For investors nearing retirement, deciding where to deploy a large cash surplus can be challenging. The investment strategy needs to balance long-term wealth creation with the need to protect money earmarked for retirement and other financial goals. This becomes even more important when the investor has children’s education expenses and plans to retire within the next few years.
A 51-year-old investor, who has an aggressive risk profile, reached out to ETMutualFunds as he is currently looking to deploy Rs 1.31 crore in cash. He plans to continue working for another four to seven years before retiring from the corporate world and potentially starting a small restaurant. He wants to maintain at least 50% allocation to equity while also ensuring that his family’s financial goals remain on track.
