Asset Allocation for Married & have kid ►►► Age above 60 yrs

At this stage in your life you are in the verge of retirement and your children are well settled. You just need to enjoy your retirement. Your asset should be allocated as follows : 

► You have probably fulfilled all your major responsibilities. You can go in for accumulation of property for your children by investing your money to the extent of 40%. If you think this is too much, then you can think of keeping a lesser amount in property for your children. It can be 30% or 25% then.

► You don’t need to have more than 20% of your money in savings accounts.

► Keep 20% in fixed interest bearing securities like debentures and bonds. If you have put 30% in property for your children then consider putting 30% in debentures and bonds too. And if you have put 25% in property for your children then consider putting 35% in debentures and bonds.

► Keep a small amount of money nearly 15% in equity.

► Keep 5% in Gold too.