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.
Under the Indian laws, the registration of the Will is not at all compulsory. It is an option on part of the Testator to register the Will.
Watch the video to know how investors should go about planning for their retirement and more.
Vishal Dhawan, founder and CEO, Plan Ahead Wealth Advisors, joins in to share his thoughts on retirement planning.
Maturity proceeds become entirely tax-free; Annuity income continues to be taxed, for now.
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.