NPS or National Pension Scheme is a scheme to plan retirement. This scheme works on a similar concept like EPS in India or 401K in the USA. The concept is to accumulate funds for a subscriber in an account and provide him a pension (annuity) after retirement. Let’s see the NPS details, it’s tax benefitRead More
Retirement
NPS (National Pension Scheme) Complete Details Pt2
NPS is flagship scheme of India under the retirement category. NPS has gained popularity but still due to technicality the scheme needs to be understood to get proper benefits. Here are the complete details of National Pension Scheme or NPS India. This is a two-part post as I wanted to cover each & every detailRead More
Retirement Planning for Couples – TIPS
Marriage is the beginning of a new phase of life and as time passes, married couples evolve a shared sense of responsibility in all spheres, including personal finance. Spending your golden years together in relative comfort and security is the goal of most married couples. Here are some tips on Retirement Planning for Couples. MostRead More
How Much Cash to Hold in Your Portfolio?
You know last week in news it said: “ Indian Forex Reserve is down by 1% due to increase in fuel bill”. So a country is also concerned about its cash balance. We all know what happened in 1991 and how Dr. Manmohan Singh tackled the situation. So cash is really important in managing aRead More
Voluntary Provident Fund – A Good Choice in Fixed Income
Very few instruments have “fixed rate” & “tax-free” tag associated with them. Considering last year when rates in fixed deposits were at lowest and debt funds being highly volatile, Voluntary Provident Fund is an ideal choice for debt investments. Let’s see the details. The advantage of investing in voluntary provident fund lies in the factRead More
7 Retirement Challenges that Lead to Shortfall
Most ignore it because it is too far. Yes, that’s the story of retirement-related goals. You ask anyone, the priority is today… today’s expenses, this year’s tax savings, next years vacation etc etc. Retirement … a big silence. And, we all know the result. There will be a shortfall in retirement corpus. Shortfall is oneRead More