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Kanchan

Kanchan Rai  |545 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 16, 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 - May 08, 2024Hindi
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Relationship

Hi mam,I love a boy..We both are from different states.We both work as software engineers and earn well.I am 24 and he is 26.My parents were looking alliance for me so i told them ki I like a boy..From the day I have told them they have not even asked ny opinion .My mom just keeps on repeating your dad will die as he has high bp and diabetes..you will become fatherless..My dad says he will drink poison and kill me as well..he himself told me that his image in society is more important to him and no one has give me rights to marry a boy of my own choice..My parents keep on calling me to my home so that they can make me quit my job..even after telling that I love a boy my parents went behind my back and fixed a boy for me..they say that the boy they are looking for me will be perfect..pls suggest me what should i do ..should i run away or convince them

Ans: It's important to acknowledge the complexity of the situation and the depth of your emotions. In such circumstances, finding a balance between honoring your own feelings and respecting your family's concerns can be incredibly difficult.

First and foremost, your safety and well-being are paramount. Threats of harm, whether directed towards yourself or others, are never acceptable and should be taken seriously. If you ever feel physically or emotionally unsafe, it's crucial to prioritize your own protection and seek support from trusted friends, family, or authorities.

In terms of navigating your relationship with your parents, open communication and understanding can be key. Despite the challenges, expressing your feelings to them in a calm and respectful manner might help them better comprehend your perspective. Sharing your thoughts, desires, and the reasons behind your choice may help bridge the gap between your differing viewpoints.

However, it's essential to approach these conversations with realistic expectations. Changing deeply ingrained beliefs and societal expectations is a gradual process, and it's possible that your parents may not immediately come around to your point of view. In such cases, setting boundaries to protect your emotional well-being may be necessary. This could involve limiting contact or seeking support from external sources such as counselors or support groups.

Ultimately, the decision to run away or to continue trying to convince your parents depends on your individual circumstances and what you believe is best for your future. Take the time to reflect on your values, priorities, and long-term goals. Surround yourself with supportive individuals who can offer guidance and encouragement as you navigate this challenging situation. Remember, you have the right to pursue happiness and fulfillment in your life, even if it means diverging from traditional expectations.

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Anu

Anu Krishna  |1527 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 14, 2024

Asked by Anonymous - May 08, 2024Hindi
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Relationship
Hi mam,I love a boy..We both are from different states.We both work as software engineers and earn well.I am 24 and he is 26.My parents were looking alliance for me so i told them ki I like a boy..From the day I have told them they have not even asked ny opinion .My mom just keeps on repeating your dad will die as he has high bp and diabetes..you will become fatherless..My dad says he will drink poison and kill me as well..he himself told me that his image in society is more important to him and no one has give me rights to marry a boy of my own choice..My parents keep on calling me to my home so that they can make me quit my job..even after telling that I love a boy my parents went behind my back and fixed a boy for me..they say that the boy they are looking for me will be perfect..now my dad is asing me to come home..pls suggest me what should i do ..should i run away or convince them
Ans: Dear Anonymous,
Classic emotional blackmail...this is not new and I have seen this in many households. Your parents are not wrong from their point of view as they feel they will choose the best person for you. But obviously blackmailing you with consequences like your father will die etc is childish and immature...
You are an adult and know what you are doing. But also, take your parents into confidence by reassuring them that you know what's right for you. Eventually in due course of time, they will come around...They might not too...Don't stress over it as any relationship that you enter into if it is based on what your parents wish may not be the best for you...
It's not about them but they are making all this about them...turn the attention onto yourself by talking to them about your independent thoughts, financial independence and how the boy is right for you (if of course the boy is right for you).
Wait patiently till they turn over...make this attempt with baby steps without giving into fights or bouts of arguments!

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

..Read more

Anu

Anu Krishna  |1527 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 28, 2024

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Kanchan

Kanchan Rai  |545 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 09, 2024

Asked by Anonymous - Dec 08, 2024
Relationship
Hello mam I am really having trouble in my family right now I am like studying and also I go to academy and school I am 14 years old my father is forcing me to marry someone and that someone has has a nice job but I will love with someone who is in my academy and when I told my father about him he refused and said that there is no need to go in that Academy and I begged him to not do that and the person I am love with doesn't do a job and also is the same age as me so I told my father so many times that I don't want to marry that person because I am in love with someone else so how can a person marry someone who he doesn't even love I know my parents my father want the best for me but you know what I want to say
Ans: At 14, your focus should be on growing, learning, and discovering yourself. Marriage is a lifelong commitment that requires emotional maturity, stability, and readiness—things that naturally come with time. It’s okay to tell your father, calmly and firmly, that you’re not ready for marriage yet, regardless of who the person is. Try to express that your education and personal growth are priorities for you now, and marrying too young could prevent you from living the life you want in the future.

When it comes to the person you care about, those feelings are also important, but it’s worth remembering that both of you are still very young. Your emotions are real, but your focus on education and future goals should remain central for both of you right now. If this connection is meaningful, it can grow naturally over time without the rush or stress of marriage.

If speaking directly to your father feels too difficult, is there a trusted adult, family member, teacher, or counselor who can help you communicate your feelings? Sometimes having someone else explain your perspective can make all the difference.

Above all, you deserve to feel heard, respected, and supported in your choices. You’re not alone, and this is not a battle you have to fight by yourself. Take it one step at a time, and remember, your voice and dreams matter.

..Read more

Latest Questions
Janak

Janak Patel  |18 Answers  |Ask -

MF, PF Expert - Answered on Feb 21, 2025

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Money
Hello Sir, I am 48 years old working in a software company with the monthly income of 2.5lakhs. I have 2 independent houses in which I am planning to sell one for 1.6crores and take one flat with 1.4Cr to save capital gains. below are my queries 1. Can I use remaining 20lakhs for registration, car parking to save LTCG? 2. If not, I have other house with home loan of 80Lakhs. Can I prepay the 20Lakhs for other house to save LTCG? 3. the existing house sale might conclude by April 2025, and new flat registration I am expecting in 2026 April. so the full amount to the builder will happen only in April 2026, can I keep the amount in savings account or do a short term Fixed deposit? what are the tax implications on this amount as by the time we file the income tax this deal will not close.
Ans: Hi Karunakar,

You have an House property (independent house) valued at 1.6Cr which you intend to sell and use the amount to purchase another House property (flat) with value of 1.4Cr.
You have raise multiple queries and before responding to them, I will try to explain the capital gains on house property.
Capital Gains = Sale value - cost of acquisition - cost of improvement - expenses incurred for sale (e.g. brokerage).
So first calculate the Capital gains on selling the property, as you mentioned you are selling it for 1.6Cr, so reduce it by the acquisition cost, etc.
Once you have the Capital gains amount, that is the amount you need to re-invest in another property to save tax on it, in your case the Flat (value more than the CG) can be purchase with the next 2 years and no tax will be payable.
So lets assume out of 1.6 Cr, you have CG of 1Cr, then 1Cr reinvested in another property i.e. for your flat cost of 1.4Cr, you will have no tax payable.
So its not the full value of sale, its only on the Capital gains that you need to worry for paying taxes.
The remaining amount of 60lakhs in above example can be utilized as per your requirement.
Responses
1. & 2. You can use any amount above the capital gains for any purpose you see fit - like parking, registration, loan or any other form of investment.
3. If the sale will conclude in April 2025, and your payment of the capital gains towards new flat will be April 2026, then you need to invest the capital gains amount as per below -
- if you are sure of purchase of flat, then within 6 months of sale date invest the amount in "Capital Gains Account Scheme CGAS)" in authorized banks. Amount will be kept in a special FD for 2 years and you can withdraw anytime to pay for your new property.

Within 6 months from sale of property or before tax filing for FY of sale date, i.e. FY25-26 filing date 31 July 2026, whichever is earlier, you need to make a decision.
If you are not planning to purchase another house property, then reinvest in specific long term capital gain bonds from NHAI, REC, some others, these bonds have lock-in of 5 years
If you decide to purchase another property, deposit CG in CGAS as mentioned above.

Interest earned on these deposits in taxable (under head of Other income).

Thanks & Regards
Janak Patel
Certified Financial Planner.

...Read more

Ramalingam

Ramalingam Kalirajan  |8024 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 21, 2025

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Money
The fund value is rs 1200000 under the SBI Life insurance Retire Smart Policy at the end of 5 years. How much monthly pension will be payable and how long, if the total policy period is 10 years.
Ans: The monthly pension payable depends on several factors. Let us evaluate these factors and assess the best approach for your financial security.

Key Factors Affecting Monthly Pension
Fund Value at Present: Rs 12,00,000 after five years.

Remaining Policy Term: Five more years to complete the total term of ten years.

Pension Calculation Basis: The pension amount will depend on how the fund performs in the next five years.

Withdrawal and Annuity Rules: Many insurance-based pension plans require a part of the corpus to be used for annuity purchase.

Investment Growth Possibility: If the fund remains invested for five more years, the value can increase.

Annuity Rate at Maturity: The monthly pension will be based on prevailing annuity rates at the time of vesting.

Potential Pension Payout
If the fund grows well, the pension amount will be higher.

If returns are lower, the pension amount will be less than expected.

Annuity rates fluctuate, affecting the final monthly payout.

Pension depends on life expectancy, as longer periods mean lower monthly payouts.

Evaluating Alternative Options
Investment-Linked Pension Plans: These often provide lower returns than mutual funds.

Mutual Funds for Higher Growth: Actively managed mutual funds have historically delivered better long-term returns.

Surrender and Reinvestment: If surrendering is allowed, reinvesting in mutual funds can be beneficial.

Flexibility of Mutual Funds: Mutual funds provide withdrawal flexibility, unlike annuities.

Taxation Impact on Pension
Annuity payments are taxable as per the income tax slab.

Mutual fund withdrawals are taxed based on capital gains rules.

Tax-free corpus from PPF can be considered for additional retirement income.

Final Insights
Insurance-based pension plans have limitations. Returns are lower than actively managed funds.

Annuity is rigid, whereas mutual funds allow flexible withdrawals.

Assess personal risk appetite before deciding on the final pension approach.

Consult a Certified Financial Planner for a tailored strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8024 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 21, 2025

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Money
Do I change my Lap loan to Home Loan? In 2015 I took a Home Loan on from Karnataka Bank then I took Top-up in 2017. But in 2021 For extra top-up I convert my home loan into LAP now I'm financially stable now, did I convert my loan from LAP to Home Loan. Is it possible ?
Ans: Yes, converting your Loan Against Property (LAP) back to a Home Loan is possible, but it depends on your bank’s policies. Here’s what you need to consider:

Key Differences Between LAP and Home Loan
Interest Rate: LAP usually has a higher interest rate (10-14%) compared to a home loan (8-9%). Converting to a home loan may reduce your interest burden.

Loan Tenure: Home loans offer longer tenures (up to 30 years), whereas LAP has shorter tenures (up to 15 years).

Tax Benefits: Home loans offer tax benefits under Section 80C and 24(b), but LAP does not.

Purpose: Home loans are meant for property purchase/construction, while LAP is for general financing needs.

Conversion Feasibility
Bank Approval: Karnataka Bank must agree to convert your LAP back to a home loan. Banks usually allow this if the original purpose was home-related.

Property Usage: If the LAP was taken for personal needs (not business), banks may consider converting it.

Documentation: You will need to submit fresh home loan documents, including income proof and property papers.

Alternative Options
Home Loan Balance Transfer: If Karnataka Bank does not allow conversion, transfer your LAP to another bank as a home loan for a lower interest rate.

Prepayment Strategy: If your financial condition has improved, consider prepaying the LAP instead of converting.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8024 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 21, 2025

Money
I am a govt servant and want to retire early at the age of 49 in Nov 2026. My savings: MF - 56 lac (SIP 50k / month will further continue). Shares - 15 lac. Retirement benefit - 45 lac. Monthly Pension - 60k / month. Rental Income - 30k / month. Own House in Delhi. Monthly Expenses: 30k. Medical Covered by Govt. Life Insurance: 1.5 cr upto age 70. Liabilities: study and marriage of two daughters presently studing in 12th & 9th std (both will pursue engineering). Your view on early retirement and sustainability of funds.
Ans: Your financial position is strong, and early retirement at 49 is feasible. However, sustainability depends on efficient wealth management and ensuring funds last throughout retirement. Below is a structured evaluation of your situation.

1. Financial Strengths
Mutual Funds: Rs 56 lakh invested, with SIP of Rs 50,000 continuing. This ensures compounding growth.

Stocks: Rs 15 lakh offers potential for high returns.

Retirement Benefit: Rs 45 lakh provides additional liquidity.

Pension: Rs 60,000 per month ensures stable income for life.

Rental Income: Rs 30,000 per month provides passive cash flow.

Own House in Delhi: No housing cost is a major advantage.

Medical Covered by Govt: No out-of-pocket healthcare expenses reduce financial strain.

Life Insurance: Rs 1.5 crore coverage until 70 secures dependents.

Low Expenses: Rs 30,000 monthly expenses are manageable with pension and rental income.

These factors make early retirement achievable. However, a few risks need addressing.

2. Key Challenges
Daughters’ Education & Marriage: Engineering studies will require a significant amount. Future wedding expenses also need planning.

Longevity Risk: Retirement at 49 means a 40+ year retirement period. Funds should last a lifetime.

Market Volatility: Mutual funds and stocks are subject to fluctuations.

Inflation Impact: Costs of living, education, and lifestyle expenses will rise over time.

Liquidity Planning: Managing large one-time expenses while maintaining cash flow is essential.

These risks need careful planning to ensure financial security.

3. Income vs Expenses Analysis
Income Sources Post-Retirement:

Pension: Rs 60,000 per month
Rental Income: Rs 30,000 per month
Total Fixed Income: Rs 90,000 per month
Expenses: Rs 30,000 per month (current). Even if expenses double over time, income should cover them comfortably.

Surplus: Monthly income exceeds expenses, ensuring a buffer for future needs.

4. Investment Strategy for Growth
Mutual Funds: Continue SIP of Rs 50,000 in actively managed funds through a Certified Financial Planner (CFP). Avoid index funds, as they lack flexibility and underperform in dynamic markets.

Stock Portfolio: Rs 15 lakh in shares should be reviewed. Consider moving to high-growth sectors or reallocating some funds to mutual funds for diversification.

Retirement Benefit Utilization: Rs 45 lakh should be strategically invested to generate passive income and growth. A mix of equity and debt mutual funds can balance risk and returns.

Emergency Fund: Keep Rs 10-15 lakh in liquid funds or FDs for unforeseen expenses.

This balanced approach ensures both wealth growth and stability.

5. Education & Marriage Fund Planning
Daughters’ Engineering Education: Consider setting aside Rs 40-50 lakh from investments to cover tuition fees over the next few years.

Marriage Planning: A separate investment plan should be created for their weddings. A well-structured mutual fund portfolio can help grow these funds over time.

This ensures these major expenses are well-covered.

6. Inflation & Longevity Protection
Inflation Hedge: Equity mutual funds and stocks provide long-term growth to counter inflation.

Passive Income Strategy: Rental income and pension provide stability. Additional income streams, such as dividend-paying funds, can be explored.

Wealth Transfer Planning: Life insurance covers dependents. Estate planning should be done for efficient wealth transfer.

Proper structuring ensures financial security throughout retirement.

7. Tax Efficiency
Mutual Fund Taxation: Long-term capital gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%. Debt fund gains are taxed as per the income slab.

Stock Taxation: Profits above Rs 1.25 lakh attract 12.5% tax. Regular portfolio rebalancing can help optimize tax liabilities.

Rental Income Taxation: Income from rent is taxable after deductions. Ensuring proper tax planning can reduce liabilities.

Optimizing taxes improves overall wealth retention.

8. Liquidity & Withdrawal Planning
Phased Withdrawals: Avoid withdrawing large amounts from investments at once. Use a systematic withdrawal plan to maintain liquidity.

Asset Allocation: Maintain a mix of equity, debt, and liquid funds to ensure both growth and easy access to funds.

Debt Reduction: Ensure no unnecessary debt accumulates post-retirement.

A disciplined approach ensures financial sustainability.

Finally
Your financial position is strong for early retirement.

Pension and rental income cover basic expenses, ensuring peace of mind.

Investments should be structured to support long-term wealth creation.

A strategic plan for education, marriage, and inflation protection is essential.

Regular portfolio review with a Certified Financial Planner (CFP) ensures alignment with goals.

A well-executed strategy will provide financial freedom and security for decades to come.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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