https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314251
2 crore is very less for 2050, try to up the game.
Suggestions on retirement plan
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I want to start investing for my retirement. Probably need a lumpsum of around 2C on 2050. Already I'm doing SIP in equity MF. Please suggest some ways by which I can achieve that.
Edit 1: Age 25, Can spare 10k pm currently, can step up later. No big responsibilities. No liabilities. Risk appetite: low to medium. Existing allocation is 100% equity.
Edit 1: Age 25, Can spare 10k pm currently, can step up later. No big responsibilities. No liabilities. Risk appetite: low to medium. Existing allocation is 100% equity.
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https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314267
Neversaynever wrote:2 crore is very less for 2050, try to up the game.
I expect MF to yield another 2C at 2050.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314441
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314448
Your age /money you can spare /family /responsibilities /assets /liabilities /risk appetite/ existing allocation etc.
No info provided.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314489
Ramta_Jogi wrote:EditedYour age /money you can spare /family /responsibilities /assets /liabilities /risk appetite/ existing allocation etc.
No info provided.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314632
PPF is a good option as the invested + plus the matured amount is tax free. Even with conventional returns you save 30% on the increment. NPS is another alternative. With 50K in NPS you save 15k in taxed under section CCD, which is not available to any other investment. It has been giving decent returns as well with lower risk than market.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314697
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GreyHenna wrote:
Edited
When you say your risk appetite is low to medium and your allocation is full 100% equity..
Does it mean you are willing to see your capital (total amount in market and not just monthly payments) erode by 20-40% for a period of 2+ years or even get a meagre 2-3 percent return over a period of 10 years?
Or see you sip not move anywhere and give less returns than FD for 3 years?
Do you have emergency funds backup or other ppf /epf /vpf /nps /FD/ gold /health investments?
Can you support yourself for an year, if - lord forbid, you were to lose your job or have to leave your job and move back to your village ?
Personal finance is more personal than finance.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314754
The amount we save will be always less when we wanted to use.
So better to die before 65 to 70 in this world.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314787
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Ramta_Jogi wrote:When you say your risk appetite is low to medium and your allocation is full 100% equity..
Does it mean you are willing to see your capital (total amount in market and not just monthly payments) erode by 20-40% for a period of 2+ years or even get a meagre 2-3 percent return over a period of 10 years?
Or see you sip not move anywhere and give less returns than FD for 3 years?
Do you have emergency funds backup or other ppf /epf /vpf /nps /FD/ gold /health investments?
Can you support yourself for an year, if - lord forbid, you were to lose your job or have to leave your job and move back to your village ?
Personal finance is more personal than finance.
Currently my asset allocation is completely equity and I'm afraid that it may not fetch the wealth I expected due to macro economic factors at that time. Still I'll continue my SIP in MF though.
I'm looking for a way to get some lumpsum at maturity that I can rely on. With which I'll make an FD at the time of maturity for my monthly expenses.
I have an emergency fund of 10m salary in FD, Paying term insurance, holding health insurance coverage through parent, have epf but the amount is kinda negligible.
I'm not going to make bulk expenses like land/home/gold/car in future.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9314865
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GreyHenna wrote:Currently my asset allocation is completely equity and I'm afraid that it may not fetch the wealth I expected due to macro economic factors at that time. Still I'll continue my SIP in MF though.
I'm looking for a way to get some lumpsum at maturity that I can rely on. With which I'll make an FD at the time of maturity for my monthly expenses.
I have an emergency fund of 10m salary in FD, Paying term insurance, holding health insurance coverage through parent, have epf but the amount is kinda negligible.
I'm not going to make bulk expenses like land/home/gold/car in future.
Theoretically speaking, your current 10K with a 5% yearly increment over 27 years with a rather modest 9% return would be able to fetch you 2 cr. So you can continue with that in 2 passive index funds and take a calculated call of an active fund and a sectoral fund if and when the itch ever arises.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9315689
Something that costs 2cr today will cost 7.5cr in 2050 assuming 5% constant inflation.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9315765
You need to keep planning .... 1) Buy a term insurance first , its cheaper if you buy it earlier. 2) I would suggest active funds to passive funds. Active funds have outperformed index in the past 5 years but not all . So , need to beware while selecting them. If you need best prices on term insurance, pls contact me.
https://www.desidime.com/discussions/suggestions-on-retirement-plan?page=1#post_9315952
third.i.financial.advisors wrote:You need to keep planning .... 1) Buy a term insurance first , its cheaper if you buy it earlier. 2) I would suggest active funds to passive funds. Active funds have outperformed index in the past 5 years but not all . So , need to beware while selecting them. If you need best prices on term insurance, pls contact me.
1) I already have a term insurance. I bought it when I was 22.
2) I'm already SIPing active funds. So now I'm planning to start some SIP in passive index MF.
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Something that costs 2cr today will cost 7.5cr in 2050 assuming 5% constant inflation.
When you say your risk appetite is low to medium and your allocation is full 100% equity..
Does it mean you are willing to see your capital (total amount in market and not just monthly payments) erode by 20-40% for a period of 2+ years or even get a meagre 2-3 percent return over a period of 10 years?
Or see you sip not move anywhere and give less returns than FD for 3 years?
Do you have emergency funds backup or other ppf /epf /vpf /nps /FD/ gold /health investments?
Can you support yourself for an year, if - lord forbid, you were to lose your job or have to leave your job and move back to your village ?
Personal finance is more personal than finance.
PPF is a good option as the invested + plus the matured amount is tax free. Even with conventional returns you save 30% on the increment. NPS is another alternative. With 50K in NPS you save 15k in taxed under section CCD, which is not available to any other investment. It has been giving decent returns as well with lower risk than market.