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Retirement lump-sum planning for Parents

I am seeking some advice here if there’s any service, guidance related to lump sum investing for my retiring parents. They don’t have any liabilities, will get monthly pensions. They hold some equities, MFs but that was bit scattered without proper planning. If anyone here helped their parents plan better risk, stress free retirement lives, pls feel free to add. My idea as of now is to - 1. Put 20% in FDs for any medical emergencies (beyond health insurance) 2. Another 20% for philanthropy goals they have from long 3. Rest 60% in icici pru multi asset fund , it will keep rebalancing the asset classes and taxation will be under LTCG. Please share alternate plans, will help us. Thanks!

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CommonChop20

Unemployed

a year ago

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ElonMast

Amazon

a year ago

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by LinuxMint

Stealth

Reached 1M USD networth in India 🇮🇳

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth) 46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi. So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next. This chart was made by our Wealth Manager. Rough Net Worth Breakdown: 1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr EPF: 75L NPS: 35L 2. Savings Account and Fixed Deposits: 20 L Savings Account: 12L Fixed Deposits: 8L 3. Mutual Funds (MFs): 3.8 Cr (Breakup Below) Index Funds: 25% Mid Cap: 15% Contra: 10% Small Cap: 20% Flexi Cap: 30% 4. Fixed Income: 1.3Cr FDs: 50L (Spread in segments of 5L across 10 banks) NCD/Bonds: 80L 5. SGB (Gold): 80L 6. Crypto: 46L Bitcoin: 35L Solana: 6L XRP: 3L other cryptos: <1L International Investments: 1.49Cr QQQ: 30L NVDA: 32L AAPL: 28L AMZN: 33L GOOGL: 26L We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family). Please share your financial journey and any advice, we look forward to reading your comments.

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