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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V-Day Special: How to talk money to your partner

V-Day Special: How to talk money to your partner

Apart from love, financial compatibility too is paramount for the success of a long-lasting relationship. Here’s what couples must do to work on it. Without further ado, read on to know more! Financial compatibility in love: What? Why? What do we mean by financial compatibility? By financial compatibility, we are talking about that nice happy ground where both the partners understand each other’s philosophy of spending, saving, and investing money and live in harmony. People in love, usually, have many conversations but they are rarely about money and spending unless…

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Budget 2017: 10 money moves you should make before Budget

Budget 2017: 10 money moves you should make before Budget

Personal finance advisors say sticking to a long-term plan based on goals would be the best way to deal with the uncertainty surrounding the Budget.  The run-up to the budget is filled with expectations and speculations on what is likely to be announced by the Finance Minister on D-day. There are news of possible Income tax changes, changes in saving schemes, possible tweaking of the retirement savings landscape and changes in tax treatment of capital market related investments. But only few in the inner circles of the government know the…

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This Xmas, ring out your FDs and ring in debt funds

This Xmas, ring out your FDs and ring in debt funds

Here are five reasons why debt funds will give you better returns in the New Year From the time the government had announced demonetisation on November 8, the market analysts have been talking about debt funds becoming more attractive. Shankar Iyer wanted to understand this better as he had limited knowledge of equity and debt markets considering his technical engineering background. He decides to consult his colleague Madhavan, a Chartered Financial Analyst, and advises his company on treasury matters, over a cup of coffee. Here are the five important points…

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12 Financial resolutions for the calendar year 2017

12 Financial resolutions for the calendar year 2017

Here are 12 financial resolutions that can improve your finances in year 2017. As Prashant Patel sat back to assess his financial performance for the calendar year 2016, he realized that he had actually failed to live up to most of the resolutions he had made in the month of January 2016. Of course, the demonetization in November resulted in delays in payments but that was hardly an excuse. Demonetization had happened only in November 2016 and he had done precious little in the first 10 months. He therefore decided…

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Do not let money mistakes rock your marriage

Do not let money mistakes rock your marriage

Newly married couples tend to overlook financial planning and get influenced by others into overspending. Watch out for these pitfalls and nurture your marital harmony Mumbai-based Preeti and Amit Mahajan, both 34, have been married for nearly 4 years. Preeti works at an immigration law firm, while Amit is a music curator. Although the couple now believes that they have satisfactory returns from their current investments, their financial story was different when they were newly married. “The only investments I had, from the time I started working, were insurance policies…my…

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