You are planning to go for higher education. You got the admit letter from your favorite college. Everything is going smoothly. There is just one dilemma, whether you should finance the education from own funds or take an education loan. In this post, let’s look at some of the aspects that can help you make… Continue Reading
I do not think there will ever be a crisp answer to this question. First, when the “right property” comes along, you will convince yourself to stretch your budget and go for a larger home loan. So, all the calculations and discussion on this topic may be futile to some extent. Well, nothing wrong in… Continue Reading
New Pension Scheme (NPS) has got quite popular in the last few years due to favourable tax announcements. In this post, I will discuss NPS basics, tax benefits on investment and tax treatment at maturity. Finally, I will discuss whether you should invest in NPS. NPS Is a Defined Contribution Pension Plan Under a defined… Continue Reading
Planning for retirement is one of the most important financial goals for anyone. During your working years, you need to ensure that your lifestyle does not suffer during your retirement. Here are a few tips that you can use while planning for your retirement. 1. Set a CORRECT retirement corpus target. It is not easy to… Continue Reading
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
Being self-employed gives you the freedom to work on what you want and how you want. You don’t have to deal with a rude boss and frustrating office politics. You may get to choose your work timings. Till now, everything sounds good. However, self-employment can bring its own set of unique problems. There is no… Continue Reading
Ramesh is 45 years old. He has read enough about importance of purchasing an adequate life cover. Till now, he has relied on traditional life insurance plans for life insurance. He had never given any serious thought to purchasing life insurance. Even these traditional life insurance plans are more a result of hectic tax-planning than… Continue Reading
In one of the earlier posts on Retirement Planning, I had discussed the importance of starting early, portfolio diversification and a few psychological investments to get you on right financial track. By starting early, you get the power of compounding behind you and your small (involuntary) contributions can result in a significant corpus by the… Continue Reading
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 latest Union Budget is a mixed bag for many investors. Though the budget had many sops for the borrowers & middle class folks, there were a few setbacks too. Let’s look at ten most important takeaways from the latest budget. 1. Tax Relief for First Time Home Buyers First time home buyers have been… Continue Reading