Name: R.P.Singh
City: Kanpur
Age: 61 yrs
21 Sep 2011I am retired. I want to know where I can save money for maximum return
Presently Holding – Fixed Deposits of 10.5 Lacs
Want to invest 6-7 lacs more (want regular income)
Please design a portfolio for me. |
Retirement Planning – NCD
- In the current scenario go for NCDs – highest return, assured income
- Choose NCD’s with atleast a minimum AA rating
- If none are available take help from broker to buy on the stock-market or buy it yourself.
- If you can take a bit of risk go with MIPs and start an SWP of about 8%. Once in a year or so you can make a larger withdrawal depending on the profit of that fund.
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Voluntary PF vs Pension Plans
Name: Arnav Gupta
City: Mumbai
Age: 50 years
Salary: 20 Lac per annum.I want to plan for pension. I am investing 15000 pm in VPF since 2 yrs. Should I continue VPF or plan for pension fund. What is the ideal portfolio for my retirement and should I continue in VPF … what are the benefits….. |
Retirement Planning
- Pension plans are of 2 types viz traditional & Unit linked. Between traditional pension plan & VPF – VPF is surely better
- Between 100% equity unit linked pension plan and VPF – unit linked may be better.
- Say 15k pm for 10 years gives you 28 lacs in VPF and 40 lacs in ULIP pension. However in unit linked you will get only 1/3rd of the fund value as commutation. Rest of ULIP corpus will be used for annuity.
- The best thing to do is to go with diversified funds where you will get the same about 40 lacs in 10 years and then you can use this money as you please.
- If you choose to be conservative and have enough resources for pension you can go with VPF as the whole corpus will be available to you on your superannuating date.
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Name: R K Pandey
Age : 64 Yrs
Place:PatnaSenior Citizen Schemes @ Post Office…… I want to invest money in Some Good Schemes of the Postal department … My aim is to ensure that my Principal Amount remains absolutely safe… Plz try & help me out with the Best offers for Senior Citizens at the Post Office …My Horizon is Medium Term |
Retirement Planning
- Please consider senior citizen deposits – they pay you better than the 8% of postal department
- Also look at NCDs and corporate deposits.
- If you do not have a need for monthly income and can take very little risk MIP would be a great option – you can expect say 10% or more over a block of 4-7 years.
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caller 9 919415101390
How is Reliance Golden year plan ? |
Investment – Retirement Planning
- This is a pension – best avoided
- High charges at entry and later.
- Pensions is likely to be around 3-5% and fully taxable as per current laws.
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918895500526 A K Srivastava, Raurkela
I will retire after 6 yrs…. Now i can spare 30,000 per month. Where to invest to get a regular income for retirement…..
(Want to invest now – Current Age: 54 yrs). |
Retirement Planning
- In 3 years you will be able to accumulate 30 to 35 lacs by investing into diversified equity funds.
- Expect to get about 20-25k per month for next 25 years without factoring inflation and capital being intact
- Else about 12k increasing @ 6% p.a. for 25 years with capital being intact – but some detailed planning in needed
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919004085883
My retired father receives pension. He will receive Rs 10 lac and wants to invest it for monthly income. pls suggest good options. How much monthly income can he get? |
Retirement Planning
- If you don’t want to take any risk consider debenture issues – you may get monthly or quarterly income via interest payments. Expect to get about 7-9% in today’s time (post tax) also depending on his income tax position. Income may range from 6k to 7.5k depending on what you buy. Recent issue of shriram transport is a good example. Even RBI bonds of 8% may be considered.
- MF MIPs are also a good option. Monthly income is not guaranteed but you can expect 8-9% and upwards return. Best way is to go into the dividend reinvestment option and set up an SWP plan for about 8% of the corpus i.e. 80,000 p.a. or about 6500 per month.
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