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
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
Many investors purchase pension plans so that they continue to receive monthly income even once their regular salary stops after retirement. Which pension plans do you choose? In this post, let’s look at a popular pension plan from SBI Life, SBI Life Saral Pension Plan. SBI Life Saral Pension Plan: Important Points A Participating, Non-Linked, Traditional Pension … [Read more...] about Review: SBI Life Saral Pension Plan
You are still young and want to start saving for your retirement. You want to ensure that you get a regular income after retirement. For this reason, you want to invest in a pension plan. Which pension plan do you pick up? There is NPS (National Pension Scheme) and there are several pension plans from the insurance companies. Which one would you pick? In a pension … [Read more...] about NPS vs Pension Plans from Insurance Companies: Which is better?
Many of us dislike annuity plans. The rates are low and the income is taxable. You lose flexibility with the money. The income is not inflation-adjusted. So many problems. Still, annuities can add a lot of value of retirement portfolio if purchased at the right age. In this post, let’s try to understand this with the help of examples. We will start with a brief introduction … [Read more...] about Retirement Planning: Staggering Annuity Purchases can Increase Income and Reduce Risk
NPS vs PPF is not an easy question to answer, but why should you face such a question? Because no one has an unlimited amount of money to invest. Therefore, when we must make an investment choice, "This or That" or "X vs Y" or "Which is better" questions invariably pop up. Whether we talk about tax-saving or retirement or creating wealth, you will face such dilemmas. … [Read more...] about NPS vs PPF: Which is better?
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
When we plan for a goal, we assume a rate of return on investments for the goal and plan investments accordingly. Picking up the long-term average return is a rational choice. Long term averages are fine (even though long term averages can also change). However, the sequence of returns matters too. For the same level of long-term return, the actual output can be very … [Read more...] about How the Sequence of returns risk affects your Financial Planning?
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?