I am 45 years old and have not invested before. How do I start now?
This post shows how investors who are new to goal-based investing can get started near the mid-point of their careers.
This post shows how investors who are new to goal-based investing can get started near the mid-point of their careers.
There are many reasons why investors get started late with goal-based investing. It could be due to lack of knowledge, lack of planning or lack of time. As per our post on life-stage investing, at this point, there would be some assets created. We will use this asset base to start investing.
Let us say that the retirement expense figure and related assumptions are
Using the online Goal-based Investing calculator with these assumptions leads to
Goal | SIP | Equity SIP | Debt SIP | Equity Lump sum | Debt Lump sum | Lump sum |
---|---|---|---|---|---|---|
Retirement | 1,35,020 | 79,604 | 55,416 | 80.19 | 54.81 | 135.00 |
UG College | 57,388 | 15,265 | 42,123 | 1.08 | 2.92 | 4.00 |
Marriage | 0 | 0 | 0 | 12.60 | 8.40 | 21.00 |
Total | 1,92,408 | 94,869 | 97,539 | 93.87 | 66.13 | 160.00 |
Goal | SIP | Equity SIP | Debt SIP | Equity Lump sum | Debt Lump sum | Lump sum |
---|---|---|---|---|---|---|
Retirement | 1,35,020 | 79,604 | 55,131 | 80.00 | 61.00 | 141.00 |
UG College | 14,980 | 14,980 | 0 | 0.00 | 0.00 | 0.00 |
Marriage | 0 | 0 | 0 | 0.00 | 19.00 | 19.00 |
Total | 1,50,000 | 94,869 | 55,131 | 80.00 | 80.00 | 160.00 |
Notes:
Please refer to this post for a more extended discussion of goal-prioritization: retirement vs childrenās goals.
At all times, ensure that you have the following in place
We have not discussed what to do with the other significant investments, which would be real estate. These would be:
Use the online Goal-based Investing calculator and check if it makes sense to hold on to the real estate asset or not. The calculator will take the post-tax sale proceeds value in the lump sum field.
Once you start investing,
Further reading:
This article shows how a single-income middle aged couple with two small children reach their retirement and childrenās goals.
This article shows how a double-income couple with a 2-year old reach their FIRE dream at the age of 50.
This article shows how a double-income couple with a newborn child can invest for their future goals of FIRE and real-estate investment.
This article shows how a young just-married couple can invest for future goals using the Arthgyaan goal-based investing tool.
Did you welcome a bundle of joy in your 40s? This article will discuss ways of planning the childās (and yourās financial future)
This article shows how a very typical salaried couple with one child can invest for future goals using the Arthgyaan goal-based investing tool.
This post shows a way to estimate the final corpus for a SIP
Published: 2 September 2021
7 MIN READ
This post deals with a situation where a middle aged salaried employee is forced to retire due to changing workplace situations.
Published: 6 September 2021
5 MIN READ
This article shows a handy ready reckoner for home loan EMI amounts for all tenures and interest rates along with the amount of principal and interest to be paid.
Published: 29 September 2023
1 MIN READ
A quick retirement calculation for a reader query who has a good amount of corpus already saved for retirement.
Published: 27 September 2023
7 MIN READ
1. Email me with any questions.
2. Use our goal-based investing template to prepare a financial plan for yourselfDon't forget to share this article on WhatsApp or Twitter or post this to Facebook.
Discuss this post with us via Facebook or get regular bite-sized updates on Twitter.
More posts...Disclaimer: Content on this site is for educational purpose only and is not financial advice. Nothing on this site should be construed as an offer or recommendation to buy/sell any financial product or service. Please consult a registered investment advisor before making any investments.
This post titled I am 45 years old and have not invested before. How do I start now? first appeared on 03 Sep 2021 at https://arthgyaan.com