Mon, Nov 20, 2023
SBI runs a special loan scheme for pensioners. This scheme is- State Bank of India Pension Loan Scheme. Under this scheme, pension holders can take loan from the bank to fulfill their financial needs
Tue, Oct 31, 2023
If you follow the FIRE model, you will have to make a special strategy and may have to put up to 70 per cent of your salary in savings.
Thu, Oct 26, 2023
The way inflation is increasing rapidly, it is apparent that the thing available for Rs 500 today may cost Rs 1,000 within some years. For that reason, you need to understand the pace of inflation, and how much money you have to deposit for a comfortable post retirement life.
Tue, Oct 24, 2023
In today's time, it is very important to do retirement planning along with the job. It will help you accumulate money for retirement. Know here the strategies that are important to adopt for a retirement fund.
Sun, Oct 15, 2023
Retirement planning is important for everyone, regardless of age or income level. The earlier you start saving, the more time your money has to grow. And with the increasing cost of living, it's more important than ever to have a plan for retirement. In this video, we'll explain why you should start retirement planning now, even if you're in your 20s.
Mon, Oct 09, 2023
Retirement Planning: It is better to plan in advance for your future and the future of your children, then how can you plan properly and what is the right investment in retirement?
The difference between total maturity values will be vast if you start investing at the age of 25 or 30.
Wed, Oct 04, 2023
A retirement planning calculator helps to estimate your pension amount with all your savings. There are many online platforms and apps which help in calculating your total returns for retirement planning.
Tue, Oct 03, 2023
Annuity plans are ideal for stable monthly income after retirement. You can decide the investment amount as per your need for pension amount after retirement. Many immediate annuity plans also offer payouts within a short period of investment, for instance after a year of investment.
Tue, Sep 26, 2023
Those willing to retire at an early age can opt for the FIRE strategy as it encourages individuals to save more and retire early to achieve financial independence in their 30s and 40s.
Mon, Sep 25, 2023
NPS scheme is a government backed pension plan. After maturity the investors can withdraw a portion of the investment as a lump sum and the balance can be used to receive monthly pension.
In comparison to short-term RDs and regular savings accounts, long-term RDs offer higher interest rate and come with low risk. A few banks offer up to 8.5 per cent interest rate on long-term recurring deposits for senior citizens.
Sat, Sep 23, 2023
Retirement income can be boosted by investing in mutual funds wisely. One can consider options such as Hybrid Mutual Funds or Dividend Funds.
Thu, Sep 21, 2023
A few small finance banks, which cater to the small business and low income groups, are also offering lucrative interest rates on FDs. Suryoday Small Finance Bank is offering 9.1 per cent interest rate on FDs to senior citizens.
Employees’ Provident Fund (EPF) savings offer a significant corpus after retirement. The EPF amount may not be able to meet your financial needs after retirement as it doesn't account for inflation.
Wed, Sep 20, 2023
Money Guru: Experts say how to manage expenses after 60 years? How to make retirement stress free? Understanding this, it is important to plan for it from now on.
One of the most crucial aspects of retirement planning is calculating the amount you would need in your post-retirement years. It's important to estimate the amount needed for retirement as it would help you to decide the investment options.
Sat, Sep 16, 2023
Ensure coverage for yourself and your spouse, including critical illness protection for major health issues. Commence retirement planning early, focusing on dedicated funds like pension plans or provident funds.
If you have just five years left before retirement, it's crucial to make sure you invest enough to build the required retirement corpus. You may need to increase the investment amount and strategically choose high yielding investment options.
Fri, Sep 15, 2023
The government’s push for infra development has made the infrastructure sector an attractive avenue for investors. In such a scenario, Infrastructure Investment Trusts or InvITs provide opportunities for capital appreciation at low entry cost. It also allows investors to diversify their portfolios, enjoy dividends, and benefit from asset appreciation. In this video we explore how investors can make money using InvITs while contributing to the development of the nation's infrastructure.
The amount you need to retire is not a one-size-fits-all figure. It depends on various factors, including your lifestyle goals, anticipated sources of retirement income, and the impact of inflation.
Retirement is an inevitable phase of one's life and nowadays, many youngsters consider early retirement as a gateway to get freedom of doing what they love. However, retiring early could bring a host of problems, including financial uncertainties.
Wed, Sep 13, 2023
Investors can choose mutual funds across equity, debt, gold or all three categories to maintain a healthy investment portfolio for their retirement years.
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