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Married Son Struggles with Demanding Parents and Secret Father

Anu

Anu Krishna  |1435 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 29, 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
RERA Question by RERA on Nov 21, 2024Hindi
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Relationship

This pertains to my parents. I got married at the age of 30 about 18 years ago and have a dear and loving spouse who believed in contributing to our home and didn't wish to be a home maker. Since we were living in a joint family, my father wanted only us to spend for the full house without much/negligible contribution. My elder brother's spouse is from a well to do family and they started to live independently from the beginning of their marriage. In spite of running the total household expenses, we have from the beginning learnt to save and we planned many vacation trips, overseas and domestic alike. My mother could not and till date cannot appreciate the fact that only the 2 of us are holidaying and she wanted to be part of our holidays which we have vehemently denied as that was a me-time for both of us. She has held this sourness against us although this comes out in her discussion occasionally. In spite of living together and addressing all needs of my elderly parents, my mother is perpetually complaining about not doing enough. I have tried to leave home and separate out as 2-3 times the fight with her had gone out of bounds because of her behaving un-reasonably weird. At times she takes care of all of us and at times she speaks so bitter about me and my wife, it is had to understand if it was the same person. My father has been a quiet individual and he has no opinions on anyone and will not side with anyone, neither will he call out any wrongdoing & there is no point in talking to him as his only objective is to have a peaceful life and have 3 meals a day without caring about anyone else in the world. 9 years ago i was laid off and i was almost compelled to start a real estate business with my father, this work requires mental and physical dedication which i have put and established myself in a respectable stage. Since the beginning my father had wanted to only take the accounting bit of the business as his responsibility as he does not know anything else. He has not let me look at accounts ever and he kind of pays me a salary whatever he deems fit at the end of the month, he also retains a large chunk with him and pays mom to run the house from the business. Although he has no travel, not going out of home, and no friends, he still needs the money for which he has not described or spoken when asked, mom and i suspect he is funding another family at our expense but we are not sure, as he has maintained a secret life for his entire life. 6 months ago me and my wife purchased a home and shifted and even now his approach towards my family needs is nonchalant as he keeps the major pie of the business income regardless of not putting any effort or work. At one end there is my mother who has demands all the time, at the other end my father is almost stealing from me without any justification or clarification. Somehow both of us are living separate and managing a peaceful life with very little which remains after servicing all Emi's and plus we also manage to contribute little to my father in law for running his household. Both of us seem to be burned out as our close ones only think of us only when money is required. Sometimes i feel i should shut shop and do something else, i also upscaled myself by clearing MBA at the age of 45 during covid so that some employer may consider me worthy and in spite of applying to 450+ job openings no one considers my resume to be appropriate. My wife is employed in a senior managerial position with a mnc and both of us fear that in 10 years time we will have nothing left with us and no one to take care of ourselves. Its frustrating as there seems no path forward, can u suggest anything ?

Ans: Dear RERA,
Living in a separate home in your case would have to mean that you keep your finances separately as well.
Your older brother must pitch in as well for parents; so please have that chat with him. There's no point in playing a martyr and then worry about being taken advantage of. When you say YES, when you actually want to say NO, is the beginning of a whole lot of issues which is what has happened...
So, now rewind and start clearing things one by one. Start by talking to your brother who will also need to contribute towards parents. Next, what your father does with that money is something you may never know; what you can do is CAP the amount so that he does not think that he has a perennial source of money. Kindly go on more trips with your wife so that your mother gets used to this fact. Plan trips at least once a year with the entire family which is where your mother will also enjoy and understand that she is not being ignored but actually cared for.
Plan your life with your spouse and make decisions that are financially prudent as you need to take care of yourselves as well.

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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Dr Ashish

Dr Ashish Sehgal  |120 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 18, 2023

Asked by Anonymous - Jun 17, 2023Hindi
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Relationship
I am from Middle class family. Our parents, 2 brothers, my sister and Me.My Father is no more and my mom lives alone. She does not want to stay with any of us. We all live out of country and my mother lives in India. My mother is not dependent on us financially and she can manage on her own and does not expect money from any of us. She is getting old and we need to take care of her, but I feel I am only one who checks on her and arranges for any small things she needs. My sibling don't even talk about it, I feel they think if they talk about it then they have do something. Like every other old person my mother and me have a lot of differences on everything like managing finances, or renewing something or going to hospital etc and I become the bad person because of these matters. My siblings don't get involved they just call her once a while and talk for while and manage to stay in her good books. I know that it is my duty to take care of her but I feel not appreciated or rejected when she ignores all the things I do for her when others don't. She is also old school and favors boys over girls and reject me saying that I am from a different family and always guilt traps me saying that she educated me but i earn and spent on my husband family. She hates my in-laws, but they are nice people and my husband is very supportive. Since it is my mother I don't tell these issues to anyone even my husband and it is destroying my Peace.
Ans: I'm sorry to hear about the difficulties you're facing in your relationship with your mother. It can be challenging when there are differences in opinions and expectations, especially when it comes to caregiving and managing family dynamics. Here are a few suggestions that might help you navigate this situation:

Communication: It's important to have open and honest communication with your mother. Try to express your feelings calmly and respectfully, and listen to her perspective as well. Sharing your concerns and thoughts can help create a better understanding between both of you.

Seek support: While you may not want to burden your husband with these issues, it's still essential to have someone to talk to and seek support from. Consider confiding in a close friend or a counselor who can provide an objective viewpoint and offer guidance on how to cope with the emotional stress.

Boundaries: Establishing boundaries is crucial in any relationship. Make it clear to your mother what you can and cannot do, taking into account your own personal and family commitments. It's important to find a balance between caring for her and taking care of yourself and your own family.

Sibling involvement: If you feel overwhelmed and alone in taking care of your mother, you can try to involve your siblings more actively in the process. Have an open conversation with them, express your concerns, and see if they can contribute in any way, whether it's by providing emotional support or assisting with certain responsibilities.

Patience and empathy: Understand that your mother's behavior and expectations may be influenced by her upbringing, cultural beliefs, and personal experiences. Try to approach situations with empathy, even if it's challenging. Remember that she may be experiencing her own struggles and fears as she grows older.

Self-care: Taking care of your own well-being is essential. Ensure that you make time for yourself, engage in activities that bring you joy, and maintain a healthy work-life balance. By taking care of yourself, you'll be better equipped to handle the challenges that arise in your relationship with your mother.

Remember, it's normal to feel frustrated and emotionally drained in such situations. However, with patience, understanding, and effective communication, you may be able to improve your relationship with your mother and find a balance that works for both of you.

..Read more

Dr Ashish

Dr Ashish Sehgal  |120 Answers  |Ask -

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

Relationship
Hi sir, I am 42 years old married. Living along with father and mother. My father is retired and mother is housewife. Since long I am not speaking with father because of his rude and illogical behavior, and since mother always takes fathers side so stopped speaking with mother too. We all are living in same flat along with my wife and children. I do not know how to deal with father and mother since they do not want to live separate also. Because of behaviour of father and mother our relatives also do not come to home. Please guide us since I do not know how to behave. One side I wanted to be good son and other side not able to bear the situation.
Ans: Thank you for sharing your situation. It's clear that you deeply value your role as a good son, yet you’re feeling trapped in a challenging environment. Balancing respect for your parents with your own emotional well-being requires patience and a plan. Let’s approach this step by step.

Understanding the Dynamics
Your Father’s Behavior:
His rudeness or illogical behavior may stem from age, personality, or even deeper frustrations that he hasn't expressed. Often, retired individuals struggle with feelings of lost authority or purpose, which may manifest as controlling or negative behavior.

Your Mother’s Role:
Your mother’s tendency to side with your father might not mean she agrees with him entirely but could reflect her way of maintaining peace. She might feel torn but unable to express it openly.

Your Feelings:
It’s important to acknowledge that your frustration is valid. However, remaining in silence and avoiding communication won’t resolve the underlying issues. It may actually deepen the distance.

Steps to Address the Situation
Break the Silence Gradually:
Start by speaking with your mother in a non-confrontational manner. Share how you feel without placing blame. Use “I” statements to express yourself, such as:

“I’ve been feeling very disconnected, and I miss having open communication with you and Dad. I want us to understand each other better.”

Initiate a Calm Conversation with Your Father:
Timing is key. Choose a moment when he is relaxed. Keep the focus on your desire to improve the relationship rather than pointing out his faults. For instance:

“Dad, I know we’ve had our differences, but I value our relationship. I’d like us to find ways to communicate better.”

Set Boundaries Respectfully:
If certain behaviors trigger conflict, it’s okay to set boundaries. Communicate them kindly but firmly, such as:

“I’d appreciate it if we could avoid certain topics that lead to arguments. I think it will help us get along better.”

Involve Your Wife and Children:
Encourage your wife to participate in creating a positive environment. Small gestures, like involving your parents in family activities or decisions, can help them feel included and respected.

Bridge the Gap with Relatives:
Relatives may stay away because of the tension at home. Once you begin rebuilding communication with your parents, invite close relatives for small gatherings to create a more welcoming atmosphere.

Consider Mediation or Counseling:
If direct conversations don’t lead to improvements, involving a neutral mediator, such as a family counselor, can help address issues in a structured way.

Changing Your Perspective
Your parents’ behavior may not change overnight, but your approach can influence the dynamic. Remember, it’s not about winning arguments but about fostering harmony. Small, consistent efforts to connect, like sharing meals or discussing lighter topics, can gradually ease the tension.

Taking Care of Yourself
While rebuilding family relationships, don’t forget your own mental and emotional health. Find time for activities that bring you peace and joy, whether it’s hobbies, spending time with your wife and kids, or seeking support from friends.

Relationships with parents can be complex, especially when expectations clash. However, by taking the first step and showing willingness to reconnect, you can slowly shift the situation. It’s a process, but the effort is worth it.

Warm regards,
Ashish Sehgal

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Anu

Anu Krishna  |1435 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 15, 2024

Asked by Anonymous - May 13, 2024Hindi
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Relationship
I am 33 yrs old, recently lost my loving husband of 35yrs old to a sudden massive heart attack. Since we had a loving bond in my in laws family, and they didnt want to go back to their village, i offered them to shift the rented apartment, to a place closer to my maternal housez wo that i can live with my own parents and be close to them as well and keep visiting on and off. I have a brother in law, same age as me, who left his job son after his brothers death, in pretext of studying for exam. I supported him saying its ok . Ill find a job and pay the rent till you get a job for urself after your exams and offered to pay 50-50 rent, for the house i wont even live in. My maternal family was not fond of this, but still supported me, knowing my good intentions.With time their thoughts changed or what i dont know, his brother doesnt study at all, and emotionally harasses mw saying you told you will take full responsibility and now you are backing off. His parents on the other hand insulted and accused my parents for trying to take the money of life i surance which is in wife's name. They feel they have right on all the claim amount that I (his wife) is nominee off and that me and my family wither changed the nominee name after my husband's death or when he was alive, tactfully forced him to put my name as nominee. I lost respect for all the three. I would have even given all the money to them, but now, i cant take their insults and false accusations any more. Even tried explaining them in a family meeting. But in vain. If anything, they start crying and showing that how their loss is bigger than mine and how we are being such vultures ...although i understand their loss, but they ought to know my loss is same ,if not less. Should i not stand up for my parents and myself? His brother does not want to take any responsibility and shamelessly tried to emotionally torture me into apting their rent and giving all that my husband has left in my name (ps. Its not a big amount ) but still, its not about the money for me...its about the trust and how little they think of me. What do you think should i be doing? I gave his brother a mouthful the other day and blocked his number, as he was continuously sending me msgs and torturing me . He is the kind of guy whonwould have fed on his brother his whole life, had he been alive.
Ans: Dear Anonymous,
I am so sorry for your loss!
But you have not understood why drawing of boundaries is important to keep any relationship healthy. By opening up yoour space, you have allowed people to take advantage of your niceness and now they have turned the tables on you making you look like a villain.
If you had to advice a dear female friend, what would you tell her? To keep giving into her in-laws drama or to draw the line, protect what is rightfully hers and move on with dignity ignoring such people?
What would you say to her? Follow your own advice; you don't owe anyone anything and you were just trying to be nice and they could not see that in all their immaturity. Maybe it's their grief speaking BUT if they are still going to rain hell on you; draw that boundary now and save your peace of mind...Please!

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  |1435 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 23, 2024

Asked by Anonymous - Dec 22, 2024Hindi
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Relationship
Hello Sir/Madam. I am 42 years old, married with two children. I live with my single mother, who is 74 years old, in her house. My brother, who is 48 years old, lives separately with his family about 10 kilometers away. Whenever my mother is hospitalized, sick, or in need of any support, my brother and sister-in-law neither assist us financially nor with their physical presence. They provide numerous excuses for not helping. Only after much family persuasion does my brother agree to help. My wife and I are the only ones who support my mother financially and physically whenever needed. Conversely, my mother and I have always supported my brother financially and physically whenever required. My mother does not like staying with my brother and sister-in-law. However, she maintains a good relationship with them as they do not retaliate against her. My mother often interferes with our eating habits, especially regarding our weekend outings for leisure or movies. When I wanted to renovate the kitchen in my newly purchased house, she strongly objected. My mother insists that her opinion matters; otherwise, there is no point in having a relationship among us. Sometimes, she even imposes my brother and sister-in-law’s suggestions on us. Whenever I oppose her views, it irritates her, and we start quarreling. My mother then curses us, saying that if her suggestions are not implemented, it will cause trouble for us in the future. It often ends with her saying that she is dead to us and wants to end our relationship. We reconcile after a long time. Hence, we sometimes feel that our freedom is restricted. I tried to explain to my mother that a true relationship is one where prompt support is provided when needed, not when someone opposes her views. I feel that instead of talking about breaking the relationship with me during our fights, my mother should discuss breaking the relationship with my brother and sister-in-law, and I have often discussed this with her. But my mother does not seem to understand and feels that she needs to fulfill her duties as a mother. I am planning to relocate to my own house next year, which is about 60 kilometers away. I have decided to break my relationship with my brother and sister-in-law as I do not want any superficial relationship. Please help as I am tired of quarreling with my mother.
Ans: Dear Anonymous,
So, you find it easier to abandon your family because your brother and sister-in-law don't pitch in, your mother is interfering, your mother according to you should break ties with her other child!
Do you not sense the weight of expectations is the one actually ruining your peace of mind and hence your relationships? Yes, of course, your sibling can pitch in more; did it not occur to you that you can talk to him and his wife and actually request them to be more hands-on?
And why should your mother break ties with your brother? Is that the way you will feel validated by her OR that will show you that she recognizes what you do for her?
Do remember, never do anything for anyone (within relationships) with an expectation that you will get something in return. Selflessness is what will ensure that you have better quality relationships.
If you feel at some point that you are being taken for granted, then say so and set things right. Indulging in this kind of 'demand' that things must be a particular way is not going to happen especially when you come from a space where the ultimate deed is breaking relationships.
It takes one impulsive move to break relationships, so tread carefully, keep your emotions away from fueling your expectations and it will actually let see things for what they truly are. This will enable you take the next steps in a very meaningful way where no bridges are burned.

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

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7489 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 10, 2025

Money
I have arount 1500000 invested in MF through an advisor. But now advisor is not giving any services. Is this any soloution to make it direct investment. And if so is it right time to switch to direct as fund value is decresed substantially due to market.
Ans: You have Rs. 15 Lacs invested in mutual funds through an advisor.

The advisor is no longer providing services, leaving you without proper guidance.

The market downturn has reduced your portfolio value substantially.

You are considering switching to direct investments to avoid advisor dependency.

Understanding Regular and Direct Plans
Regular Plans
Regular plans include an advisor’s commission in the expense ratio.

Advisors provide portfolio monitoring and personalised guidance.

Higher expense ratio compared to direct plans.

Direct Plans
Direct plans exclude advisor commissions, reducing the expense ratio.

You need to research and manage investments independently.

Requires knowledge of markets, schemes, and portfolio management.

Impact of Market Conditions on Switching
Current Market Downtrend
Your portfolio is already under stress due to market fluctuations.

Switching now could realise losses if you redeem units for the switch.

Timing Consideration
Markets typically recover over time; wait for partial recovery.

Avoid selling at a loss unless a fund is underperforming consistently.

Disadvantages of Direct Plans
Lack of Expert Guidance
Direct plans shift the responsibility of fund selection to you.

Without market knowledge, decision-making can become challenging.

Emotional Decisions
Investors often panic and redeem during market corrections.

An advisor helps maintain discipline during market volatility.

Missed Opportunities
Advisors can identify better opportunities and schemes.

Regular plans through a Certified Financial Planner (CFP) offer a structured approach.

Addressing Your Current Situation
Option 1: Stay Invested and Change Advisor
Find a new advisor with CFP credentials for better services.

Continue with regular plans under the new advisor’s guidance.

This ensures professional advice and disciplined investing.

Option 2: Gradual Switch to Direct Plans
Switch only if you have the expertise to manage your portfolio.

Use a step-by-step approach; shift one scheme at a time.

Monitor the performance of the new direct plans regularly.

Avoid rushing the process, as it may lead to mistakes.

Option 3: Consolidate and Restructure
Evaluate each mutual fund for performance over three to five years.

Exit underperforming funds gradually to avoid unnecessary losses.

Reinvest in actively managed funds with proven track records.

Tax Implications of Switching
Selling mutual funds involves capital gains tax liability.

Equity mutual funds: Long-term capital gains above Rs. 1.25 Lacs taxed at 12.5%.

Debt mutual funds: Capital gains taxed as per your income tax slab.

Consider the tax impact before redeeming or switching funds.

Recommendations for a Stable Portfolio
Diversification
Ensure a mix of equity, debt, and hybrid mutual funds for balance.

Equity funds provide growth; debt funds add stability.

Emergency Fund
Keep 6-12 months’ expenses in liquid funds or fixed deposits.

Avoid using this amount for switching investments.

Regular Monitoring
Review your portfolio performance every six months.

Rebalance to align with financial goals and risk appetite.

Final Insights
Switching to direct plans is an option but requires expertise.

Retaining regular plans with a new advisor ensures professional guidance.

Assess your financial goals and portfolio performance before making changes.

Avoid hurried decisions during a market downturn to prevent losses.

A Certified Financial Planner can help optimise your portfolio effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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Ramalingam

Ramalingam Kalirajan  |7489 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 10, 2025

Money
Dear Sir, I am 58 years old and still working. Having 2 unmarried sons age 32 years and 18 years of age. Elder son is still to marry. Corpus PPF : Rs. 35 Lacs, Retirement amount : Rs. 10-12 Lacs, PF Rs. 11 Lacs, Emergency fund : 5 Lacs, Medical policy : 15 Lacs, Rental income : 30000 from house and shop, Property : Flat worth 1.1 Cr, 1 shop worth 30 Lacs, Insurance : Sanchay plus - Premium of Rs. 1.5 Lacs till 2029 and will get 130000 from 2031 onwards, HDFC Pansion plan – pansion starts from 2026 as Rs. 26000 per year, HDFC SL Crest – funds accumulated 7 Lacs, Savings : RD in post office : Rs. 14 Lacs, Bank 5 Lacs, Medical policy : 15 Lacs, stocks Rs. 1 Lac. How should I invest Rs. 1.1 Crores on selling of Flat to get Rs. 1.0 Lac monthly ? What should I do to have stable income ?
Ans: You have diverse assets including PPF, PF, RDs, insurance plans, and rental income.

Emergency fund of Rs. 5 Lacs is adequate for unexpected short-term needs.

Medical insurance of Rs. 15 Lacs ensures financial protection for health emergencies.

Retirement corpus includes Rs. 35 Lacs in PPF and Rs. 11 Lacs in PF.

Rental income of Rs. 30,000 monthly provides a stable source of passive income.

HDFC Sanchay Plus and Pension Plan offer future income stability post-retirement.

Flat and shop properties together hold a value of Rs. 1.4 Crores.

Stocks, accumulated funds, and bank savings add liquidity to your portfolio.

Objectives and Key Considerations
Stable Monthly Income

Target Rs. 1 Lakh monthly income from investments post flat sale.
Preservation of Capital

Avoid high-risk investments to protect your capital.
Inflation-Adjusted Returns

Investments should grow to combat inflation over time.
Tax Efficiency

Minimise tax liability while optimising returns.
Family Security

Ensure financial security for your unmarried sons.
Strategy to Achieve Rs. 1 Lakh Monthly Income
Diversify the Rs. 1.1 Crore Corpus
Split the corpus into debt, equity, and hybrid instruments.

Allocate 60-70% to debt funds and bonds for stability.

Invest 20-30% in equity mutual funds for growth and inflation adjustment.

Keep 5-10% in liquid funds for liquidity and emergencies.

Debt Fund Investments
Choose high-quality debt funds for predictable income.

Opt for a mix of corporate bonds and government securities.

Debt funds provide regular income and lower risk.

Ensure debt fund maturity matches your income needs.

Equity Mutual Fund Investments
Actively managed funds deliver higher returns than index funds.

Invest through a Certified Financial Planner for personalised guidance.

Equity mutual funds counter inflation with potential long-term growth.

SIPs in balanced funds can balance risk and reward effectively.

Systematic Withdrawal Plan (SWP)
Use SWP for a consistent monthly income.

Withdraw Rs. 1 Lakh monthly while allowing corpus to grow.

SWP ensures disciplined withdrawals and avoids emotional decisions.

Immediate Income Until SWP Grows
Use the current rental income and insurance maturity payouts.

Combine with returns from RD and accumulated funds temporarily.

Gradually shift to SWP after corpus generates desired returns.

Managing Existing Investments
Insurance Policies
Continue with Sanchay Plus till 2029 for guaranteed returns.

Evaluate surrender of ULIP (HDFC SL Crest) for reinvestment in mutual funds.

Reinvest surrendered funds in equity and hybrid funds for better growth.

Retirement Accounts
Maintain PPF and PF for tax-free and safe returns.

Avoid premature withdrawal to retain compounding benefits.

Savings and RDs
Keep a portion of Rs. 14 Lacs RD for short-term goals.

Gradually shift RD to debt funds for higher post-tax returns.

Stocks
Evaluate current stocks for performance and risk.

Avoid over-reliance on direct stock investments due to market volatility.

Tax Planning
SWP is tax-efficient as only capital gains are taxed.

Long-term capital gains above Rs. 1.25 Lacs on equity funds are taxed at 12.5%.

Debt fund returns are taxed as per your income slab.

Use deductions and exemptions under Indian tax laws for savings.

Family Financial Planning
Elder Son’s Marriage
Allocate a portion of liquid funds for the elder son's marriage.

Ensure planned expenses do not disrupt monthly income goals.

Younger Son’s Education
Create a separate education corpus for the younger son.

Use a combination of debt funds and savings for stability.

Final Insights
Diversify the Rs. 1.1 Crore corpus for stable monthly income and capital growth.

Debt and equity mutual funds with SWP can meet your Rs. 1 Lakh monthly target.

Avoid real estate for reinvestment; it lacks liquidity and consistent income.

Continue current insurance plans; consider surrender of low-performing ULIPs.

Ensure tax-efficient withdrawals to preserve wealth.

Plan for family goals like elder son's marriage and younger son's education.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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Ramalingam

Ramalingam Kalirajan  |7489 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 10, 2025

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Money
Hi Sir , I have taken jeevan anand policy in 2005 with paying term 20 years but date of maturity showing as 2082 ( 100 years of life) means I can get money after 2025 completed else I will get maturity amount in 2025, please let me know
Ans: You hold a participating insurance policy with dual benefits: life cover and maturity payout.

The policy term is until age 100, ensuring lifelong coverage.

Your premium-paying term is 20 years, ending in 2025.

You will receive a maturity payout in 2025 if you choose.

Alternatively, you may keep the maturity amount invested in the policy.

If kept invested, benefits accumulate until policy maturity or claim.

Key Aspects to Evaluate
Life Coverage Beyond 2025
Post-2025, the policy continues to provide life cover until age 100.

The sum assured ensures financial security for your dependents.

Maturity Amount Usage
The payout in 2025 can address your financial goals.

Retaining the maturity amount earns additional bonuses over time.

Cost-Effectiveness of Continuing
Premium payments cease after 2025, reducing financial outflow.

Assess the policy's bonus and return rates for future benefits.

Assessing Financial Goals
Immediate Needs
Review current financial priorities like retirement planning or liabilities.

The maturity amount can supplement other investments.

Long-Term Growth Opportunities
Retaining the policy boosts long-term returns due to ongoing bonuses.

Consider the tax efficiency of keeping the maturity amount invested.

Alternative Investment Avenues
Evaluate reinvestment in mutual funds for potentially higher returns.

Active funds with a Certified Financial Planner's guidance can outperform.

Regular funds through an advisor ensure tailored advice and discipline.

Insurance Versus Investment
Dual-purpose policies often underperform as pure investments.

Standalone insurance offers better coverage at a lower premium.

Mutual funds provide transparency, liquidity, and targeted growth.

Tax Implications
The maturity payout is tax-free if premiums are below 10% of the sum assured.

Keeping the policy active beyond 2025 avoids tax on continued bonuses.

Evaluate the tax efficiency against returns from other instruments.

Recommendations
For Policyholders Like You
Continue with the policy until 2025 for the full maturity benefit.

Post-2025, decide based on returns and financial needs.

Consult a Certified Financial Planner for optimizing maturity usage.

If Considering Policy Surrender
Reinvest surrendered funds in diversified mutual funds.

Seek active management for consistent, tax-efficient growth.

Final Insights
Your policy secures lifelong coverage and a guaranteed payout in 2025.

Retaining the policy beyond 2025 can maximize accumulated benefits.

Reinvesting in well-managed mutual funds may deliver superior growth.

Ensure alignment with your long-term financial goals and family security.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Archana

Archana Deshpande  |95 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on Jan 10, 2025

Asked by Anonymous - Jan 10, 2025Hindi
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Career
Hello, I’m a teacher in Chennai, and over the years, I’ve built a solid reputation among my students and colleagues. However, despite the satisfaction I get from teaching, my current pay is not enough to meet my financial goals or to support my long-term plans. I’ve been considering transitioning into corporate training because I’ve heard that it can be more financially rewarding, but I’m not sure how to take this forward. I’m thinking of investing in online courses that specialise in corporate training, but I’m hesitant. I’m not sure if it’s worth the time, money, and effort, especially since I’ve already put a lot into my teaching career. How do I evaluate if making this switch is a good decision? Would my experience as a teacher actually help me in corporate training, or will I have to start from scratch? Should I look for a mentor in this field before making the leap? Any advice would be greatly appreciated!
Ans: Hi!!
It is so heartening to see this statement of yours," solid reputation among my students and colleagues". I feel that you need to build a solid foundation on all the set skills that you currently have. Not everyone can earn the respect of students ...especially in today's world. Consolidate on this... put in a psychology course/ degree and anything else that can solidify your existing skills!
People are ready to invest in their children, always remember this.....If financial goals is an issue, you can switch to a school where the salary is good, good teachers are in great demand. Collect a lot of testimonials from parents and students before you switch. Demand the salary that you deserve. For earning extra income you can start classes, one of my friends earns in crores just by lending extra help to students .As a teacher you know where the gap exists in our educational system, see if you can fill this gap, see what you can offer and make money.
I am investing a lot of time on this aspect of you because you said that you are actually good at it and that you enjoy doing it, not everyone can say this about their work. It is a matter of time you monetize what you love doing ....groom yourself well, look like a powerful person and demand the salary you think you deserve. Learn to invest your money well and let money work for you. Think of opening your own school.

I am a personal coach as well as a corporate trainer, it a crowded place here too, your experience as a teacher will definitely come in handy ,but you will require additional training for becoming a corporate trainer no doubt about it, it builds credibility. It is hard work, it takes time, energy, certification and constant learning in order to be sought after corporate trainer and demand that kind of money. If you are a go getter, smart, well groomed, confident in your verbal communication and in planning your sessions well, then go for it...else..you said it, "I've already put a lot into my teaching career", consolidate on this!! Lots of schools are investing in training teachers as well as students, go for that or you can come to me we can have chat together and then you can take the leap forward in whatever direction you feel like taking. Whatever you decide it has to be a well thought out decision!

Hope this helps...may wisdom be on your side..TC!

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Samraat

Samraat Jadhav  |2156 Answers  |Ask -

Stock Market Expert - Answered on Jan 10, 2025

Asked by Anonymous - Jan 10, 2025Hindi
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As a prospective investor, I’m trying to balance these factors: does the flat sequential growth reflect a temporary phase that might correct itself in subsequent quarters, or could it point to broader challenges within the IT industry that might persist? Additionally, with IT stocks typically being sensitive to global economic trends and client spending patterns, would it be wiser to invest now, leveraging the strong order book as a growth indicator, or should I wait for clearer signals of sustained performance and recovery in discretionary spending?
Ans: It's great that you're carefully considering these factors before making an investment decision. Let's break down each aspect:

Flat Sequential Growth
Flat sequential growth in the IT sector could be due to a variety of factors, including macroeconomic challenges, cuts in discretionary spending, and delays in decision-making. While some analysts believe this could be a temporary phase with a potential rebound in subsequent quarters, others caution that it might reflect broader, more persistent challenges.

Global Economic Trends and Client Spending Patterns
IT stocks are indeed sensitive to global economic trends and client spending patterns. A strong order book can be a positive indicator, but it's essential to consider the broader economic environment. If global economic conditions improve and client spending increases, IT stocks could see significant growth.

Invest Now or Wait?
Investing now with a strong order book as a growth indicator could be a good move if you believe in the sector's resilience and potential for recovery. However, if you prefer to wait for clearer signals of sustained performance and recovery in discretionary spending, it might be wise to hold off until there's more certainty.

Ultimately, the decision depends on your risk tolerance and investment horizon. If you're comfortable with some level of uncertainty and believe in the sector's long-term potential, investing now could be beneficial. If you prefer a more cautious approach, waiting for clearer signals might be the better choice.

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