My father is about to retire, he is government employee. He will get around 70 lakhs as retirement corpus.
Some of the critical information is:
He would receive monthly pension since he is a govt. employee
He has health insurance or alternative options for health care
He already own a house he live in and hence no rental cost or EMIs
Kids are already married and settled, hence no dependency.
How and where should we invest money? As we are from small city, Gorakhpur Uttarpradesh, suggest best possible options
If the current money is just for future estate creation, then he has to do asset allocation between debt and equity and accordingly invest.
Sir please guide us properly. Actually I have very little knowledge about investment and that is the reason i asked this question on this forum as I started following your blog for fews days and found it very useful. We need some extra money every month as pension is not very much. Basically we want money to grow as well as get safely good return.