PFRDA increased the maximum age of joining under National Pension System from 60 to 65 years. Here is the link to the circular. The joining age has been increased for All Citizens model (including … [Read More...] about If you are a Senior Citizen, should you invest in NPS?
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Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in May, 2017 to provide a long-term income option for senior citizens in the country. This assumes importance in the wake of low interest rate … [Read More...] about All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Senior citizens are soft-targets for mis-selling. Why? First, they may not be comfortable researching the financial products or may not have requisite skill/ resources to understand the product … [Read More...] about 5 reasons why Senior Citizens should avoid Life Insurance Products
If you purchase a product that provides poor/inadequate returns, you will get poor returns. If you purchase two of those products, you will still get poor returns. Or is there a chance that you can … [Read More...] about Stay away from LIC Retire and Enjoy and other bundled products
SEBI had initiated categorization and rationalization of mutual fund schemes vide its circular dated October 6, 2017. SEBI specified a few fund categories and mandated each fund house could have just … [Read More...] about Different Types of Debt Mutual Funds (SEBI Categorization Rules)
When you are planning to ringfence your assets/finances from adverse events, the two most common insurances that come to mind are Life Insurance and Health Insurance. Life Insurance provides … [Read More...] about Disability Insurance: Missing piece in your Financial Planning
There is a BIG difference between financial planning for retirement (accumulation phase) and financial planning during retirement (decumulation phase). Let’s look at what I mean. In this post, I will … [Read More...] about Financial Planning For Retirement vs. Financial Planning During Retirement
Are you looking for a financial planner or financial adviser? Who would you go to? There is no dearth of choices. Let’s look at some of the common financial advisers/ planners/agents you may … [Read More...] about What is better for you: A Fee-only Financial planner or a Fee-based planner?
You are aware of the health benefits of health insurance. But, are you aware of the tax benefits of health insurance? Do you know that you can claim tax benefit for payment for preventive health … [Read More...] about Health Insurance Tax Benefits under Section 80D (From FY2019)
You are frustrated about your bank not passing interest rate cuts to you. You are not alone. They are many borrowers like you. Even the Reserve Bank regularly expresses its displeasure since monetary … [Read More...] about A home loan that is truly floating