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Ans: At 60, having a corpus of Rs.3.5 crore with no liabilities is indeed commendable. Your disciplined approach with a monthly SIP and a pension adds to your financial stability.

To generate 1.5 lac per month from a corpus of Rs.3.5 crore, a withdrawal rate of around 5% annually would be required. However, it's essential to consider factors like inflation, potential medical expenses, and unforeseen financial needs that might arise during retirement.

Have you factored in the impact of inflation on your monthly expenses? With rising costs, the purchasing power of money diminishes over time. It's crucial to ensure that your corpus grows at a rate higher than inflation to maintain your desired lifestyle.

A Certified Financial Planner can provide a detailed analysis, considering your financial goals, risk tolerance, and investment horizon. They can guide you on optimizing your portfolio, ensuring a balance between growth and income to meet your monthly requirement and safeguard the corpus for the future.

Remember, retirement is a phase to enjoy the fruits of your labor, cherishing moments with loved ones. Ensuring a well-planned financial roadmap ensures peace of mind, allowing you to embrace retirement with confidence and joy.

Ans: Considering your imminent retirement and substantial funds in FDs, diversification is essential for long-term growth and wealth preservation. Allocate a portion of your funds into diversified equity mutual funds to harness market growth potential. Gradually transition a portion of your FDs into debt mutual funds for stability. Ensure your investment portfolio aligns with your risk tolerance and investment horizon. Consider consulting a financial advisor to create a personalized asset allocation strategy and review your retirement income needs. Regularly monitor and rebalance your portfolio to maintain diversification and mitigate risk while aiming for steady returns.