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Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on Mar 20, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Octavio Question by Octavio on Feb 18, 2023Hindi
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Money

My PPF account is maturing in 2025... 20yrs.... Current amt apx 40lacs.... Can I use it as a pension tool to withdraw only the interest amt once a year and extend the same for NXT 5yrs... My age is 48 yrs now

Ans: The lock in period for PPF is 15years now so you can withdraw it before 20 years as well. You can withdraw a sum equal to the sum given by banks on their investments for day to day expenses if you have retired. If you have not retired and have an active income then keep the investments for them to grow as you technically don't need the money. You can do diversification of this investment and keep it invested in a couple of assets like PPF , equity mutual funds , debt mutual funds , etc.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Hi I'm 46 years and an entrepreneur for 20 years. I have hit a point now where I seem to have lost everything and seems like I'm at minus 1000 as I don't know what to do at the moment. I'm in the process of clearing my debts and raising some monies by selling a property that I own. Not sure how to even explore something new as in not sure of my skill sets that i possess. Societal pressure is also there in the kind of work/business that I would pursue. My wife too is exploring new opportunities and I'm sure she will pursue something in the months to come. But my lifes aim or purpose seems to be in the crossroads. Not sure if I'm even capable of doing anything. Always u der constant stress and dilemma. Not even sure if this is the form where I need to put out something like this.
Ans: You're at a difficult but pivotal point in your life. After 20 years as an entrepreneur, facing setbacks can feel like losing your identity—but this is not the end. Selling property to clear debts is a smart move—it gives you space to think clearly. Your skills—strategic thinking, leadership, operations, decision-making—are still valuable and transferable.

This is a time to reassess, not retreat. You can explore consulting, advisory roles, or leadership positions in businesses that need your experience. You may also need support—through coaching or mentorship—to rebuild clarity and confidence.

Don’t let societal pressure decide your next step. Focus on what’s practical, meaningful, and aligned with your stage in life. You’re not starting over—you’re realigning. With clear planning, you can create a strong second chapter.

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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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