Can you please help me with investment decision ?
Age : 33
Monthly take home after tax and PF deduction : 185000
Monthly expense : 40000
Money in PF account : 4 Lakhs
Bought a flat, housing loan closed , current value : 1.25 Cr
Inheriting house from my father (Will be shared between myself and brother) : 1Cr+
Current savings : 4 Lakhs
Taken three endowment LIC policies,
total value : 12 lakhs, yearly premium 62000
Health insurance covered by employer : 4 Lakhs coverage.
Planning to buy life insurance
No loan pending
I have one daughter aged 3, planning to have one more kid in future.
I am planning to buy a flat in chennai, so I can use it for tax savings. Budget around 50 – 70 Lakhs.
I may sell this in future and use the principal to buy flat more than 1.5 cr and use it after retirement.
1. If I want to buy flat next year, I have to generate prinicipal sum for down payment (around 12 to 20 lakhs).
What is the best place to park money to earn maximum interest until next year ?
2. I want to meet financial needs in future. Daughter education, marriage, retirement planning ?
Please help me where to invest to gain maximum benefit.
Thanks for sharing. But whole financial planning will not be possible on such platforms.
Thank you. Can you please share inputs on what is the best financial instrument when it comes to short term savings? I am planning to build 12 to 20 lakhs corpus within next year to buy house.