On 10th December, the Government announced that the tax exemption limit for lump sum withdrawal on exit has been enhanced to 60 percent. With this, the entire withdrawal will now be exempt from income tax.
It's never too early to prepare for retirement.
People tend to procrastinate saving for their retirement since an early retirement is considered a luxury.
Experts suggest not to withdraw money from your EPF account and let the EPF balance compound. It will help you retire rich.
In the aftermath of IL&FS episode, we believe the credit market has become slightly illiquid due to shift in investor sentiments, said Sandeep Jethwani, Managing Partner and Head – Advisory Group, IIFL Investment Managers
Planning for your retirement at the early age will give you peace of mind and more corpus to do whatever you want
The new NPS norms on higher equity investment will help investors grow their retirement funds.
If you want to plan your taxes, you may consider planning your retirement.
If you frown at the amount of income tax you pay to the government, you should all the more considering saving for retirement.
The US stock markets – Dow and Nasdaq – are once again at their lifetime highs, while stock indices in India too reached their record high recently before receding a bit.
All your future financial needs must be expressed only after accounting for inflation.
Retirement is a period when people should turn risk averse with their investments, especially with stocks.
Pension is the regular sum of money one draws from a fund kept aside for retirement.
There are numerous advantages of a living trust over writing a will and the most important is avoiding probate, or official proving of a will
The need to start putting together a succession plan in place cannot be emphasised enough
If one plans well with one’s retirement money, they can enjoy the same luxury even after reaching 60 years of age.
Not having an adequate cover will mean that the elderly people will have to spend their entire savings on healthcare which will mean lesser to spend on themselves
The pension you get from the employer at retirement is taxed under the head salaries while filing Income Tax Returns.
A will has to be executed by the testator, by signing or affixing his thumb impression on it
A jitter-free post-retirement depends on creating a proper protective shield around all probable situations
Any accidental or inadvertent errors made while drafting the will may go unnoticed as no lawyer reviews the draft on preparation
Sandwich generation is struggling with the dual responsibility of caring an elderly parent and also supporting children financially
A senior citizen can operate more than one account individually or jointly, subject to a limit of Rs 15 lakh in all accounts put together.
Use your time productively and become financially independent again.