Very Educative Videos especially for People just about retire. I am retiring in 2 months at the age of 62. I invested 15 long years in learning Tabla (Musical Instrument) & now after retirement planning to take more students for teaching Music to them. Also will start going for professional concerts without restrictions. My passion also would be fulfilled apart from getting regular income from this. Also I did deep study of share market in last 5 years & now I am able to get consistent returns of 16 to 18% CAGR from direct shares & now more confident of investing in share market independently . Now I have exposure of 50% in shares/MF-SWP, 50% in debt like Bank FD & Various Annuities as advised by you. I am very grateful to you for such valuable advise which has given me more confidence. God bless you always.
After all these years and n number of finanicial advises on liquidity it appears that the old style of bank fd with compound interst is the best invesent
In western foreign countries always get advised to have a funeral expenses insurance after attaining Superannuation. The amount is 30k for a simple last rites which relieves the financial burden on Children.
Good presentation.People should not harass themselves in building the retirement corpus.Even after their retirement they can gradually accumulate money to enhancetheir retirement corpus .Perhaps, some insurance policies mature late and can add to the corpus. Safety, security and liquidity must be the watch words for their investments.
1. List of Assets with full identification numbers and locations: lockers, property documents, demat accounts, receivables pronotes and hand loans, partnership and LLPs in which partner, list of loans, guarantees, mortgages 2. List of Uptodate passwords and email accounts 3. Mandate on how and where to conduct last rites 4. Living will : instructions to near relatives on extent of medical treatments and artificial prolonging of life, contact details of medical experts , soft copies location where past medical records kept
Sir, your knowledge and guidance to NRI's community had great help at large, i would like to make a kind request if possible , kindly share some information on HOW NRI CAN GET REFUND OF GST ( normally we get refund on airport while departure. As per my recent experience no vendor guide to their Clients even large companies. while European vendor always guide and issue proper documents to make your easy refund. Thanks
One thing everyone miss to tell.. as most of the indian retirees have FDs investment... kindly tell how they withdraw some ogf the interest portion and do their monthly expenses, while letting their investment to grow further.. you have touched that point, but if you could tell particularly about the FD investment interest withdrawls it will benefit most of the retired people. thanks
Sir can you make video on 'minimum retirement plan' that shout work for most city's family. Also note that most people would be shining stars in later careers.
Some insurance companies offer Top up Mediclaim policies but Coverage starts once you exhaust a base cover from another Insurer. Are these good enough considering that they are cost effective, or is there any other underlying or grey area
AS PER YOUR PREVIOUS VIDEO & TODAY’s MESSAGE… I took all the points very seriously. Paid off every bills, mortgage, loans purchase my retirement home in Pune etc..& in May 2023 retired at the age of 71..& feeling happily retired… goodbye tension; welcome Pension… EXCEPT ONE ISSUE: Couldn’t find the right person to create my will.. either they want monthly ‘rent’ to store my data ..or.. asking an unreasonable amount… BUT AT THIS AGE I MUST TAKE CARE OF ALL MY (NY & Indian) properties, banks, investment asset etc.. as 71 is a good number to complete my responsible circle
I have medical insurance, will receive regular pension from government, some corpus from investments and retirement benefits. A house to live. Children are independent. Just to maintain cashflow.
I have a question for you if you dont mind. My wife got paid from the sale of flats which were were built on her father,s property by a promoter. Is this income taxable, if it is , what is the rate?
To look-after oneself during living is not enough. One has to look after their last journey is smooth and decent. There is also the post demise expenses every year "Sraddham" to be done.
Where is the end?. Once we die why should we bother about rituals?. Who can assure you that your dear ones will continue to do that ?. They possibly may not even believe in those rituals We lived on this earth and we 19:47 Many Crores died before us and many many crores die after us. Just chill.
Dying suddenly in old age is not worrisome, but extended ill health with little or no money is more than mental, financial, physical suffering. It's easy to throw a philosophical statement, "everyone will die someday," than doing adequate financial planning. Chandrakant Bhatt's videos bring that kind of awareness and knowledge to working people.
That was in response to your comments that prices can shoot up for treatment etc. Rest assured, if it's due, the cost of treatment will exceed your wealth. So one can plan to some extent but ultimately one is not in charge
@@hotelcalifornia715 Am a big time financial planner myself. But that cannot be comprehensive, no matter how much we try. So do retire, spend time in spiritual practice.
Sir, you always forget to include allocation or savings for funeral expenses. In India to perform funeral rituals it costs Rs 75000/- per day as demanded by Pandits. i.e total expense of 13x75k (Rs 10lakhs) plus additional 5 lakhs min for Death cert, Patta name change cert, electric bill name change and any other registrar or stamp paper and lawyer fees add to this. If it is like Covid pandemic time it gets lot worse. So please analyse the needs more and include the surprises one faces after death of family head. I the children are not well to do it will be suicide for the others to meet requirements.
I tried to message via watsapp , but unable to connect . Recently noticed two types of Baroda NRE FD scheme . BANK OF Baroda tiranga deposit NRE FD ROI is 7.25 and deposit period is 399 days normal NRE FD ROI is 6.75 and deposit period is 1 yr. WHY THEY GAVE TWO TYPES . Trianga is taxable for NRIs ?
Deaths happen at 3 zones , child hood ( infant /child mortality) adult mortality 30 to 45 ( recent phenomena ) by and large survivability sharply shoots up beyond 45 years of age . Finally senile mortality from approx 75 years and above ..
Great video, sir. Thanks a lot for all the insightful videos on your channel. All are must-learn topics for everyone. I wrote a will here in the US. But, the attorney here said no need to include any bank account details, India assets, etc. Is that a mistake? Do we also need two wills, one in India and one, wherever we stay (us for me)?
I viewed many retirement videos, but this video is very realistic and cleared all doubts. Very good explanation. Thank you sir.
Very Educative Videos especially for People just about retire. I am retiring in 2 months at the age of 62.
I invested 15 long years in learning Tabla (Musical Instrument) & now after retirement planning to take more students for teaching Music to them. Also will start going for professional concerts without restrictions. My passion also would be fulfilled apart from getting regular income from this.
Also I did deep study of share market in last 5 years & now I am able to get consistent returns of 16 to 18% CAGR from direct shares & now more confident of investing in share market independently . Now I have exposure of 50% in shares/MF-SWP, 50% in debt like Bank FD & Various Annuities as advised by you.
I am very grateful to you for such valuable advise which has given me more confidence. God bless you always.
After all these years and n number of finanicial advises on liquidity it appears that the old style of bank fd with compound interst is the best invesent
In western foreign countries always get advised to have a funeral expenses insurance after attaining Superannuation. The amount is 30k for a simple last rites which relieves the financial burden on Children.
Excellent inputs....for those who are in verge of retirement....
Simple explanation yet profound knowledge you have.
Also, try to clear all loans and liabilities before retirement.
Thanks for valuable guidance.
Great video. Thank you Sir for valuable hints. From Sri Lanka 🇱🇰
Dear Sir, you given a very good information. Thanks a lot.
Very informative. Well organized content.
Good presentation.People should not harass themselves in building the retirement corpus.Even after their retirement they can gradually accumulate money to enhancetheir retirement corpus .Perhaps, some insurance policies mature late and can add to the corpus. Safety, security and liquidity must be the watch words for their investments.
Great wisdom
Wonderful advice.
I really need help from you
Good Information and thank you Sir
Very nice presentation.
Very good vedio...very close to your suggestions I am
Well said
Awesome 👍
1. List of Assets with full identification numbers and locations: lockers, property documents, demat accounts, receivables pronotes and hand loans, partnership and LLPs in which partner, list of loans, guarantees, mortgages
2. List of Uptodate passwords and email accounts
3. Mandate on how and where to conduct last rites
4. Living will : instructions to near relatives on extent of medical treatments and artificial prolonging of life, contact details of medical experts , soft copies location where past medical records kept
Can you please make a video for IT professional retirement planning. Till 60 years surviving in the IT field is very difficult.
Possible with freq skill update and moving into multi functional roles. Why wait for 60..?
@@sivanbo No energy left boss. I have been updating from foxpro days 😂
One should have a corpus of minimum 25 times, the money he spent at 60th year of his life.
Sir, your knowledge and guidance to NRI's community had great help at large, i would like to make a kind request if possible , kindly share some information on HOW NRI CAN GET REFUND OF GST ( normally we get refund on airport while departure. As per my recent experience no vendor guide to their Clients even large companies. while European vendor always guide and issue proper documents to make your easy refund. Thanks
One thing everyone miss to tell.. as most of the indian retirees have FDs investment... kindly tell how they withdraw some ogf the interest portion and do their monthly expenses, while letting their investment to grow further.. you have touched that point, but if you could tell particularly about the FD investment interest withdrawls it will benefit most of the retired people. thanks
Goo enough to adopt...
Sir can you make video on 'minimum retirement plan' that shout work for most city's family. Also note that most people would be shining stars in later careers.
Some insurance companies offer Top up Mediclaim policies but Coverage starts once you exhaust a base cover from another Insurer. Are these good enough considering that they are cost effective, or is there any other underlying or grey area
AS PER YOUR PREVIOUS VIDEO & TODAY’s MESSAGE… I took all the points very seriously. Paid off every bills, mortgage, loans purchase my retirement home in Pune etc..& in May 2023 retired at the age of 71..& feeling happily retired… goodbye tension; welcome Pension… EXCEPT ONE ISSUE:
Couldn’t find the right person to create my will.. either they want monthly ‘rent’ to store my data ..or.. asking an unreasonable amount… BUT AT THIS AGE I MUST TAKE CARE OF ALL MY (NY & Indian) properties, banks, investment asset etc.. as 71 is a good number to complete my responsible circle
We have a simple solution for this . Contact us
I have medical insurance, will receive regular pension from government, some corpus from investments and retirement benefits. A house to live. Children are independent. Just to maintain cashflow.
Will. Deciding who will supervise the will is problematic.
I have a question for you if you dont mind. My wife got paid from the sale of flats which were were built on her father,s property by a promoter. Is this income taxable, if it is , what is the rate?
To look-after oneself during living is not enough. One has to look after their last journey is smooth and decent. There is also the post demise expenses every year "Sraddham" to be done.
Where is the end?. Once we die why should we bother about rituals?. Who can assure you that your dear ones will continue to do that ?. They possibly may not even believe in those rituals
We lived on this earth and we 19:47
Many Crores died before us and many many crores die after us.
Just chill.
Healthcare costs will shoot to thr skies in the future. No corpus of returenrnt funds will be enough.
Ultimately one will die.
So why worry
Dying suddenly in old age is not worrisome, but extended ill health with little or no money is more than mental, financial, physical suffering. It's easy to throw a philosophical statement, "everyone will die someday," than doing adequate financial planning.
Chandrakant Bhatt's videos bring that kind of awareness and knowledge to working people.
That was in response to your comments that prices can shoot up for treatment etc.
Rest assured, if it's due, the cost of treatment will exceed your wealth.
So one can plan to some extent but ultimately one is not in charge
@@hotelcalifornia715
Am a big time financial planner myself.
But that cannot be comprehensive, no matter how much we try.
So do retire, spend time in spiritual practice.
Live a simple and natural life
Sir, you always forget to include allocation or savings for funeral expenses. In India to perform funeral rituals it costs Rs 75000/- per day as demanded by Pandits. i.e total expense of 13x75k (Rs 10lakhs) plus additional 5 lakhs min for Death cert, Patta name change cert, electric bill name change and any other registrar or stamp paper and lawyer fees add to this. If it is like Covid pandemic time it gets lot worse. So please analyse the needs more and include the surprises one faces after death of family head. I the children are not well to do it will be suicide for the others to meet requirements.
I tried to message via watsapp , but unable to connect .
Recently noticed two types of Baroda NRE FD scheme .
BANK OF Baroda tiranga deposit NRE FD ROI is 7.25 and deposit period is 399 days
normal NRE FD ROI is 6.75 and deposit period is 1 yr.
WHY THEY GAVE TWO TYPES . Trianga is taxable for NRIs ?
Try 00971 50 1484595
Ninga Havyakara?
Sir 3 crores cash in bank or property of 3 crores or shares i dint get 3 crores formula can u explain
He said 3 crs of liquid assets .. so not property
@@srashsrash1 thanks bro got it
liked
99% of people cross 45 so 99% of people will live till 80-85?
Check the statistics for yourself to know the answer .. longevity is rising by the day
@@NRIMoneyClinic Well it is common knowledge that all are living longer' so is the number 45 relevant.?. Thats the point:)
Deaths happen at 3 zones , child hood ( infant /child mortality) adult mortality 30 to 45 ( recent phenomena ) by and large survivability sharply shoots up beyond 45 years of age . Finally senile mortality from approx 75 years and above ..
@@NRIMoneyClinic
Haven't seen it.
People can die at any age
Great video, sir. Thanks a lot for all the insightful videos on your channel. All are must-learn topics for everyone. I wrote a will here in the US. But, the attorney here said no need to include any bank account details, India assets, etc. Is that a mistake?
Do we also need two wills, one in India and one, wherever we stay (us for me)?