>
>
>
> Hypothetically, say that translates into 25K + 5K + 5K + 5K= 40K per month.
> Need to have a corpus that gives you this monthly amount with even
> conservative investments such as FDs. We're talking about a 8-10% ROI per
> annum. So, in this example, you need to have a corpus of 50 - 55
Don't forget nursing home expenses or the fag end of life medical care. It's
frikking expensive and eyewateringly big.
On 16 Sep 2016, at 11:37, Deepak Shenoy wrote:
>>
>>
>>
>> Hypothetically, say that translates into 25K + 5K + 5K + 5K= 40K per month.
>> Need
On Fri, Sep 16, 2016 at 4:07 PM, Deepak Shenoy
wrote:
> Now, here's the other thing. If you're planning to build cash flow, don't
> use FDs. They create taxable income and at large corpuses become very
> unwieldy. THere are other instruments - I can give you more
>> 2) Hired a* professional "family office" investment consultant* to invest
>> and maintain this corpus. I enjoy the financial planning aspect of wealth
>> management, but my weakness is I hate paperwork - and this from a person
>> whose career was built on documentation! So for my own sanity, I
Here's one:
http://capitalmind.in/2016/06/video-park-money-save-80-tax-also-generate-cash-flow/
(This is a way to keep your money in a money market mutual fund and beacuse
of the way Indian tax laws work, you save about 80% compared to an FD, if
you only take out what you need)
Another is to use