Reader's Corner: How to plan savings for retirement a decade before it?

You should shift your portfolio entirely to fixed-income instruments

I am 50 years old. I have not saved enough for my retirement. I have invested in a house, which is now worth Rs 1.5 crore. My son wants to go abroad to do a course that would cost us anywhere between Rs 40 lakh and Rs 65 lakh. I plan to sell the house. But I am also worried about my retirement. I will end up with Rs 60-65 lakh after paying for my son’s tuition fee and capital gains tax. How should I utilise this money to save for my retirement in nine years?

With the money that you