Hi
I would appreciate guidance on my financial planning.I am 53 yrs and will retire in 7 yrs from now. My monthly salary now is Rs.70000 and I save 15000 every month in my GPF and Rs. 10000 in RD. My monthly expenditure is Rs. 25000 and my sons are settled and are earning. I am paying an EMI of Rs. 13000 towards my home loan but that is taken care of the rent of Rs. 13000 that I am receiving. My current financial position is GPF balance Rs. 4 lakhs, FD Rs. 10 lakhs. PPF 2 lakhs, I have a PLI endowment policy for Rs. 50000 which matures when I will be 55 and a whole life policy for Rs. 1 lakh. I pay 2000 SIP in HDFC Prudence and Rs. 1000 in Reliance opportintiies fund. I know I am not insured well but as I am already 53, and by the time I realized, it is already too late. As I went through the posts in this website, I understood that no cover would be needed beyond 60 yrs. So, I want to maximize my assets by the time I retire, so taht I have a corpus of about Rs. 1 crore. I have an investible surplus of Rs. 20000 every month. I will be grateful for any advise on the best way to go about it. Thanks in advance