Should You Opt for a Reverse Mortgage Loan?

A Reverse Mortgage Loan (RML) can provide a useful income stream for senior citizens during their retirement. You can monetize your residential property and generate income while continuing to retain the ownership so long as you are alive. I have discussed Reverse Mortgage loans in detail in another post. In this post, I will look… Continue Reading

SBI Pension Loan: Loan for Pensioners

Anyone can face a financial emergency or may need funds to tide over a crisis. There are many ways to arrange funds. You can seek short term assistance from a friend or family. There is an option of gold loan or a property loan. If you are young, you can apply for a personal loan. However,… Continue Reading

Budget 2018 Highlights

The Budget 2018 was presented on February 1, 2018. The Finance Minister did not propose any changes to the income tax slabs and tax rates. However, much needed relief was granted to senior citizen tax-payers. There were a slew of other relief measures for senior citizens. However, the biggest setback has come to equity investors, where the… Continue Reading

Ways to Generate Regular Income During Retirement

As you start your retirement, you will need to replace your salary with another source of regular income. If you have been part of a defined benefit pension scheme or have been investing in a pension plan during your working years, you will not feel as much pinch. Those who have not purchased a pension plan… Continue Reading

Reverse Mortgage Loan

When you retire, the routine of a hefty salary credit to your bank account at the beginning of every month comes to an abrupt end. You have purchased a pension plan but that pension is merely a fraction of your last salary. Inflation seems a much bigger demon now. The ability to recover from unplanned… Continue Reading

The ABCs of Health Insurance

People are prone to diseases and it is impossible to predict as to when a health crisis will manifest itself in your life. Health care also has improved leading to longer life expectancy. However, the cost of health care also has gone up, and can empty your life’s savings if you need hospitalization and special… Continue Reading

Budget 2015: A Common Man’s Perspective

When Finance Minister, Mr Arun Jaitley, presented the NDA government’s first full year budget on 28th February 2015, I was one of the millions of Indians who sat glued to their television sets to catch the budget highlights first hand. To be honest, like most of individual tax payers out there, I was expecting a… Continue Reading

Understanding Reverse Mortgages

Once a person has crossed his (her) earning years, but has not planned for the retirement years, or financial planning has gone awry due to heavy unforeseen expenses/losses, or inflation has taken away the purchasing power of savings etc., what does he (she) do to live the remaining years on this planet without seeking handouts… Continue Reading