POSTED BY November 19, 2012 10:41 am ONE COMMENT
ON
Dear Manish,
I am 55 yrs old NRI planing to settle back in India I want to invest lumpsum in a way that I get Rs 40 K monthly .I wish to get this income from 2014.
The options I have looked into is as follows :
1)Jeevan Akshay .
2)Bank NROFD with 9.50 % interest with Deutsche Bank.
What would be your advise as I do not want to take any risk at this stage.
Thanks &Kindest regards
Kiron
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Go through this regarding your Riskfree options:
http://www.subramoney.com/2011/05/types-of-risk/
Also remember, you (or your spouse) may live till 80-90 years, which means 25-35 years more).
What corpus do you have to provide for that income?40 Lakhs or 4 crores or 40 crores?