Investment Plan after Retirement
This query is : Resolved
Bapun Dasgupta
(Querist)
03 January 2022
I shall be thankful if somebody can reply to this a bit quickly.
I shall be retiring on 31 January, 2022.
On retirement, I shall be getting Rs. 70 Lakh (all inclusive)
My present savings and / or investments : NIL
I shall be retained by my organisation for one year at a lumpsum remuneration of Rs. 45,000/- per month.
My total monthly expenses is Rs. 1,40,000/-.
Where and how should I invest Rs. 70 Lakh to earn a monthly return of Rs. 1,40,000/- to cover my expenses for at least the next 5 years ?
Best regards.
I shall be retiring on 31 January, 2022.
On retirement, I shall be getting Rs. 70 Lakh (all inclusive)
My present savings and / or investments : NIL
I shall be retained by my organisation for one year at a lumpsum remuneration of Rs. 45,000/- per month.
My total monthly expenses is Rs. 1,40,000/-.
Where and how should I invest Rs. 70 Lakh to earn a monthly return of Rs. 1,40,000/- to cover my expenses for at least the next 5 years ?
Best regards.
CA R SEETHARAMAN
(Expert)
03 January 2022
It's not possible to earn a monthly return of 1.40 from 70 lacs from safe investment.
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