According to a recent study, retirement planning has emerged as the top priority for Indian women who invest in mutual funds. The study also revealed that women are more proactive when it comes to saving for their retirement as compared to men. The study conducted by a leading mutual fund house found that nearly 70% …
Retirement Planning: A Top Priority for Indian Women Read More »
2023 Guide to Financial Planning for Senior Citizens in India: Invest Smartly and Maximize Your Returns! As India’s population continues to age, financial planning has become an increasingly important aspect of senior citizens’ lives. With rising costs of healthcare, housing, and other expenses, it is crucial for senior citizens to be financially secure to maintain …
At the time they leave their place of employment, employees are entitled to lump sum payments from EPFO. Under the EPF program, employees contribute a portion of their monthly salaries. It is a great platform for saving the portion of your pay that will come in handy in case of an emergency. The EPFO is …
Employees’ Provident Fund (EPF): All About EPF Plan! Read More »
The Public Provident Fund (PPF) program was introduced in India for the first time in 1968. The scheme’s main objective is to encourage modest savings among people and to provide returns on those savings. Interest rate returns aren’t taxed when they are generated. PPF accounts-definition Public Provident Fund (PPF) schemes are long-term investment options that …
(PPF) Public Provident Fund Account: Interest, Features & Benefits Read More »
A savings program designed for older citizens over 60s in India is usually called the Senior Citizens Savings Scheme (SCSS). It offers a steady income stream with the highest level of safety and tax advantages. SCSS offers a sovereign guarantee since it is backed by the government. Investing in this plan is a smart financial …
(SCSS) Senior Citizens Savings Scheme: Tax Benefit & Features Read More »
There are a lot of activities that form a part of the retirement planning process. It is essential that some of the practical tips and guidelines be followed so that a person is able to get the best out of the situation. Here is a practical checklist that one should follow and one should remember …
Not all of your income will be yours even after your retirement. The tax element comes into play. This will reduce the amount that an individual has in their hands. One needs a careful estimation as well as proper knowledge to tell when and how the retirement amount will be taxed and the kind of …
Managing Funds After RetirementThe key area of retirement planning is to have an adequate level of planning in such a way that there is the required amount of funds available at the time of retirement. This is the primary aim of retirement planning but the issue of management of the funds does not end with …
The fifties are the final lap in the process. Retirement is knocking at the door and this is the time when one has to be fully ready in order to face the situation. All the work of the last few decades will start bearing fruit at this point of time and hence it is an …
As one grows older the situation both on the personal front and the professional front changes. One has to play different roles and due to this, the reaction of most people will also differ in these times. This is also a period when time seems to be flying by and hence there is a sense …
