I am 40 years old and earn Rs. 50,000 per month after tax. I want to retire after five years and start a business. I have around Rs30 lakh in fixed deposits. I also invest Rs. 5,000 per month in mutual funds. I live in a self-owned house. How should I invest to earn Rs. 1 lakh per month to...
The rise of nuclear families, increasing life expectancy, rising healthcare cost, and absence of public-funded old age healthcare has increased the financial insecurity among retirees. Another growing concern for retirees or those approaching their retirement is the debt burden arising from education loans availed for their children’s higher education, at least in the initial years of their children’s professional lives....
I am 40 years old and have taken a career break for a year. I received Rs 5 lakh as my gratuity and want to invest this amount in an avenue where I can get compounding interest. I want to use this money to end my home loan of Rs 18 lakh by May next year. I also have an LIC policy which will complete 10 years in December this year, so I will be able to withdraw Rs 4...
