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Succession planning is not just a strategy for the rich, it is an essential part of financial and estate planning for everyone. Whether you have built wealth through a long career or have modest assets, planning your legacy ensures that your hard work benefits your loved ones. In this blogpost, we will see why succession …
Planning for retirement can sometimes feel as daunting as training for a marathon or tackling a massive home cleanup before a big event. Along the way, you’re bound to encounter retirement challenges that slow you down or throw you off track. Some of these hurdles are real obstacles, like an unexpected financial setback, while others …
Planning for retirement is not something you should put off until later in life. With life expectancy on the rise, experts now predict that in India, people could live from the current average of 72 years to as much as 82 years or more by the end of this century, you might find yourself living …
The current turmoil at New India Cooperative Bank has sent shock waves through India’s banking community, especially affecting many rural and semi-urban depositors who rely on cooperative banks. In recent developments, the Reserve Bank of India (RBI) has stepped in with strict measures aimed at stabilizing the bank’s operations. These actions have raised serious questions …
When a baby is born, it marks not just a joyful beginning but also the ideal time to start planning for their future. A child’s financial journey should begin early, even before they take their first steps or say their first words. Despite the added expenses of raising a newborn, this is a crucial moment …
A reverse mortgage is often promoted as a useful financial solution for senior citizens who own their homes. However, it is frequently observed that this option is not widely embraced by retirees. A range of cultural, legal, and practical factors has been identified as limiting its popularity. The reverse mortgage process is explained in this …
In recent years, concerns over the mis-selling of financial products have intensified, with Unit-Linked Insurance Plans (ULIPs) emerging as a prime example of this phenomenon. Financial institutions, particularly banks, have been known to market ULIPs in ways that often mislead customers regarding their true benefits and suitability. The practice of mis-selling—selling a product that does …
Gifts are a beautiful way to show love, celebrate milestones, or simply remind someone they matter. While chocolates, toys, clothes, sweets or gadgets bring smiles, they often fade, break, or lose value over time. But what if you could give a gift that grows in value, teaches lifelong skills, and secures a loved one’s future? Gifting …
Before we dive into the nitty-gritty of borrowing money, let me make one thing clear: I am not an advocate for taking on debt. In fact, I firmly believe in the saying, “The borrower is a slave to the lender.” However, life sometimes throws unexpected challenges our way, and in certain situations, borrowing money might …
The digital transformation of our world has been truly remarkable, especially with the rise of cyber fraud in parallel to it. Since the demonetization drive in 2016 and the acceleration caused by the COVID-19 pandemic, digital transactions have become an essential part of our daily lives. From purchasing train tickets to paying for groceries or …