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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 …
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 …
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 …
When NPS participants retire, they are required to invest 40% of their maturity corpus in an annuity that provides a lifetime pension. For many investors, this is the deciding factor that keeps some retail investors away from the NPS. That’s because annuity rates are low, and most individuals believe they can make higher returns by investing …
Most investors, particularly salaried persons, are split on whether they should invest in mutual funds or the National Pension Scheme (NPS). People may favor pension plans because of the significant tax benefits they provide over mutual funds. The option to withdraw the 60% lump-sum amount in instalments upon retirement strengthens their argument even further. I’m assuming you know …
We must be precise in our retirement planning since one may be unable to return to job throughout their retirement years, and it may be far too late to fully recover from the risks of a low retirement corpus.The three most important things to consider when building your retirement corpus are inflation-adjusted retirement costs, projected …
First, let us try to understand what ‘SWP’ is. SWP stands for Systematic Withdrawal Plan, which is a means of redeeming your mutual fund holdings. You provide the mutual fund (in which you have invested) a standing order to redeem a specific amount from the fund on a regular basis. The frequency is normally monthly, …
While most Indians are financially unprepared for retirement, many are unaware of the gravity of the situation. In a recent poll, just 20% of respondents said that real retirement planning should begin before the age of 30. On average, respondents surveyed were unable to visualize the retirement corpus that they would need at the time …
While the vast majority of Indians are monetarily unprepared for retirement, many are actually unaware of the gravity of the situation. According to a poll, just 20% of individuals believe that real retirement planning should begin before the age of 30, and many of them have no clue how much retirement corpus they would need when …