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.
It is important not to confuse your current financial independence with financial freedom.
The benefit of nomination is that, in the event of the death of an account holder, the bank can release the account proceeds or contents to the nominee.
As the entire withdrawal amount is taxable, each component of the withdrawn amount - the employer contribution, employee contribution, and respective interest on these contributions - needs to be reported separately.
Kayezad Adajania talks about the financial planning steps to be taken in the 60s.
In this episode of Simply Save, Moneycontrol's Personal Finance Editor Kayezad Adajania talks to Jerome Anthony about how people in their 50s should plan for a hassle-free retirement life.
A succession certificate is a document issued by a civil court to the legal heirs of a deceased person certifying a rightful person to be the successor of such deceased person.
There is tons of research on strategies for determining how much to spend each year from a retirement portfolio but no one-size-fits-all.
Probate means certification of the copy of the will under the court’s seal
Planning your retirement will require you to define clearly what it means to you and making an investment plan that has a high probability of you achieving your retirement goals whether that goal is early retirement or conventional retirement.
Each one of us has worked all our lives and might have some specialised knowledge, which will be useful to mankind. We need to seek to pass that on, instead of just killing time.
The recent Supreme Court ruling to add non-variable allowances like special allowance to the basic to calculate EPF contribution is a big positive for employees as they would have more at retirement.
Millennial should invest at least 30-50% monthly income. The rest should be utilised for monthly expenses, pay EMIs or credit card dues, etc
To ensure you are early retirement ready, you need to ensure that you don’t make wrong assumptions. Because if you do, you run a real risk of running out of money before running out of years.
Here are a few steps you must take to ensure that your will delivers as per you wish
It is necessary under the Indian laws that the will must be executed by the testator in the presence of two witnesses and the said two witnesses must have signed the will as witnesses in the presence of a testator
Some apparently illiquid avenues can be tapped in smart ways.
Financial planners advocate investing in equity mutual funds to beat inflation and build a corpus that will cater to one’s future needs, even if one is a conservative investor.
Though it is not mandatory to video record the Will, there are a few situations in which the video recording is recommended by the estate planners.
In the absence of a Will or Nomination even day-to-day functioning gets affected, as the heirs don’t have access to the funds.