Investment planning for generating safe and Secured Monthly Income

Total receipt of retirement benefits (PF, Gratuity, Leave encashment, 1/3 encashment of pension etc.) Investment Recommended 1. Sr. Citizen Saving Scheme ( SBI & Post Office) 9% interest (Paid qtrly) 5 years +. Jt. A/c. with spouse. 2. Monthly Income Scheme in Post Office (JtA/c. Rs. 9 Lakhs. 8% interest, 5% Bonus on maturity. 3. Can have two jt. account of MIS in P.O. (Father & Son, Mother & daughter). 4 Co. Pension scheme. And/or interest from addl. Fund . available. 5 EPS 1995 Pensions. 6. Misc. income from: PPF, NSC, Fixed Deposits, Dividends, Fixed Medical payment (OPD) by Co. Total monthly income Middle Level Approx. Rs.30 Lakhs Monthly Return 11,250.00 6,000.00 7,500.00 1,250.00 4,000.00 30,000.00 Senior Level Approx. Rs. 45 Lakhs Monthly Return 11,250.00 6,000.00 6,000.00 12,000.00 1,750.00 8,000.00 45,000.00

Notes:
1. Total monthly income will differ from person to person. 2. Sr. level persons can keep surplus fund in FD for sometime and after wife becomes 60 years, another upto 15 lakhs can be kept in her name also. 3. Should have PPF account in the name of all members of the family. (Should have PAN for all family members). 4. The above monthly income does not include any rental income, in case you have any. It also does not include the REVERSE MORTGAGE 5. The above monthly income also does not include any income from Job (Second Career) / consultancy/Business etc., in case you decide to go for it. 6. Some money (about 10%) can be invested in Shares/Mutual Fund, to get the benefit of share market. This is optional and not compulsory. Depends upon your knowledge of share market.

Special Note
With a House & Vehicle already in your possession, and the type of Medical help by the Co., you will find the above monthly Income more than enough to lead an absolutely happy life (Second inning). And mind you, while you generate the above monthly income, your actual Capital is in tact 9totally untouched), which can ultimately go to your nominees/near and dear (as per your WILL)