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  

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  
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  
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  
This would depend on the corpus that you have accumulated, and the number of years you want the income for. more  
Post a Comment

Related Posts

    • Bad news for small savers

      There won't be any cut in interest rate of Small savings schemes . Yesterday's decision to lower the interest rate is REVERSED

      By Jayanti Natarajan
    • Bad news for small savers

      Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...

      By Vikram Gupta
    • Secured earning for Senior Citizens

      I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...

      By SN Sitaram
    • Rounding off the amount in Bills

      Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...

      By Manas Hazarika
    • Great news for seniors

      Senior Citizens (above 75 years) who get pension and interest income only are exempted from filing returns

      By Azam Yusuf
    • The Govt salutes honest and compliant tax payers

      Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...

    • Can budget help with illiquid stocks

      Most of senior citizens are stuck with stocks of illiquid and delisted companies. To help them a window may be created to extinguish such stocks and set aside such investments against long term ca...

      By Aditi Jain
    • Waive off Tax for the Covid-19 period!

      Covid-19 has affected almost all citizens and residents of India. People are jobless and businesses are either shut down or in a loss. People are unable pay their EMI's. Loan moratorium relief was ...

      By Suhail Sayed
    • Now report these in income tax

      Additional transactions to be included under the reporting standards of income tax include: Payment of rent above Rs 40,000. Payment of educational fee/donations above Rs 1 lakh per...

      By Aditi Jain
    • Savings Must ?

      Senior people at loss as Bank FDs intrest less. Now any type of Mutual Funds ,Liquid Funds prone to Stamp Duty. Gains for LTCG. Dividends TDS! SCSS etc Long duration with reduced yields! Is Saving...

    • Newz 26 AS form

      CBDT has recently brought out the new form 26AS for ease of filing of Income Tax Returns(ITRs)by taxpayers.The new form is a faceless handholding of taxpayers,to help them with updated financial t...

      By Aditi Jain
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)