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Ans: All three have its advantages and disadvantages. If he wants a good work life balance then Australia could be a good option. If he is workaholic then maybe UK. France too have some good colleges like INSEAD. My suggestion would be to look at top colleges in these countries and apply. Wherever he gets a better college can take it up.

Ans: IIFT and SIIB are two specialized colleges for International Business in India. Abroad there are many colleges. Check the country you are interested in and accordingly check the colleges that are located out there.

Ans: Amount paid by you, which is being returned now is not your income, so it is not Taxable under Income Tax law.
However, if you get some extra amount, like Interest etc., then this Interest amount shall be taxable under the act.

Ans: Let him choose the field that he is interested in. So if he is interested in Marketing then he can specialise in Marketing. Else he can do a general BBA course.

Ans: That's a fantastic plan for your son. Starting investments early creates a solid financial future. Let's explore some options to build a good monthly income after 20 years:

Building a Strong Investment Portfolio:

Diversification is key: Invest in a mix of asset classes like Equity (stocks), Debt (bonds), and Hybrid (mix of equity and debt) to manage risk and target long-term growth.
Consider Equity Mutual Funds: Actively managed Equity Mutual Funds can potentially generate good returns over the long term. They are professionally managed by experts.
Investing for Growth and Beating Inflation:

Systematic Investment Plan (SIP): Regular monthly investments (SIP) of Rs. 10,000-12,000 with a planned 10-15% annual increase is a smart approach. It inculcates discipline and leverages rupee-cost averaging.
Long-term horizon: A 20-year investment timeframe allows for market fluctuations to even out, focusing on long-term growth that outpaces inflation.
Planning for Future Income:

Goal-based investing: While aiming for monthly income, consider your son's future goals like retirement or higher studies. Tailor the investment mix accordingly.
Review and Rebalance: Regularly review the portfolio performance and rebalance allocations if needed to maintain the desired asset class mix.
Getting Professional Advice:

Talk to a CFP professional: A Certified Financial Planner can create a personalized investment plan for your son, considering his risk tolerance and financial goals.
Investment planning is crucial: A CFP can help navigate different investment options and choose the ones that best suit your son's needs.
Remember: Consistent investing, diversification, and professional guidance are key to building a strong financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Congratulations on taking the step towards voluntary retirement! With your pension providing a steady monthly income, investing your retirement corpus wisely can help ensure a comfortable and secure future.

Given your age and the desire for a stable investment, consider a mix of both equity and debt instruments to balance growth and safety. Here's a suggested allocation:

Emergency Fund: Ensure you have 6-12 months of living expenses in a liquid fund or a high-yield savings account for unforeseen expenses.
Fixed Deposits: Consider allocating a portion, say 30-40%, in fixed deposits or short-term debt funds. These provide stability and predictable returns.
Debt Funds: For another 30-40% of your corpus, consider investing in diversified debt funds or corporate bond funds. They offer better returns than FDs with moderate risk.
Equity Mutual Funds: With the remaining 20-30%, you can consider investing in balanced funds or hybrid equity funds. These funds provide exposure to equity markets while also having a debt component to reduce volatility.
Pension Plans: Given your pensionable age, consider investing a small portion in an immediate annuity plan or a pension scheme to further secure your monthly income.
Remember, the key is diversification and periodic review. As you move forward in your retirement journey, it might be beneficial to consult with a financial advisor to tailor this strategy further to your needs and goals.

Ans: Unless contribution to GPF per year is more than 5 lacs, interest is not taxable. Further, with reference to amount received commutation of pension (EPF) is also not taxable unless it is withdrawn before 5 years of service and on the receipt of gratuity, tax exemption is required to be calculated with proper formula with number of years of employment (upto 20 lacs)

Ans: I don't think I am qualified to answer your question. You can take a second opinion from another spine surgeon.