February 2, 2014 5:21 pm
I will be retiring at 58 years and need good and safe investment options to supplement my expenses as I do not have much savings.
Thanks for your assistance.
Dear Viren, it’s my pleasure.
Thank you Ashal for the insights… As always showing the right direction….
Dear Viren, I w’d like to fund at my disposal and w’d not opt any immediate annuity due to pathetic return in long term (impact of inflation). So I w’d prefer personal allocation in FDs or Bonds or MFs (Eq., Debt and hybrids – all). Once I’m above 72-75, I may think of immediate annuity at by that time at least 50% of retired life is over (hopefully) and return from Immediate annuity plans is good ang guaranteed for that and above age band.
Can we also have your views on deferred or immediate annuties (if a person has lumpsom money). I know Subramoney’s view on it… It would be good to have your views as well….
Dear Platty, bank FDs and debt MFs are your option regarding steady return. Please do note in the long run, these instruments may not be enough for you to provide meaningful return due to impact of inflation.
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