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Naresh Karmali

Retirement Planning

I am retiring in Nov. 16 & I would like to know where to invest so as to earn monthly10-15K p.m. more  

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R N VERMA (consultant)
I am a IOCL consultant retiring in mid 2017 & my commitments are to marry , settle myself & family with three settled children. Also , financial management of my resources & my family with decent accommodation & settlement at a metro location like Hyderabad , Mumbai , Pune or overseas in Abu Dhabi , Dubai . more  
Ramachandran A R (Astrological Consultant and Counsellor)
The thumb rule is that one should invest as follows, though some individuals who have to marry off their daughters and educate their children should consult a certified financial adviser to draw up an investment strategy. 70 minus your age will give you the percentage of money that you can invest in equities. If you are 60 years, then invest 10% of the total corpus in equity based mutual funds. 20% you can invest in Monthly income plans of mutual funds where the risk is minimal. Another 20% you can invest in debt funds where the risk is almost negligible. It makes sense to invest in mutual funds as the returns are tax free. the remaining you can invest in Bank deposits. more  
Arvind Lele (Retired information technology professional)
It all depends on your risk appetite, corpus and your expectation of expenditure that you will incur for various issues. In general after retirement unless you are getting a regular pension you should keep your funds in fixed income funds. Equities give the maximum returns over a long period say three years and beyond but there is a downside risk also. Therefore a general suggestion would be Invest 20% in equity based funds Invest 20% in balanced funds Invest 40% in fixed income funds And remaining 20% in liquid funds for emergencies. Equities will yield 20% in long term, Balanced funds will yield 12-15% Fixed income will yield 10% And liquid funds will yield 5% Thus on an average you will get 10% returns but you have to watch fund performance and switch funds after monitoring performance more  
S R Srinivasan (I know that I don't know enough about money)
This would depend on the corpus that you have accumulated, and the number of years you want the income for. more  
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