How to effectively diversify the retirement corpus?

How can I effectively plan my father’s retirement, considering he is 57 years old and approaching retirement after a dedicated career?My parents own land valued at ₹2.5 crore (which they plan to sell), two properties worth about ₹90 lakh, an LIC policy with an expected maturity value of ₹35 lakh, mutual fund investments amounting to ₹12…

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