Have you been planning for your children’s education? Of course, you have been investing in equity mutual funds for their education. If you fall short, you wouldn’t think twice before dipping into your retirement corpus. After all, there is no compromise when it comes to your children’s education. However, before you start planning, you need an estimate about how much the … [Read more...] about Review: BigDecisions Education Cost Planning Calculator
Real estate is one of the most important investment destinations for many of us. And when it comes to investment in real estate (and not for self-use), most investors prefer under-construction properties. Under-construction properties are cheaper than completed properties and offer greater scope for capital appreciation. However, investment in an under-construction property … [Read more...] about Review: BigDecisions Under-Construction Property Calculator
The Finance Minister dropped a bomb on many in the salaried class by announcing tax on withdrawal of EPF (Employee Provident Fund) corpus at the time of retirement. There has been a lot of protest against this move by the Government. The Finance Ministry had to issue a clarification to assuage concerns of many investors. The Finance Minister has confirmed that the proposal of … [Read more...] about EPF Calculator: Impact of Budget Announcement
Most of us keep delaying planning for our requirement. Thinking that our retirement is quite far away, we put the retirement planning on the back burner. We keep our focus on the near term goals. We need to keep in mind that, given the nature of goal, adequate retirement corpus will probably be the biggest financial goal in terms of amount. As with other investment goals, the … [Read more...] about How much do you need for retirement?
While purchasing life insurance, we merely stick to an impressive round number say Rs 50 lacs or Rs 1 crore. One of my friends has 5 insurance policies with combined life cover of Rs 50 lacs and has an outstanding home loan of Rs 55 lacs. It is easy to see that he is underinsured. Have you ever tried to calculate your life insurance requirements? You may fall in the same … [Read more...] about How much Life Insurance do you need?