I will be retiring soon in August 2025 (60 years) from Central Govt job and and entitled for superannuation pension. I want to invest retirement corpus fruitfully and gainfully for my requirements. Please suggest how to park money in different schemes. Details are given blow:
1) Monthly pension incl. DA: Rs. 1.25 lakh approx
2) PF+Gratuity+Leave encash.+Pension commutation: Rs. 1.9 Cr. approx.
3) Bank balances incl FD: Rs. 80 lakh
3) Post Office MIS: Rs. 15 lakh
4) Corpus in NPS (Citizen): Rs. 19 lakh (Can be continued to invest till 70 years of age)
5) MF investments: Rs. 17 lakh (present value)
6) PPF: Rs. 20.5 lakh approx.
I will stay in my own house.
Need an honest advice to invest my money.
TIA.
CAclubindia
