Determine the Basic Living Expenses: Take Inflation into account:

​​​​​Mistake 1: Failing to begin early and persist in investing Mistake 2: Failing to evaluate your present and future financial objectives Mistake 3: Making erroneous assumptions regarding future cash flow estimates Mistake 5: Failing to communicate with your spouse and plan for legacy My exploration of retirement planning pitfalls and my father’s wise insights leave […]

The Effect of Compounding Case 1 – Started Early Case 2 – Started Early Starting Age 25 35 Retirement Age 60 60 Invested for 35 years 25 years Monthly Investment (Rs) 1000 2350 Total Amount Invested (Rs) 420,000 705,000 Rate of Return (assumption) 8% 8% Fund Value at Retirement Age (Rs) 21,42,567 21,36,12 Prepare for […]

What is Annuity? What are the Types of Annuities? Annual income slab Annual income slab Tax rate for people in the age bracket of 60 to 80 years Tax rate for people of age greater than 80 years Up to Rs. 3,00,000 Nil Nil Between Rs. 3,00,000 to 5,00,000 5% of the amount above Rs. […]

Some critical factors to take into account while selecting the right pension plan are as follows:

Let’s explore more about pensions, their features, and benefits in this article. How Does Pension Work? Options to Build Pension Fund With an immediate annuity plan, you can access the pension right away. It necessitates a lump-sum payment, which qualifies for tax exemption. In this case, the nominee receives the payout if the insured passes […]

What is Retirement Planning? Importance of Retirement Planning Types of Retirement Plans in IndiaAt present, Indians can select from a variety of retirement plans to ensure financial stability during their retirement years. Currently available choices include annuity plans from life insurance companies, retirement funds from mutual fund firms, unit-linked investment plans, and the National Pension […]

Why Should You Plan for Retirement at an Early Age? Top 10 Benefits of Retirement Planning

If this seems relatable, you might be making one of these errors: Starting Age 30 45 Retirement Age 60 60 Invested for 35 years 15 years Monthly Investment (Rs) 2500 5000 Total Amount Invested (Rs) 900,000 900,000 Rate of Return (assumption) 8% 8% Fund Value at Retirement Age (Rs) 35,21,367 16,88,031