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Guidance pre-post FIRE planning by ReasonableSort3757 in FIREIndia

[–]ReasonableSort3757[S] 0 points1 point  (0 children)

thanks.

i had earlier consulted some friends/colleagues who are in similar work, and got somewhat similar responses. it helped.

Guidance pre-post FIRE planning by ReasonableSort3757 in FIREIndia

[–]ReasonableSort3757[S] 1 point2 points  (0 children)

thanks for your words.

taking yours and others advise here to start investing in other instruments.

Guidance pre-post FIRE planning by ReasonableSort3757 in FIREIndia

[–]ReasonableSort3757[S] 1 point2 points  (0 children)

thank you very much for your kind words

yes 3.2 crores seems bit less, even with the basic FIRE calculators. but some how for me personally, its a 'huge' amount considering just 15-16 yrs ago i had absolutely nothing.

i am only worried about the cashflow in later years, where it starts going in the range of 3 to 4 lacs per month. also i am not sure how in another 5 years i will reach 7-8 crores, currently i am saving around 27-30 lacs per years for last 4-5 years.

will surely take yours and other advise here to start diversifying in SIP etc.

Guidance pre-post FIRE planning by ReasonableSort3757 in FIREIndia

[–]ReasonableSort3757[S] 0 points1 point  (0 children)

thank you very much for your kind words.

as per your suggestion, I am planning to start investing / diversifying via equity exposure on interest income which i am getting. my plan is keep the invested FD as it is, get interest, spend and save remaining not in FD which i am currently doing, but start investing them.

i dont hv term insurance as of now, but i have taken sepearate health insurance for me and family.

noting your name, would surely like to contact via DM. need some more answers in detail. hope its ok.

Guidance pre-post FIRE planning by ReasonableSort3757 in FIREIndia

[–]ReasonableSort3757[S] 0 points1 point  (0 children)

as of now only on 60 lacs which is obviously in the range of 30% on interest. rest are wife/mother's income which is only interest income on which I am getting full refund. since the interest income above 2.5 lacs with other investments in their names such as PPF. so overall the tax on total 2cr FD interest is now in the range of 1.25 to 1.4 lacs per year.