How is my pension fund – can anyone comment ?

POSTED BY twostarpkl ON March 9, 2014 6:48 pm COMMENTS (2)

I have just retired at the age of 60. Is investing in pension fund by paying 2 lac annually with a promise to withdraw 1/3 after 5 years and having pension of 8k for ten years n getting balance money then is ok idea. this is for investment as i am already drawing pension. pl answer.

any other better option ?

2 replies on this article “How is my pension fund – can anyone comment ?”

  1. ashalanshu says:
    March 10, 2014 at 12:16 am

    Dear Twostar, Bad Idea. Please invest the money for growth and to use in future. Not in a pension fund.

    Thanks

    Ashal

    Reply
  2. Rokhan says:
    March 9, 2014 at 7:46 pm

    It is interesting (also good) that you want to invest after retirement. But please provide more details:

    1) What kind of pension are you getting and how long will it continue. Any other income?
    2) Purpose of withdrawing after 5 years
    3) Purpose of keeping the balance after 5 years
    3) What about after 10 years – get balance money to do what?

    Reply

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