The Steps You Need to Take Before Retirement to Manage your Wealth

The Steps You Need to Take Before Retirement to Manage your Wealth

Retirement is the normal process to be crossed by any individual at the aged stage. Individuals should plan in advance to arrange the financial matter that helps to lead a comfortable life at the aged stage. Each person should calculate the amount that is received as pension, the amount that is received as a retirement withdrawal and finally the amount to be deposited in the bank. Calculating these things helps to recognize the goals and income to be directed in a proper way to achieve the lifetime objectives. These plans…

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Are you worried about an unplanned retirement coming? You still have a shot!

Are you worried about an unplanned retirement coming? You still have a shot!

It’s never too late to save for your retirement Though there is enough information around us to start saving early for retirement during our career, many of us give thought and attention to it only when we are nearing the 50’s which is like wanting to win the race during the last mile of it. Chances are then 50-50, where we may either win or wind up somewhere in the middle of what we wished. Here are a few tips giving you hints on some smart moves, so there is…

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How to retire early? Start planning early

How to retire early? Start planning early

Early retirement is an alluring dream, but few are able to realize it as they start planning for it too late. With an increasing number of individuals earning salaries that can lead to significant savings, combined with the pressures of demanding professional commitments, many mid-career professionals are exploring early or partial retirement, say financial advisers. However, despite early retirement being a rising aspiration, the number of individuals who actually realise it, are very few. “Everyone is talking about it, but no one is actually able to do that,” said Gaurav Mashruwala,…

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Why ignoring to plan for retirement can be financially damaging

Why ignoring to plan for retirement can be financially damaging

With rising cost of living and increasing life expectancy, the need to plan for one’s golden years is gaining ground. Read on to find out how to retire rich. We all like to plan for the future. From planning the day ahead to planning a vacation, it’s always a good thing to plan for something well in advance. But, when it comes to planning for one’s retirement, not many show the same inclination. Hardly surprising, therefore, that a retirement survey conducted earlier showed that nearly 78 percent of Indians had…

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How ‘Tax –free’ is the Freelancer?

How ‘Tax –free’ is the Freelancer?

While the salaried hurry and submit papers on proof of investments for tax benefits before the deadline, freelancers have a different story to tell. The salaried have the employers communicate all the rules and roll out facilities that enable them file their taxes with ease. Freelancers do all the legwork when it comes to filing their taxes but enjoy comparatively higher benefits and advantages. In truth, Freelancers have the best of both the worlds.   Here’s how they claim the tax – saving deductions available to salaried individuals and the…

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NPS for tax savings & good retirement planning

NPS for tax savings & good retirement planning

The national pension scheme is a great way to plan retirement as tough partial withdrawal norms help save the final corpus The national pension scheme (NPS), as it is popularly referred to, is a government-backed retirement scheme, which is available to all Indians, aged 18 to 60. NPS has two separate schemes under its general plan, which is open to the general public across the country. The two schemes are named tier I and tier II schemes. While the tier I scheme is a mandatory plan. Only on possession of…

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Senior Citizens guide to Tax Exemptions: The best is always kept for the last days!

Senior Citizens guide to Tax Exemptions: The best is always kept for the last days!

Senior Citizens in India face a number of challenges today.  Apart from deteriorating health, non-productivity, isolation and boredom, worrying about finances tops their list. Unlike parents in developed nations like the United States, parents in India have their children live with them for a much longer time and completely finance their education and wedding expenses.  It is perceived as a duty of the parent in the Indian social set-up. Financially independent Senior citizens face far lesser issues than the dependent ones. At 60, the salaried working class go through major…

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What you need to do to save enough for your Child’s Education?

What you need to do to save enough for your Child’s Education?

Best Investment Instruments & Strategies for Saving for a Child’s Education Providing the best education to their children is every parent’s dream and one of the biggest goals. But are you saving enough or investing in the right instrument to achieve this goal? From child plans offered by insurance companies to the Sukanya Samriddhi scheme for girl child, there are a plethora of investments in the market. So which option to choose and how much to invest are the most critical questions. First, you need to set a target. It…

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Financial planning: 5 best retirement plans to gift your dad this Father’s Day

Financial planning: 5 best retirement plans to gift your dad this Father’s Day

Fathers are special and this Father’s Day while you are doing your best to make it memorable for him, how about doing something which reflects your love and concern. Fathers are special and this Father’s Day while you are doing your best to make it memorable for him, how about doing something which reflects your love and concern. Every father earns, saves, and invests for the education, wedding, and other needs of children. If you are keen to ensure his post-retirement years are hassle free, then these five options could be of help…

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How to Overcome Financial Dilemmas

How to Overcome Financial Dilemmas

A decade by decade guide to the right steps you need to take to manage your life’s financial goals Limited savings, but numerous responsibilities is life by another name. And some of these responsibilities will run parallel to one another. For one, you can’t delay saving for your retirement and you can’t ignore your child’s future either. Since increasing your pay or reducing expenses beyond a limit can’t be an option always, we struggle with financial choices. We try to figure out the financial dilemmas that you will face during…

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