Retirees

Should retirees look beyond fixed deposits for steady income?

Higher inflation rates and changing tax strategies have led most retirees to wonder whether simple fixed deposits are enough to cover their economic well-being.

How to calculate your EPS pension: A simple guide for retirees

The Employee Pension Scheme (EPS) provides a monthly pension to salaried employees after retirement. The pensionable salary is capped at ₹15,000, and the pensionable service is the total number of years worked, with a minimum of 10 years required to be eligible.

Why systematic withdrawal plans in MF work best for retirees

Systematic withdrawal plan allows unitholders to withdraw money at regular intervals. A Moneycontrol analysis of MC30 debt and equity funds show that 6-8% can be ideally withdrawn every month without depleting the corpus, if you stay invested for 10 years

How can retirees use MC30?

After mediation fails, court fight over Nortel begins

Bankrupt telecoms equipment giant Nortel Networks once boasted of a global operation, but now its former world-wide units are squaring off over its last remaining asset: USD 9 billion in cash.