The biggest financial risk during retirement is that you may outlive your retirement corpus. You may have planned really well and planned for the corpus to last till the age of 90 but you are fit for another 10 years by the time you turn 90. What do you do then? How will you provide for your basic expenses? Is there a way you can do away with this longevity … [Read more...] about Retirement Planning: When to purchase an Annuity plan?
Investing in Government Securities has become simpler. The Reserve Bank of India had notified, in November 2017, that stock exchanges can act as aggregators for retail investor and thus facilitate bidding for Government securities at RBI auctions. Discount broker Zerodha and NSE came out with the online facility to purchase Government bonds recently (late 2018). In this post, … [Read more...] about You can now invest online in Government Bonds easily. Should you?
Every few months, we see Non-convertible debenture (NCD) issues from various companies. As on date (September 7, 2019), the NCD issues from Tata Housing, Aadhar Housing Finance and IndiaBulls Commercial Credit are live. Should you invest in such NCDs? Well, in this post, I will not review any particular issue of NCD. I will focus the benefits and risks involved in investing … [Read more...] about Should you invest in Non-Convertible Debentures (NCDs)?
LIC Jeevan Akshay VI is one of the most popular plans from LIC. In fact, it is one of the very few plans from LIC that I do not dislike. LIC Jeevan Akshay VI is an immediate annuity plan. You pay a lump sum amount once and the insurance company pays you a pension for life. It does not matter how long you live. The insurance company will pay you the pension for life. Not just … [Read more...] about LIC Jeevan Akshay VI: All you need to know (Review)
Senior Citizens or retired personnel face many constraints that people in their 20s and 30s can’t even imagine. They have no salary to bank upon. They have to rely on their savings and pension to meet their monthly expenses. There is little ability to recover from an unplanned major expense. Advances in healthcare have ensured that the retirements are longer. Your pension may … [Read more...] about All you need to know about Reverse Mortgage Loan Scheme
Sukanya Samriddhi Scheme or Sukanya Samriddhi Yojana (SSY) was notified in December 2014. The scheme is part of the Beti Bachao, Beti Padhao Scheme The scheme offers attractive guaranteed interest rates. The Government sweetened the deal by making Sukanya Samriddhi Account part of Exempt-Exempt-Exempt (EEE) tax regime. The motive of the scheme is to encourage the savings in … [Read more...] about Sukanya Samriddhi Yojana Account Rules: Complete Information
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 transmission is affected if the bank don’t pass the rate cuts swiftly to the borrowers. The Reserve Bank tried to bring many measures to hasten the transmission and bring relief … [Read more...] about A home loan that is truly floating
LIC has recently launched a new moneyback plan: LIC Bima Shree (Plan 848). The plan is quite similar to LIC Jeevan Shiromani, that was launched a few months back. There are only a few differences (or those that I could see). LIC Jeevan Shiromani has an inbuilt critical illness plan. LIC Bima Shree does not have it. With LIC Bima Shree, you can purchase critical illness … [Read more...] about LIC Bima Shree (Plan no. 848): Middle class’s LIC Jeevan Shiromani
Have you shifted your NPS PoP to eNPS? We know that shift to eNPS helps reduce the cost of investment by a small margin. However, once you have shifted to eNPS, you may face a problem in updating details in your NPS account. After all, now, you don't have a physical PoP. If you have to submit a form or document, you can't do it visiting a bank branch (PoP). As I … [Read more...] about How to update information in your NPS account through eNPS portal?
Many investors look towards Small Savings Schemes not just as tax-saving options but also as reliable means of investment. However, you do not always earn a constant rate of return on these investments. The interest rate keeps fluctuating. Interest rates for the small savings schemes get revised every quarter i.e. the Ministry of Finance notifies these rates every quarter of … [Read more...] about Latest PPF, Sukanya Samriddhi, SCSS, Small Savings Scheme Interest Rate (January-March 2018)