Retirement Planning News
Retirement Planning: With UPS in the fray soon, is it the time for govt employees to exit NPS?
Wealth advisors suggest that having more than one option to choose from is a good thing from a retiree’s point of view. They will soon be able to choose between the inflation-linked UPS and the market-linked NPS
3 min read9 Sep 2024Retirement Planning: How traditional life insurance products supercharge your pension plan strategy
Retirement planning has evolved, necessitating a steady income stream to manage rising costs. In India, where social safety nets are limited, traditional life insurance is vital for achieving financial independence and ensuring a secure retirement, regardless of when one chooses to retire.
3 min read4 Sep 2024A time-honored strategy puts your retirement at risk of financial ruin
The tried-and-true 60/40 portfolio and 4% withdrawal rate in retirement could lead to “catastrophic” outcomes if markets behave differently than in the past.
4 min read23 Aug 2024Independence Day 2024: 5 reasons life insurance is your secret to a golden retirement
Independence Day 2024: Life insurance is crucial for retirement planning in India, offering income replacement, critical illness coverage, debt foreclosure, inflation-proof investment, and liquidity.
2 min read15 Aug 2024Independence Day 2024: Can FIRE get you freedom from a regular 9-to-5 job?
A new phenomenon – FIRE -- is gradually gaining a foothold among youngsters. It refers to financial independence and retire early. We explore here whether it is a passing fad or something to be taken seriously?
2 min read15 Aug 2024Budget 2024: How will the increased NPS tax deduction impact your retirement savings?
The Budget 2024 has increased the tax deduction limit on employer NPS contributions from 10% to 14%, aligning private sector employees with government counterparts, and introduced the NPS Vatsalya scheme for saving for children’s retirement.
3 min read6 Aug 2024Retirement Planning: How to choose allocation towards schemes E/G/C in NPS?
NPS is a useful tool for retirement savings and offers four asset classes to choose from. Subscribers can opt for auto choice or active choice for asset allocation, with active choice allowing up to 75% in equity.
4 min read29 Jul 2024Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors
The Budget 2024 has proposed to increase the 10% limit on employer contribution to employee’s NPS account to 14% and the introduction of NPS Vatsalya for minors. It will increase the NPS reach and promote social security among citizens.
4 min read25 Jul 2024Mutual Funds: Are ELSS funds a viable option for retirement planning?
Equity Linked Saving Schemes (ELSS) are mutual funds that offer tax-saving benefits under Section 80C of the Income Tax Act, 1961. Moreover, these funds can serve as effective tools for retirement planning.
2 min read19 Jul 2024Why should you seek the help of financial advisors to plan your retirement? Here are key reasons
Financial advisers can serve as true financial wellness coaches, equipping clients not only for retirement but also throughout their lives.
2 min read19 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared