what could be a blue print of finance plan for a retiree,64 along with spouse 58, having following wealth, not any short of income, ready to sale /redeem as required for planning, middle class leaving in 2nd tier city (i mean, not metros)., ready to keep limit to rent of rented house
wealth— house– may fetch 25 lacs, bank balance with fd 1 lacs, mf diversified 4 lacs
health— good for self and spouse with no diabetes and hypertension , rs. 50000/- individual heaith insurance for both since more than 10 yrs, also members of son’s family floater of rs.350000/- in a bank’s group insurance.
no major obligation pending.
life expectancy 85 YRS for both/
be realistic and compromising on issue like health insurance .