Even if you are not considering early retirement as a possibility, it makes a lot of sense to prepare for it anyway
The Centre was asked whether there was a proposal to retire employees of central and state governments after completing a maximum service period of 30 years.
If you are young, you should be quite aggressive with your retirement savings and have a large allocation to equities
HDFC Pension Fund scores over its peers on three as well as five-year returns
You just need to change your mindset and take necessary actions
The former Indian cricket captain had planned his retirement for almost two years and has already prepared for the next innings.
Dhoni, 39, called time on his 16-year-old international career Saturday with a cryptic message on his Instagram post that read "From 1929hrs consider me as retired".
"Thanks a lot for your love and support," he said, adding that as of August 15, consider him as retired.
It is important to be debt-free. Having to pay EMIs when your income stops is like retiring with a millstone around your neck
Moneycontrol asked three financial planners how he should deploy his retirement corpus
You must also strive to nurture and insulate it against shocks
A well-structured withdrawal strategy from NPS and other products during retirement can reduce taxation to a bare minimum
Most Indians look at their children’s education and wedding as priorities
Even 10-12 years of focused planning and investing will ensure that you are in a sound financial position
It’s always better to be conservative in the years closer to your retirement
It should only be a part of one’s overall retirement portfolio
A little less than a third (32 per cent) are on track to achieving more than half their goal by the age of 60
Whether it be about living a comfortable life when your monthly income ends, or about going on an elaborate vacation, retirement planning needs to be given deep thought.
"There is no proposal to reduce retirement age below 60 years," Minister of State for Personnel Jitendra Singh said in a written reply.
You need to start early and invest in the right retirement savings products.
Before retirement, it is about accumulating a sufficient corpus; subsequently, it is about generating a regular income stream
Last year the Union Cabinet had announced that 60% of the withdrawal from national pension scheme (NPS) will be tax free in the hands of the investor.
The $5 billion-valued company may look into the area with its New Real Estate Businesses arm which also includes OYO Life, a co-living vertical targeted at millennials and young professionals.
The board re-appointed his son, Rishad A Premji as the Whole-time Director and Executive Chairman, for a period of five years, with effect from July 31, 2019, to July 30, 2024.
Carefully estimate your regular, unexpected expenses, and medical costs while also factoring in inflation.