Hi all,
I am 38 and i am working on planning on investment for retirement.
My Requirement is simple :
After 55, i need a regular income for next 15 years.
That means, every month / every year i need an amount to survive.
Note : i do have stock, mutual fund, gold & Land investment, PF / VPF.
I have got couple of suggestions given it to me.
1. Buy NSC Bonds, every month for next 5 or 6 Years. On maturity keep reinvest again. so, it will be kind of small amount which i will get when i need it on monthly basis.
2. Buy, 15 or more insurance plans which matures ever year after 55. So, i will get a good sizable about every year after 55. I am not sure how they do it. I think those are endowment plans, which is around Rs.500 premium. I am not still clear about how this will workout. if it's wrong idea and cannot be done please let me know.
I need your suggestion / is there any other options.
Thanks,
-Dinakaran.AS
I am 38 and i am working on planning on investment for retirement.
My Requirement is simple :
After 55, i need a regular income for next 15 years.
That means, every month / every year i need an amount to survive.
Note : i do have stock, mutual fund, gold & Land investment, PF / VPF.
I have got couple of suggestions given it to me.
1. Buy NSC Bonds, every month for next 5 or 6 Years. On maturity keep reinvest again. so, it will be kind of small amount which i will get when i need it on monthly basis.
2. Buy, 15 or more insurance plans which matures ever year after 55. So, i will get a good sizable about every year after 55. I am not sure how they do it. I think those are endowment plans, which is around Rs.500 premium. I am not still clear about how this will workout. if it's wrong idea and cannot be done please let me know.
I need your suggestion / is there any other options.
Thanks,
-Dinakaran.AS