Fri, Jan 24, 2025
Monthly Income Calculations: Value of money changes with time because of inflation. So if you are aiming at a Rs 1,05,000 monthly income at retirement, the amount should be inflation-adjusted. Know how much corpus one may require for it.
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Retirement Planning: If one has a long-term investment horizon for their retirement planning, they can begin with a small investment amount, yet they will be able to create a sizeable corpus. An investment of Rs 7,00,000 can create a corpus of 2,10,00,000 if one stays in their investment for a long time.
Thu, Jan 23, 2025
Retirement Planning: To live a comfortable life, it is necessary to know how much money you need at retirement. The calculation can be done on the basis of your current expenses, age, retirement age, life expectancy, etc.
Power of Compounding: When you target a retirement corpus, you need to know the investment amount you need monthly and one time, and the required return. Based on that, you can prepare your strategy according to that. Compound growth of returns may make your investment journey easy if you stick to investments for a long term.
Mon, Jan 20, 2025
EPF vs PPF: Employees' Provident Fund (EPF) and Public Provident Fund (PPF) are two retirement-focused schemes where an investor can contribute to create a sizeable tax-free retirement fund. Investors can also get tax benefits on deposits in EPF and PPF.
Fri, Jan 17, 2025
Retirement Planning: A one-time investment can grow many times if one invests it for a long time and gets the benefit of compound growth. A Rs 6 lakh lump sum investment can turn into Rs 1.80 crore.
Wed, Jan 15, 2025
Planning for retirement in your 30s? Let’s find out how long it will take to build a Rs 4 crore corpus with monthly investment in a systematic investment plan (SIP).
Mon, Jan 13, 2025
EPF Interest Calculations: Private sector employees can generate a sizeable tax-free corpus by investing in Employees' Provident Fund (EPF). Contributions of up to Rs 1.50 lakh in a financial year also provide them tax benefits under Section 80C of the Income Tax Act, 1961.
Fri, Jan 10, 2025
One-time investment for retirement planning: People who are planning their retirement can invest one-time (lump sum) or monthly SIP. In the long term, either of the options can give stable returns.
Thu, Jan 09, 2025
Rs 16,000 SIP to Rs 10 crore corpus: In retirement planning, long-term, consistent investment and above-average post-tax returns play a key role in generating a large corpus. Even a Rs 10 crore corpus can be created if one starts their investment journey early and keeps investing for a long term.
Wed, Jan 08, 2025
PPF For Retirement Plannig: Public Provident Fund (PPF) is one of the popular investment schemes for retirement planning. An investor can make unlimited deposits in their PPF account with a maximum limit of Rs 1,50,000 in a financial year. The income generated from PPF is tax-free.
Mon, Jan 06, 2025
Retirement Planning: The benefit of starting to invest early and doing it for a long duration is that one can build a sizeable retirement corpus even if their investment amount is small.
Fri, Jan 03, 2025
Rs 1,000 SIP for 40 Years vs Rs 20,000 SIP for 15 Years: The power of compounding is more evident in long-term investments. A monthly SIP investment of Rs 1,000 can create over Rs 1 crore corpus in the long term. One can aim a large-amount corpus even with a small SIP or lump sum investment.
Monthly Income Calculations: Value of money changes with time. A thing that costs Rs 100 today may cost Rs 106 a year later. So, the calculation of monthly income should be based on inflation increase.
Latest SBI Senior Citizens FD Rates: A lot of senior citizens seeking a regular income in their retirement life invest in fixed deposit (FD) schemes. They can get the interest amount on maturity or monthly, quarterly, half-yearly, and yearly. State Bank of India (SBI) also offers various FDs, including special term deposits, to senior citizens of different interest rates and durations.
Thu, Jan 02, 2025
Retirement Corpus Calculations: Financial freedom at every stage of your life is necessary. To have that at the retirement stage, it is necessary to know the required amount to live life independently.
Wed, Jan 01, 2025
Power of Compounding: Financial planning is about setting a corpus goal and achieving it in a fixed duration. Important things that are needed to know are the investment amount, rate of return, and ways to revise the investment strategy to achieve the goal.
Tue, Dec 31, 2024
Power of Compounding: A low monthly salary won't be a roadblock in creating a huge retirement corpus if one is consistent in their investing and increases their investment amount with a rise in their income.
Mon, Dec 30, 2024
EPF Retirement Corpus: Employees' Provident Fund is a retirement scheme where EPF subscribers can invest monthly to create a tax-free retirement corpus. Since EPF is a fixed interest rate scheme, investors can also use it to diversify their portfolio.
Retirement Corpus Calculations: To have an idea about your retirement corpus, 3 important factors are your current monthly expenditure, years to your retirement, and the age till when you need your retirement corpus. You also need to know lump sum and monthly SIP investments to achieve it.
Fri, Dec 27, 2024
Retirement Planning: Do you spend Rs 30,000 a month, Rs 40,000, Rs 50,000, or Rs 80,000? Do you want to maintain the same lifestyle post-retirement or upgrade it? The planning to generate a retirement corpus will depend on this assessment. But can we make the right assessment for that? If yes, then how?
NPS Corpus Calculations: In National Pension System (NPS), one can pick equity exposure according to their risk appetite and age. They can invest a lump sum amount or monthly, depending on their income flow. One can use the scheme to generate a tax-free retirement corpus that can help them achieve many of their financial goals.
Thu, Dec 26, 2024
Retirement Planning: Some of the important factors for calculating the retirement corpus are your age, retirement age, life expectancy, current expenses, and future expenses. Considering inflation as another key factor, you can calculate your retirement corpus amount.
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