RETIREMENT INCOME PLANNING
Is a market-linked pension plan right for you? Vivek Jain explains
Vivek Jain, Head of Investments, Policybazaar.com says that in retirement planning, it's vital to consider both market-linked and guaranteed pension plans, allocating funds based on age and risk tolerance. Including a spouse in joint life coverage and leaving a legacy for nominees are key aspects of securing a stable financial future.
Tips to save money when you have a low income
When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings.
How to deploy Rs 2 crore inheritance to meet child education expenses & retirement goals
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Retirement planning: Where to invest to retire at 55
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
MF Query: How to invest Rs 20 lakh at age 65? Should one go for dividend plan or SWP?
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I am a retired person; I have a health insurance cover of Rs 5 lakh. Should I get a super top-up health insurance plan?
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Want to retire at 50? Start early, save regularly to achieve FIRE
Financial independence, retire early (FIRE) is a movement focused on extreme savings and aggressive investment that aims to allow people to retire much earlier than is possible through traditional budgets and retirement plans. Detailed planning, budgeting discipline, and smart investment are key components to achieve an early retirement.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
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Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Saving up for child's education, retirement? Double the SIP amounts to achieve goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
An investment advisor – A planner for your financial dreams
Globalisation, urbanisation, and technology have impacted the Indian lifestyle, blending tradition with modernity. The anticipated growth in Indian household wealth underscores the need for effective investment planning and wealth management.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
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Spending at ease in retirement: Follow these 5 rules to grow your savings at all times
The fear that the retirement corpus will not be enough comes primarily from it being small. It is also stoked by how the corpus is invested. The conservative mistake of earning years is repeated in retirement. The money is invested in debt products and income earning assets. Many retirees believe that equity investing will put their lifetime savings at risk.
80% rule for retirement savings: How much money should you save to retire comfortably?
Planning for retirement is crucial to avoid financial problems later in life. Experts recommend setting a savings goal and following some simple guidelines for a secure retirement. To achieve this, it's important to start saving early, manage debts, and make wise investments. Assessing projected retirement income and accounting for inflation is vital to determine how much savings are required.
To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month
"There are 4 pillars of retirement income namely, social security, employment-based plans, personal retirement assets and family / social structure. Social security in India is not as developed or as widespread as the ones in advanced countries. Only people working in the organized sector and for the government are eligible for employment-based pension plans," says Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.
Gilty, My Lord! Pension funds bond more with govt debt
NPS drives record investment in government bonds to 4.4%, totaling ₹4.67 lakh crore. Shift towards debt, influenced by market performance, particularly in fixed-income, reflects security-focused investment decisions amidst changing yield dynamics and retirement strategies.
How to make budget-friendly retirement planning with the help of mutual funds and insurance
Retirement planning is essential for securing financial stability in later years. Mutual Funds offer growth potential through diverse investment options, while insurance provides protection against unforeseen risks. Combining both optimizes retirement planning, balancing growth with risk mitigation. Assess needs, set goals, invest regularly, diversify, and protect loved ones with insurance.
I want to build a retirement corpus of Rs 12 crore in seven years. Where should I invest?
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Low charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning
The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
Saving for multiple goals? Use current rally to get rid of underperformers
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
It's never too late! Here's how you can plan your retirement even in 40s
Start retirement planning in your 40s with a focus on the asset mix, goal corpus, and expenses. Chirag Muni advises on disciplined steps, insurance coverage, and regular portfolio reviews for a secure post-retirement income.
How to stay on course for your financial goals
Mitali has been working part-time so far, but has now completed a certification program and is ready to pay greater attention to her career. This will help her contribute more to the family’s income. Despite their financial planning, the Guptas find that they are often unable to meet their immediate aspirations. They are now wondering if their long-term and important goals will also be at risk.
ET Mutual Funds Explains: The ABCD of systematic withdrawal plan (SWP)
This method is usually helpful for retired people. After retirement, when a person has a fixed corpus / invested amount, he/she needs regular money when the other income or salary is not available.
Retirement planning: Where to invest to create retirement corpus of Rs 6 crore in 20 years
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Retirement planning: Where should I invest to create a retirement corpus of Rs 10 crore in seven years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Retirement planning: What is the 4% rule for retirement withdrawals?
Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income while also preserving an ample amount of funds for the future. Adhering to the 4% withdrawal guideline can notably diminish the possibility of depleting one's savings prematurely, thus increasing the chances of financial stability throughout retirement.
'Sequence of returns’ risk can wreck your retirement planning: How to protect retirement corpus from it
'Sequence of returns’ risk is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to sequence of returns risk. Find out how to protect your nest egg from negative returns in the years before or after you quit work.
Where to invest Rs 40 lakh to get regular income
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