HOW A 33-YEAR-OLD SHOULD INVEST?

FIRST, let’s outline your financial goals based on your query: funding education for two children (ages 8 and 4 with higher education needs in 18 years) and building a retirement corpus by age 60 (27 years away).

- PV SUBRAMANYAM

In the Indian context, inflation for education is typically 8-10% annually, while general inflation hovers around 6%. You'll need to factor in your current income, expenses, risk tolerance, and any existing savings

Estimate Your Needs

To plan effectively, calculate rough targets using current averages and inflation-adjusted projections: Children’s Education: Higher education in India can cost ₹15-30 lakh per child today for a good private institution, plus living expenses. Factoring 8% inflation over 15 years, you might need ₹50-80 lakhs per child (or ₹1-1.6 crore total for two). If studying abroad, double that.

Retirement: