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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Senior Citizens Pension Scheme Announced to Ensure Greater Returns For Elderly Citizens

Senior Citizens Pension Scheme Announced to Ensure Greater Returns For Elderly Citizens

Good news seems to be raining for senior citizens. The Union Budget has proposed to initiate a scheme for senior citizens that would bid an annual return of 8 per cent for a span of 10 years. The Life Insurance Corporation of India (LIC), on April 1, 2017, has launched the scheme offering interest pay outs on an annual, half-yearly, quarterly and monthly basis. Previously, in December 2016, special senior citizens fixed deposit was announced by India’s honourable Prime Minister, Narendra Modi, that offered a certain return of 8 per…

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Senior Citizens Pension Scheme Announced to Ensure Greater Returns For Elderly Citizens

Senior Citizens Pension Scheme Announced to Ensure Greater Returns For Elderly Citizens

Good news seems to be raining for senior citizens. The Union Budget has proposed to initiate a scheme for senior citizens that would bid an annual return of 8 per cent for a span of 10 years. The Life Insurance Corporation of India (LIC), on April 1, 2017, has launched the scheme offering interest pay outs on an annual, half-yearly, quarterly and monthly basis. Previously, in December 2016, special senior citizens fixed deposit was announced by India’s honourable Prime Minister, Narendra Modi, that offered a certain return of 8 per…

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Things to keep in mind while buying health insurance

Things to keep in mind while buying health insurance

For the normal person buying medical insurance is a sensible practice that has the added encouragement provided by the government in the form of a tax deduction for the premium paid U/s 80D. Not having medical insurance is either a sign of wealth or foolhardiness. Paying a small price relative to the comfort of having a financial backing during medical emergencies is a non-negotiable essential insurance cover. Those who do not want or decide they do not need medical insurance either have liquid wealth that can pay for any medical…

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New Pension scheme rules: How to invest wisely now!

New Pension scheme rules: How to invest wisely now!

From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension schemes judiciously, experts tell Sanjay Kumar Singh. Until now, subscribers in the National Pension Scheme, NPS, could change their investment option (active or auto choice) and asset allocation (the percentage allocation of your investments to different asset classes such as equities, corporate bonds, government securities and alternative investments) once in a financial year. According to a recent circular from the Pension Fund Regulatory and…

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Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

The Varishtha Pension Bima Yojana (VPBY) 2017, a scheme unannounced by the Prime Minster  Narendra Modi on new year eve was approved by the cabinet on Tuesday. Post demonetisation banks are slashing interest rate on fixed deposits. Therefore, to guard the interest of the senior citizens (above 60 years of age) in case of falling interest rates, PM Modi announced this scheme with a guaranteed interest of 8 per cent for 10 years The scheme will be launched by Life Insurance Corporation of India on April 1st as per sources….

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