Meeting the EPFO's requirement of 10 years of service is essential, but merely reaching the age of 58 doesn't automatically qualify an individual for a monthly pension under the Employee Pension Scheme.
1 min read15 Apr 2024Consolidating UANs requires notifying the EPFO and subsequently transferring funds from your inactive UANs to your active UAN.
1 min read15 Apr 2024There is no single formula for how much you need to save in your 401(k).
4 min read2 Apr 2024Consider key factors before investing in NPS for retirement planning in India 2024, including diversification, inflation protection, contribution flexibility, and professional fund management.
1 min read27 Mar 2024The NPS is a long-term retirement savings scheme for Indian citizens, offering diversification, tax benefits, and professional fund management. It consists of a dual-tier structure, requires long-term commitment, allows asset allocation choices, and is managed by professional fund managers.
2 min read26 Mar 2024There are 10 pension fund managers of NPS and their return varies from one to another. The maximum return of 39.74 percent was given by Tata-Pension Fund.
2 min read25 Mar 2024Small business owners face unique challenges in retirement planning due to cash crunch, absence of retirement provisions, and balancing business investments with personal savings. Implementing the 20:20 rule, 30X thumb rule and insurance strategies can help navigate these challenges.
2 min read7 Mar 2024Consider cross-border investments and international retirement plans for portfolio diversification and increased retirement savings.
2 min read2 Mar 2024LIC's Jeevan Dhara policy caters to early retirement goals with financial security, flexible options, and tax benefits
2 min read1 Mar 2024The maximum deposit limit for Senior Citizen Savings Scheme has been enhanced to ₹30 lakh from ₹15 lakh and it has been made effective from April 1, 2023.
1 min read27 Feb 2024The 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