What to do once I retire? Let's say my mutual funds investments have become 1.5 cr now and I have reached retirement age. I have an own house and car, but now no more monthly income so what to do with my investment now? make an FD and pay tax on interest amount and remaining amount as my monthly salary or any other better options kindly suggest.
Just like you have an SIP, there's an SWP for retired folks. Hire a financial planner to draw up a plan for your SWP and then take it from there
So all the accumulated portfolio stop existing SIP and sta have to start a SWP is it? will that attract incometax also?
Not income tax but capital gains tax. There might have to be some reallocation between asset classes to better suit your new risk profile and lifestyle expenses
Following. I think people go with swp on low risk mutual funds and or generate passive income from rental properties etc
I don't want to go for rental properties, if any other option pls do suggest. Rental properties if the tenant is a headache then only source of income will become difficult
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Hi all, I need suggestions. I am 32 and I have properties worth 3.8cr and my net is 2.7cr.
I want to sell these properties and retire and live on the returns from fixed deposits.
My expenses are 1 lac a month. I have already invested ...
Folks, where can I invest the retirement fund of my parents? Please suggest MFs, stocks and other investment options wherein I can do lumpsum investment of the capital.
In case you have suggestions to make diversified investments, plea...
My parents are retiring in a couple of years, have govt pension but also have a sizable corpus in their PF account.
Need advice on investment options, have no loans or debt right now. Focus on growing money with relatively low risk tole...
Can someone retire with 1cr - invested in FD and stocks..having own home ..no debt ..annual expense - 5 lakh..