What are your retirement objectives?Opting for a retirement plan that may not adequately meet your needs after retirement is hardly a prudent choice. Remembering your retirement objectives helps you determine the best approach to achieve them, enabling you to realize your long-time dream of traveling worldwide or perhaps pursuing a fascinating hobby. How is retirement […]

Types of Pension PlansGrasping the various types of pension plans available in the market is a vital step when you start preparing for retirement. It provides insight into how a specific pension scheme can offer you particular advantages. It also equips you with the essential resources to picture life following retirement. Here are some of […]

How Does Commuted and Uncommuted Pension Get Taxed? Here are some essential points you need to be aware of regarding the taxation of commuted and uncommuted pensions to answer the question, ‘Is Pension Taxable? ’: Income Tax For Senior Citizens Pensioners (Above age 60 but less than 80 years) Benefits of Pension Plans Pension and […]

What are Tier 1 and Tier 2 NPS Accounts NPS Tier-1: This account is a mandatory NPS retirement savings account featuring a lock-in period that lasts until the account holder reaches retirement age, which is 60 years, but may be extended to a maximum of 75 years per current regulations. This account does not allow […]

What is Swavalamban Scheme?The Swavalamban Scheme was introduced by the Government of India to aid senior citizens in the unorganized sector in achieving financial independence and enjoying a worry-free retirement. It is one among many pension schemes launched by the Government as an alternative to the National Pension System (NPS) that offers financial support to […]

Are you nearly 50? Still have not arranged for retirement? Here’s how to strategize effectively. STEP 2 – Wrap it Up! – Begin settling your loans and debts. STEP 3 -Make it less harsh – Organize your financial products. STEP 4 – Create a Nest Egg! – Begin setting aside a portion of your take-home […]

Life insurance policy is significant in retirement planning for the following three reasons: Disclaimers:

Do you struggle when you have to select a retirement plan and investment option? Retirement / Pension Plans and Mutual Funds – The fundamentals you need to understandWhen life insurance firms discuss retirement plans and pension plans, they are addressing bundled products that provide the combined advantages of insurance and investment. The ‘Why’ and ‘Why […]

How many times have you compared your investment returns in relation to inflation?