Sr citizens need stable income without much volatility and if the corpus is not big then will need to ensure the capital keeps growing by itself. I would do it like this: 30 lacs - SCSS or ( multiple small FDs in small banks to get more interest rate) ( ~20k monthly income) 10 lacs - SGB ( ~2k monthly income along with LTCG benefit) 20 lacs - Annuity Plan ( ~ 10k monthly income for life time) 40 lacs - mutual funds ( to grow this money at rate > 10%) With the above plan, we can generate a stable regular income of ~32k per month and ensure that half of the capital keeps growing to beat the growing inflation.
Good evening Sir, Thanks for very good advice. The way you described in mother tongue and some talks in funny way impressed me. To be superannuated next month. Try to follow your valuable suggestions.
Instead of FD, isn’t Senior Citizen Savings Scheme (FD type) better than routing Bank FD. It offers higher interest, tax benefits but has a lock in of 5 years
Is it OK to do Teaching or Coaching in your subject of expertise after retirement?...... I am asking on behalf my father who is going to retire in few years?
Please make a video on what retired officers from Fauj do in life/ agricultural activities, which industries or businesses to start / be a partner / please suggest some areas. Thank you
Sir can you tell what approximately an SBI bank manager gets at retirement now a days My father left job(he thinks he retired) @49(after 28 years of service)as deputy manager SBI and got 25 lacs as pf 10 years before
Very good template guidance sir. At the time of retirement suppose a person earned ₹2 lakhs in PSU. There's no monthly pension after retirement. Total settlement amount approximately₹ 1.5 crores. Please guide such retired person how to invest to earn atleast ₹ 1.5 lakhs per month to lead a decent retired life
5% yourself and family. 10% invest in gold, It work wonder when market crash. (NOT ACUAL GOLD,but bond,scheme etc) 15% bank FD, corporate bond and many things which give interest of almost 10% return. (use it for couple of year.) 50% on NV20 index fund. Rest- #IMPORTANT -> 20% asked Expert and invest acc. to it.#
Follow 5%,10%,15%,20%,50% rule 5% yourself and family, 10% invest in gold (This help you when market crush) #NOT ACUAL GOLD, but gold bond scheme etc#, 15% invest in bank FD, corporate bond(which give interest of almost 10% return), 20% invest as you wish(asked Expert), REST 50% on NV20 index fund.
Famous rule is "4% of fund" ie Let's assume at retirement you need 4Lakh per year so at that time you will have investment of 1 crore.ie (minimum 4% return). For better understanding see advice of certified Financier planner (of long good track record for good result)
@@rameshsampath1589 I just write what my friend a famous financial planer tell me. He told me, our retirement goal be as easy as we can since we Indians (middle class) are not complicated. Maybe this info. help you in future.
Sir, with all due reapect, not convinced with the plan,.... Somehow feel, one crore turned into loose change... 7 % rental yield is unheard, not realistic and too much headaches in the bargain ... Instead allocate, Wife and self 15 lakhs each in pmvvy = 30 lakhs, and another 15 lakhs each in senior citizen ss = 30 lakhs..... So 60 lakhs secured with 7 % plus rate....20 lakhs SGB and left over 20 lakhs Index fund, in that order..... If feasible ccruals from scss and pmvyy can be reinvested into ppf... Period. Secondly,Your view is requested on rising interest rates vs annuities.... Will annuities be offered at higher interest rates than current rates in near future, coz interest cycles are uncertain while annuity rates are locked for forever.
So you want to earn money without headache. After retirement havingvno work to do is headache. 7 percent renral yield you do not know. But i know. Try to learn new things then dismissing ideas which you have not experienced.plus rental yield of even 5 percent becomes 10 percent after 8 to 9 yrs as rent increases. Plus capital.appreciation of asset ia there.
@@SangoLifeSutras Agree Sir, one feel tremendous vacuum post retirement not easy to deal with... And if one has made enough carpus and retired from high level post, then its difficult to get motivated to work again as it does not offer same high / kick which one is used to during major part of the professional life... Post retirement,It is tough choice/ life even if one has reasonable amount of corpus. I highly appreciate this channel content quality which is well researched,very very unique but equally relevant in today's societal context and sometimes radical, ruffling few feathers... More power the channel 🙏🏻🙏🏻🙏🏻
Many senior citizens have FDs in banks.... but over the last ten years, interest rates have been drastically reduced(from 9% in 2013 to a meagre 5-6% today). My aged mother has less money for her expenses. When I enquired with the bank officer,she claimed that because there was pressure to reduce lending rates, so the FD rates have also been reduced to offset losses. THIS IS MAINLY HAPPENING BECAUSE DEPOSITORS HAVE NO VOICE AND WILL NOT ARM-TWIST THE POLITICAL PARTIES TO WITHDRAW SUCH UNFAIR DECISIONS.... UNLIKE FARMER UNIONS OR GOVERNMENT EMPLOYEE UNIONS.
In 2013, inflation was 10%. FD was 9%. In 2019, inflation was 3.5%, FD at 5.5% In 2021, inflation at 5.3%, FD at 6%. Please check inflation when you talk about FD rates. Your money was losing value in 2013, and not in 2022. Even in 2022 such a challenging year many FDs have 7% interest rate over inflation of 6.7%.
@@ghzltnsr20 Commenter is incorrect. Inflation is the only metric to assess FDs. Interest rate - inflation =Real rate of interest. If not inflation and price trends in the economy, then what else is the factor? Huh.
@@ankushmukherjee3219 This is reality vs theory! The reality is we're paying more for everything compared to 2013(food,dresses, medicines,etc.) while our FDs are giving less returns. Inflation may have come down but the prices of goods have only increased, not reduced. Isn't it true that inflation is relative? Like if something costed Rs.100 in 2020(not 2013) it costs Rs.103/-(a 3% rise) in 2022. But if you compare the prices of 2013 with 2020, the increase won't be just 3% or even 6%.Has the price of milk, petrol or auto or taxi fares increased only slightly more than they were in 2013? Aren't we paying much more? So that's what affects us common people.
Hi sir, thanks for your good advice. I'm retiring at 39 yrs. I had taken home loan 37lac, 18 months back. Is it good to pay partial amount for home loan from my retirement money to reduce my intrest? Please give me an advice . Thank you.
Sir, I retired on 31st August 2024, I want to invest in one BHK in Gurugram. My two daughters are living there in rented one BHK. I seek your guidance. 🙏
Sir ak video bhi esi bnao jo ganve ,(village) ke logo k liye jo jminn EQUAIRMET hoti h vo smj nhi pata enwest kha kis prakaar se kre un sbhi logo k heeet k leye bhi video bnao sir please
That is gratuity not commutation. Commutation is function of your basic pension which is function of your last basic..it does not have any limit. Do not confuse with gratuity which is 20 lakh cap
@@SangoLifeSutras Sir Normally commutation varies from case to case depending upon the last 10 months income of retirees. 50 lacs is very high and may be available only to those who are having good salaries.
My mother is also getting phone calls from sbi bank agent to convert savings account into wealth category account and my reply was my son is already doing our wealth management. So no need to call again thank u🤠🤠🤠😎😎😎😎
Sir what's dp wali vdos abhi dekhi related que. H ki bhagwan ki dp lagayi h to thik h kya.... or dp nhi lagayi h blank chhor diya h wo b thik h kya haa but black nhi rakha h bus blank h pls clr
Be a regual buyer and investor of stocks and crypto, never daily trade it will disturb work and pece of mind, roughly 50℅ of montthly salary, repeting again never daily trade
