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You are here: Experts > Business > Finance > Personal Investment & Financial Planning Q`s > Retirement & Education planning
Expert: John D Smith, CFP - 10/25/2009
Question
Hi John,
We are an Indian couple(33 and 30ys old)working n living in UAE.I will give u a background of our finances
1.We have our own home in India.
2.Two rental homes in India which takes care of my In-laws who are more or less dependent on us.(they have life an medical insurance)
3.Our collective income is b/w $7000-$9000 per month.
4.I have a 2 yr daughter and we plan one more child.
5.our first family has medical insurance,from the employers, but none of us has a life insurance.
6.Roughly half the income is spent in rents n house expenses.
my questions are:
1.We want to start investing for our old age so that we have a regular income even if we do not work after say 60 yrs of age.
2.We also want to invest for our children's education abroad.
3.We are particularly keen on investment in India but are open to others as well.
4.The fixed deposit rate in India is around 7-8%p.a do u think we can park our retirement n education funds there on yearly basis?
How should we plan our investment?
In case u cannot answer my question, being relate dto India, pls suggest some good websites which can help.
Thanx
Anou V Vohra
Answer
Hi. Since you live in India, these questions are outside of my area of expertise. In regards to a website or other resource, I am not familiar with any that will have meaningful information specific to India. Sorry I could not be of further assistance.
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