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Want to retire my parents with 50L investment with a systematic withdrawal plan
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Hey all, I want to retire my parents (58 & 56). I am looking to net them 30k monthly income for their personal expense so they do not feel guilty of asking money from their kids.
I am thinking of a SWP with a conservative rate of 6.5% for the next 30 years.
I have saved 50L to invest for them.
I used the calculator on Groww.in
But I need recommendations on which Mutual Funds should I invest in. and is my calculations valid?
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