Blog about Financial Education, Advisory & Planning
My father became a senior citizen a few year back & I was looking for the best place to park his money where he would get a regular income. Senior citizen savings scheme (SCSS) is the simplest investment vehicle among all options available for retirees. Given the benefits it offers, retirees should first put in …
Banks have laid down strict norms for operating a savings account. While it is good that there such restrictions, sometimes these turn out to rather painful and rigid. For example in case of an accident or some critical illness it may become impossible for your family members to access your bank account for your treatment. …
Can your family members access your bank account during a crisis? Read More »
Gratuity is the payment made by an employer to an employee, paid in the event of superannuation, retirement, resignation or death. The act is applicable where 10 or more persons are employed. To be a beneficiary, one needs to be in continuous service of not less than 5 years. Some years back, the Supreme Court …
Is your retirement round the corner? How to allocate your money among various assets to generate a decent return maintain a healthy lifestyle as long as you are alive. As a thumb rule, retirees should have an asset allocation which is based on their needs and not age. The person should have some equity allocation …
‘Balanced funds’ fall in the hybrid category of mutual funds and invest more than 65% of the corpus into equities, while the rest is allocated among fixed income instruments. Older retired investors are considering investing into such equity focused funds. They seem to be pretty impressed with the monthly dividends being generated by balanced mutual …
Balanced funds for monthly dividends- Temporarily Regular… Read More »
What is Capital? Capital is our hard-earned money which we save over the years. The next question thus is Why do we save? We save to meet our needs or goals in the future, or perhaps for contingency. Thus we invest the money we have with us instead of spending it, and wait for consumption for …
Most of us want to retire early but hardly do we plan for a better retirement when we are working. To add to that some ill-planned money moves can also ruin the dream of early retirement. Some steps we should take to retire early: Start investing early Ideally, one should start planning his retirement immediately …
One of the initial investment decisions that one has to make is what proportion of assets to invest in equities & what proportion in debt. One of the basic thumb rules used over the years to decide on equity allocation is the 100 minus age allocation. The risk taking capacity of a person is maximum …
Your provident fund dues is likely to be processed within 5 days if you apply online and have your Aadhar number connected with the Employees’ Provident Fund Organization (EPFO). Employer’s intervention in the process of claims has been done away with in the process of online submission of claims for availing PF withdrawal benefits (Form-19), …
Apply online with Aadhar-Get provident fund dues in 5 days Read More »
Timing the market is the most difficult thing to do as no one can really say when the market is bottoming out or hitting the top. Thus the best way to put your money into mutual funds would be in a staggered manner through systematic investment plan (SIP) or through systematic transfer plan (STP) after …
Using SIP & STP for investing & SWP while redeeming… Read More »