I think the financial planner need to clarify in more detail what monthly expence includes and what does post retirment consist of. The advice is casual in nature as it does not factor increase in disposable income. I have observed that time and again he quite forcefully proposes investment in equity MF .It seems he he oversold with the idea of eqity as a asset class. If he goes on propogating equity he may end up losing his credibility in the long run specially when the market enteres a bear phase.
I think that anjali does not have much knowledge about equity market and equity mutual funds. Though her father has burnt the hands once, it doesn't mean that it is always risky. yes it is risky in the short term but if you invest for long term and systematically and through professional hands like equity mutual funds, you can definately create the wealth. So i personally feel that they should consult the professional advisors like NJ Fundz Partners to know more about equity mutual funds.
