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Retirement planning: How and where to invest if you want to retire at 50

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ET CONTRIBUTORSLast Updated: Aug 26, 2024, 06:30:00 AM IST

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Synopsis

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

PORTFOLIO DOCTOR
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

Saurabh Agarwal is investing for his daughter’s goals and retirement. Here’s what the doctor says.

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PORTFOLIO CHECK-UP

Has been investing in equity funds for 7-8 years. Also invests in stocks directly.
Regular investing and aggressive choices have helped build a sizeable corpus.
Early retirement at 50 is possible with minor increase in SIPs.
Portfolio is equityheavy. Need to invest in fixed-income options for stability.
Open a Sukanya Samriddhi Yojana account to save for daughter’s education. It’s rate of interest is higher than the PPF and corpus is tax-free.
Portfolio has a midcap and small-cap skew. Be ready for volatility.
Keep emergency corpus in an arbitrage fund or debt scheme to retain liquidity and avoid annual tax outgo on interest income.

Note from the doctor

Open NPS account to build retirement corpus and save tax.
In NPS, opt for a balanced allocation to equity and debt funds.
Buy life insurance worth at least Rs.2 crore to safeguard goals.
Review investments and rebalance portfolio at least once in a year.
Reduce risk when goal is near so that you don’t miss the target.

WRITE TO US FOR HELP
If you want your portfolio examined, write to etwealth@timesgroup.com with 'Portfolio Doctor' as the subject. Mention the following information:

Names of the funds you hold.
Current value of the investment.
If you have SIPs running in any of them.
The financial goals for which you invested.
How much you need for each financial goal.
How far away is each goal

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)