Anushka Rathod Instagram – Want to retire your parents?
Then check out the whole reel to know how to invest for them!!
This is Day 3 of 10 Smart tips for your Mehnat ki Kamai!!
Follow along as reel will be on which investments you must avoid
Things to keep in mind while doing this-
1. Keep a separate emergency fund to cover unexpected expenses.
2. Rate of withdrawal should be less than rate at return, ideally your withdrawal should be 5-7% not more than that. Hence, fixed your monthly withdrawal amount accordingly.
3. You shouldn’t initiate the SWP immediately after the initial investment. Let your investment grow for at least 3 years before starting withdrawals. This way, the SWP won’t reduce your initial capital too quickly.
4. Equity savings funds and balanced advantage funds are subject to equity taxation, while conservative debt funds are taxed as per your tax slab.
If you have any doubts on SWP or Parents retirement, then let me know in the comments!!
Disclaimer: This video is for education purpose only and should not be a replacement for professional investment advice.
[Anushka Rathod, finance, parents, retirement, investments]
#anushkarathod #finance #parents #retirement #investment | Posted on 08/Jun/2024 20:00:10
