Beware Retirees! Know The 9 Ways You May Lose Retirement Corpus
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- เผยแพร่เมื่อ 4 ก.ค. 2024
- #nri #nrimoneyclinic #financialplanning
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My dad always tell me: „if you give money to your family/ friends, you will lose both the person and money. If you don’t lend money, atleast you will keep this money“.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
The stock market will plummet further, so I advise you do critical analysis on companies you are going to buy. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.
I’ve honestly been considering going the route of an advisor, this current market is no jokes for the average retail investor, but do these advisors really make any notable changes to a portfolio or am I better off on my own?
Very well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.
*Leah* *Foster* *Alderman*
You'll probably get more information if you do an internet search for her
Yes, I hv lent money to my cousin and my friend ,the money never returned on the contrary the relationships ended with the loss
Precisely safeguarding the retirees.
Very sound advise with clear message. Thanks
Excellent!!!!! Terrific video, superb advise
Very sound advice. It does make a lot of sense in investing the retirement corpus wisely, rather than blowing it up in purchasing a property. If invested wisely, the income generated will be sufficient in leading a comfortable lifestyle of one's choice.
Where to invest? Assuming that retirement corpus is 50 L, what would be your recommendation of wise investement, if any.
I would suggest Rs. 30 lakh in SCSS (current rate of interest is 8.20%), Rs. 5-10 lakh in Savings A/c (for emergency) and balance in two good Hybrid Funds.
@@pchako Perfect! Thanks.
@@ulhaskhare8301 I have invested in SCSS @ 8.2% for 30L and another 15L in P.O. MIS @ 7.4% monthly. It comes to around 30,000 + pension.
Excellent presentation for retirees dr. Bhat. Keep it up. We have benefitted a lot since we met you even before retirement. Thanks and god bless
Thanks on behalf of retirees
Very educative,apt and highly useful
One of the best and straight forward msg for retirees. I am going to share this in my close group. Thanks for making this wonderful video.
Thank you 🙏 for such great advice. Kind people like you keep this world ticking.
Thank you,I have been listening to you since last 5-6 years
Forgot the most imp. Getting a good health insurance policy. Private Hospital bills can wipe out all your savings
Super advise.. Thanks
I APPRECIATE AND TREASURE EACH OF YOUR WORDS. TKU.
Thank you very much.
Very useful presentation.👍
Very valuable advice. Thank you.
Worth of Millions$'s advise - Thanks so much Sir
Excellent advice. Much appreciated 🙏
Simply superb sir. Thanks for the wonderful videos.
On the verge of retirement and intend to diligently follow every one of your advice.
OMG EYE OPENING ADVICE 👍👌🙏
Very pragmatic advice. Very valuable.
Thx sir,. Valuable insights
Very good information. Thank you very much
Very useful advise. Thanks
Very practical. Message is very loud and clear. I have seen this happening with my relative. Must watch for all retirees. Do not try to be a hero.
Very good information
Thank you. Very good advices
Thank you so much sir for precious suggestions .🙏🙏🙏
Perfect..Crisp..Clear..❤
Such good advice!!!! You are a wise man indeed. Soon I hope to hire you
Valuable advice, thank you sir
I have almost followed the sound advice given by you.
Good advice .very useful🙏
Excellent!
Really true. Thanks.
Eye opening information.
Excellent in depth knowledge on protecting owns money.❤
Very nice and thoughtful video , thank you Sir
VERY NICE WELL SAID
Thank you sir for your valuable advice 🌷🙏
very wise suggestions
Thankyou,
For your Excellent Advice
And Suggestions
Thankyou
Highly useful.
Excellent information sir...
The message is very clear and very straightforward to adopt.lf you give money to your brother or sister it will not return and you defenitly lose relationship and money. You will suffer lifelong and nobody will come to help for your life unless you earn money adequately support your life and family life.
When you get aged you need more money to run your family and take care of medical expenses.
Sir's advice is 100% true and adotable.
A very nice vedio.
Sir, your Advice to retirees is 100% right. Many including me have suffered. Anyways every one should who is about to read these repeatedly and follow to spend the rest of retired life HAPPILY.
Thank You Sir, For very Informative Video
Very good information, especiall for old mentality Indian parents
Thanks for the nice advise 🙏 Entering into agriculture can also be a corpus eroder
Very very useful advise, Sir. Thank you for the same.
Very nice information
Very Good piece of advise 👌🏻🤝👌🏻
Thank you so much Sir 🙏
Very nice information.
Thanks a lot.
With respects and regards
Srinivas N
Very good advice
Well explained
Thank you.
Recently , one of my deceased colleagues wife suicided. Reason, she lent her husbands death benefit amount to relatives and to few other people and become penny less in 10 years.
I wish people took wise peoples advises seriously.
Good presentation 👏
Thank You
Very relevant
Thank you....❤
God and valuable advice
Great advice.. sadly with my experience most don’t follow
Superb🎉🎉🎉
Fantastic, sir
Nice advice
Nice video.
And you look sooo cool even in casual dress. ❤❤❤❤
Well said
Sound advice
As usual very useful session with lot of practical guides. Dr. Bhat I keep hearing a lot of advice to invest in gold. If there is any session you can conduct for gold as one of the assets in someone’s portfolio, it would be great. Thanks a lot.
Thank u sir
My late father's advice: never lend and never borrow (applicable to. All loans except for a reasonalbly sized house).
I have a house , never in my life lent or borrowed...i am old now, but the peace of mind is very much
Sir, One more problem all of us face is not having enough medical cover. I wish there is a way of building a self insurance right from the time we are young.
Very very useful and meaningful content. I would like to speak to one of ur representative. Thanks
You can send a WhatsApp message on our number mentioned in description box
Worth at the cost of repetition.
Sir
Would you advise money market fund or fixed deposit for safety and liquidity
Pls also mention that you provide services only with minimum 1 lac and above per month
@0:19 it is 'Lose' not 'Loose'.
Instead of going for health insurance and paying heavy premiums which are not returnable,you may keep a portion of your own money after retirement in a nationalised bank as F.D. and you will get75 percent of the dep. amt as loan whenever you and your family are sick.
Pay interest for your money to bank?
@@skpadmakumar4665 if you are ready to loose the premium amount when you are not sick then it is your wish and will.
How to have an account in a bank where no online transa tion can be done,as banks insist on tbe online transaction
Sir,
Do an UAE based NRI can get 1 lakh exemption on long term capital gain on equity Mutual funds ?
2. Do an NRI can get 2.5 lakh tax exemption per year ?
Thanks
Regards,
Retirees should also not become too risk averse. By parking all the retirement funds in Banks you may avoid default risk but your capital is losing its purchasing power. It would be better to keep only that portion of capital in banks which fetches interest that can cover monthly expenses and park balance in growth funds. During the past 15 years mutual funds have shown CAGR of above 14%. Dividends can be used for paying property tax vehicle and health insurance and travel
All equity based MF schemes are subject to market risks and retirees must consider it. That you have not mentioned in your comments.
I have assumed that you don’t trade with your corpus but stay invested in MFs or shares with 5 to 10 year time horizon. During this period the investment may have ups and downs but ultimately outperform Fixed deposits
There are no free lunches and for higher returns you need to have some risk appetite
Thank full sir jee
I salute you for preciou suggesitions
Large Bank which one Sir name it sir
HDFC, SBI,
Hdfc Icici Axis are large pvt sector banks n SBI Canara n PNB public sector banks that are safe
Repair of House. Purchase of Big car. Co Drikers are dangerous
You've lost weight sir!! Good job!!
Thank you
Please explain how to buy RBI Bonds the safest mode of saving hard earned bucks in India? Jai Hind !
Investment in properties never failed.
Investment in properties? not very good. Rental yield in India is very low and there was a time when land prices increased astronomically. Right now you are better off with SIP in mutual funds. This beats property investment without attendant risks
If u keep money in bnks, then u cannot exceed d limit hence you will end up paying a hvy tax will ruin ur life n will b left wit a miniscule amt which leave u in doldrums ending up paying taxes
Sir Please Make Video On Education Loan How Can Avail Education Loan Full Process And Which Documents Required For
This video is already there on pur channel
❤
While retiring where Otis good to repay home loan or pay emi
Depends on you individual circumstances
👍
In india education loans are simply personal loans in garb. Why would you advise anyone to pay 10 to 15% interest for 15 years ... baffles me
If I may add 1 more thing, pls opt for old regime and have some money in hands for yourself if you are over 70 like me. Those various 150000Rs tax saving schemes where your money is locked in for years is basically you sacrificing for your children to enjoy.
I have recently made a rigourous analysis of old vs new tax regime. I found that only if you have housing loan EMI, the old tax regime is beneficial. Otherwise only with 80C ( Rs.150000) savings, you will end up paying more tax
@@funmann1234 thank you for being on the same page as me😊.
It is perhaps God's greatest joke on us all, that we toil, sacrifice, work hard all our adult life only so that others enjoy the fruits of our labour !! The Govt takes away 50% of what you have earned in the form of various taxes and the rest will be enjoyed by the children . A miniscule amount of the new generation look after their aged parents. I see it all around me, within my family n friend circle.
Even telling ur child tat he^/she can tke loans n clear all d loans just becoz he has got a job is not sufficient enough to tke care of his needs due 2 rising inflation n evry time u or ur child thinks tat he hs earned enough fr him 2 clear d loans will either lead u or ur child in deep distress becoz no one can clear any loans b it education , marriage or health issues, all r schemes r hopeless n does not achieve any results on d contrary they loot ppl n children frm all walks of life n thus leave them in distress, as I can truly say tat no scheme is trustworthy n will fetch gd Rtrns on d contrary all these schemes will leave u in distress n jeopardised ur life.
Which is this whatsapp no...I mean it's more than 10 digits?
UAE mobile number 00971 is country code followed by mobile number
Dr Sir,
U r giving infrmn only 2 NRI's but wat abt Indians? Where can one park funds sufficient enough 2 lead a comfortable life, especially in these days of high rise inflation, in d contrary u r taxed n end up paying taxes on all tat u hv earned in life even d child's job does not fetch him gd Rtns sufficient enough to clear d loans he can opt fr !!!! U r trying 2 help only NRI's which according to r knowledge will give u gd Rtns n d commission u get frm these Rtrns will make ur life Healthy n comfortable oer n abv all r Indian schemes becoz it is these NRIs who invest their money in India n frm here they again invest outside India fr seeking their personal growth.
So once again can u suggest a clear cut scheme which will evade u frm all taxes just like outside India ppl n other dignitaries r investing heavily n fetching gd Rtns n living a luxurious lifestyle? Why not? Only NRIs profit but wat abt d common man or person in India tat money will work fr them n guarantee one gd Rtns?
His channel name has NRI in it and hence the content is rightly catered to NRIs. You'll find heaps of other channels for your questions