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 …
As a smart borrower make sure you are taking the loan for the right reasons. Don’t borrow just because the interest rate is attractive or you can claim tax benefits. Here are a few basic rules to keep in mind: Take on an EMI only if you can afford it: A smart borrower will never …
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 …
The Employees’ Provident Fund Organization (EPFO) recently relaxed its norms to allow subscribers to withdraw up to 90% of the total accumulated corpus for purchase of a home. But we must remember that EPF is long-term savings for retirement and it is not advisable to dig into the retirement funds unless and until there is …
EPF withdrawal for home purchase – Avoid if possible Read More »
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 …
In my previous article I had discussed how to use our retirement corpus. Now we also need to understand, as young professionals how to build up the retirement fund. The 2 basic rules to follow would be: 1. The earlier you start the better as you have more time to save money. 2. Have the …
Retirement planning – Invest early, invest wisely Read More »
You may think that Rs.50 lakh or Rs.1 crore is enough to retire on today, but the question is with the continuous price rise, will it be enough for 25 or 30 years? If your retirement is still 20-25 years away you need to plan all the more carefully as even 50 lakhs may be …
How much should one invest for a comfortable retirement today? Read More »