It is good that you want to assist your parents in their money decisions. At the same time, you need to be cautious while handling their investments. What if the investments go wrong? You may say that even if these investments were to go wrong, you will be around to take care of them. Yes, that’s your duty. However, your parents may not want to depend on you financially. In … [Read more...] about Your Parents’ Retirement Corpus is not your Investment Project
financial planning for retirement
I advise investors of all age groups. Many middle-aged investors are concerned about whether they are too late in starting investments. Even though it is better to start early, it is never too late. They will just need to make up for the missed period by investing more. Not as easy as it sounds. They can, of course, make up by targeting higher returns but that’s … [Read more...] about The Choice between Starting Early and Investing more
Avoiding bad financial decisions is as important as making good ones, but what influences you to make such good or bad financial decisions? Your decisions are a reflection of your financial habits i.e. a reflection of who you are as an investor and as a person. In this post, we will look at 5 financial habits that you can affect your financial lives adversely. #1 Think more and … [Read more...] about 5 Financial Habits that can ruin your Financial Life
Who does not want to retire early? No bosses to report to. No need to slog or worry about Monday blues. Sounds interesting, doesn’t it? By the way, an early retirement does not mean that you will simply sit around and do nothing. It is about the freedom to do what you want to do without affecting the lifestyle you desire. That may mean no work or engaging in something … [Read more...] about Planning to Retire early? A few things to keep in mind
Investors have different levels of risk tolerance. Some don’t bat an eyelid even if their portfolio nosedives by 25-30% while others worry even if their portfolio is down just half a percent. The first set of investors is likely made up of experienced investors while the second category of investors has a low level of risk tolerance. How should such investors with low risk … [Read more...] about How to invest if you have a low risk appetite?
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 limit the discussion to investments. Financial Planning for Retirement (Accumulation Phase) During this phase, you are trying to accumulating funds for retirement. Quite clearly, … [Read more...] about Financial Planning For Retirement vs. Financial Planning During Retirement
During our working life, we get used to receiving salary credit in our bank accounts. After retirement, this routine can come to an abrupt halt. Many government employees who have been contributing to their Defined Benefit Pension plan can still heave a sigh of relief. For others, they need to figure out a way to stick to the routine. It is not that you cannot do without … [Read more...] about Tax Treatment of Pension Plans from Insurance Companies