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Retirement should be a time of relaxation and enjoying the fruits of years of hard work. However, once you have built up a good retirement corpus, the challenge shifts to managing that money so it lasts as long as you do. A smart way to do this is by using a bucketing strategy. This strategy …
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 …
When planning for retirement, people often focus on equity investments for their potential to deliver high returns. But there’s another crucial piece of the puzzle—debt assets. These instruments provide stability, reduce risk, and ensure a more balanced and secure financial future. Incorporating debt assets into your retirement strategy is like laying a strong foundation for …
Retirement is a significant milestone, marking the end of your professional journey and the beginning of a new phase of life. For many, it’s also a time of uncertainty, particularly when it comes to finances. The desire for a predictable income during retirement motivates people to save diligently during their working years. However, with increasing …
Everyone plans for the future, whether it’s for daily tasks or vacations. We even take time to organize our monthly or yearly budgets. However, many of us are less motivated when it comes to retirement planning. The importance of retirement planning is often overlooked, and we tend to delay it until later in life. Retirement …
Life rarely unfolds exactly as planned, but moving forward without a clear goal can lead to missed opportunities. As Benjamin Franklin famously said, “If you fail to plan, you are planning to fail.” This timeless advice is particularly relevant when it comes to saving and investing. Building wealth is not an instant process—it requires consistent …
A mutual fund’s systematic withdrawal plan (SWP) can provide consistent income while minimizing taxes. An SWP is the inverse of a systematic investment plan (which involves regular investments). One can take a certain amount annually from a mutual fund using an SWP. Any mutual fund scheme can have an SWP set up. However, if the …
The Indian government launched NPS Vatsalya, a new program within the National Pension System (NPS), to promote retirement savings. The NPS Vatsalya program is a big step toward protecting our youngest citizens’ financial future at a time when financial planning is more important than ever. With the help of this program, parents or guardians may …
Retirement planning for self-employed persons in India is an important but sometimes disregarded part of financial management. A recent poll found that 67% of Indians have a retirement strategy in place, up from 49% in 2020. It demonstrates how the Covid-19 outbreak has made individuals more conscious of the importance of saving actively for retirement. Self-employed …