goals
Discipline is key to achieving long-term financial goals. Avoid the temptation to redeem your investments prematurely. Equity markets can be volatile in the short term but tend to deliver robust returns over the long term.

Final Insights
You are at the perfect stage to start investing for both retirement and your daughter's future. By allocating your resources wisely, you can meet your long-term goals of accumulating Rs 2 to 3 crore and securing your daughter’s education and future.

Start with equity mutual funds through SIPs for long-term wealth creation.

Consider Sukanya Samriddhi Yojana for your daughter’s secure future.

Balance your portfolio with some debt investments for stability.

Ensure you have sufficient insurance coverage to protect your family.

Regularly review and increase your SIP contributions as your salary grows.

With disciplined savings and strategic investments, you can achieve both your retirement goal and secure your daughter’s future. Remember, the earlier you start, the better your chances of reaching your targets.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello;

1. First target is to accumulate 1.5-2 Cr for establishing health centre. For the achievement of this target either you can do a flat monthly sip of 1.8 L for 5 years
Or
You may begin with a monthly sip of 1.25 L and top-up each year by 20% upto 5 years.

Both routes will yield you a corpus of 1.5 Cr for health centre as desired.

2. Second target is 15 Cr target for kid's education to be achieved in 15 years. For the achievement of this target either you can do a flat monthly sip of 2.7 L for 15 years.
Or
You may begin with a monthly sip of 1.2 L and top-up each year by 15% minimum upto 15 years.

Both options will led you to a corpus of 15 Cr for child education as desired.

3. Third and important target of retirement corpus of 25 Cr to be achieved in 30 years.
For the achievement of this target either you can do a flat monthly sip of 57 K for 30 years.
Or
You may begin with a monthly sip of 24 K and top-up each year by 10% minimum upto 30 years.

Either ways you will achieve your targeted retirement corpus of 25 Cr.

A modest return of 13% assumed for investments in pure equity mutual funds for all workings.

You may follow us on X at @mars_invest for updates.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: Yes. You are entitled to claim exemption for the apartment purchased in February-2024, against Sale of your other apartment in August-2024. This is within time limit of one year, in which you are supposed to purchase a new residential property to be eligible for exemption u/s 54.
Most welcome for any further clarification. Thanks.

Ans: 01. LTCG on Sale of securities shall be taxable @ 12.50%, if the sale is effected after July-2024. However, you would be entitled to a basic exemption of Rs.1.25 lakhs, from LTCG.
02. LTCG on Sale of securities, shall not be exempted, if you buy shares of Private limited company, with the same amount of capital gain.
Most welcome for any further clarifications. Thanks.