Rajesh worked in a private company and at the age of 60, retired from his job and was earning 51000 rupees per month during his retirement. However as of March 1, barring income tax, he has an amount of 1.22 crores saved. Wanna know how? Read further.   

       


Sunil had been going to job since 23 years of age and at the age of 46 he invested an amount of 5.6 lakhs in various fixed deposits, mutual funds, worth a minimal of 8% interest rate and he was doing this continuously for 15 years. 8% interest would give him 1.32 lakhs interest and a total of 5.6+1.32 would mean 6.92 lakhs and he kept investing and at the end of 60 years he had reached 1.22 crores.

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Now under systematic withdrawal plan SWP he has invested in mutual funds such a way that every month he'll be receiving 51000 rupees per month in his account and thus with such perfect planning he can buy properties or lead his retirement life independent till 80-90 years of age.

 


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