Poonawalla fincorps
Poonawalla fincorps

Investment Plan after Retirement

This query is : Resolved 
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(Querist)
03 January 2022 I shall be thankful if somebody can reply to this a bit quickly.

I shall be retiring on 31 January, 2022.

On retirement, I shall be getting Rs. 70 Lakh (all inclusive)

My present savings and / or investments : NIL

I shall be retained by my organisation for one year at a lumpsum remuneration of Rs. 45,000/- per month.

My total monthly expenses is Rs. 1,40,000/-.

Where and how should I invest Rs. 70 Lakh to earn a monthly return of Rs. 1,40,000/- to cover my expenses for at least the next 5 years ?

Best regards.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 January 2022 It's not possible to earn a monthly return of 1.40 from 70 lacs from safe investment.

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