As you are aware that the Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed, inflation-linked pensions to subscribers. As of now, the scheme is meant only for 23 lakh central government employees and the state government employees are permitted to opt for them. Wealth … Read more
Khare initially connected with a Mumbai-based financial planner who was also a mother to an autistic child. This introduction to full-scale financial planning was a revelation, but the distance proved impractical. Read this | How this Mumbai couple rebuilt their finances after going bust “I needed an advisor I could meet in person when I … Read more
As you move through the various stages of life, your financial needs, goals, and risk tolerance naturally change—just like the terrain you’re driving through. What worked for you in your 20s might not be the best approach in your 50s. That’s where life cycle investing comes in. It’s a strategy that adapts your asset allocation … Read more
Tired of your 9-to-5 job and want to rather sprawl cross-legged near a beach while hearing the rumble of sea waves crashing into the shores? This may sound too tempting, albeit unrealistic, however a number of young people are working tirelessly to make this goal a reality in pursuit of what is known as Financial … Read more
The budget has brought in some major changes in taxation which would impact individuals. People may make some knee-jerk decisions as a quick reaction to the tax announcements and this article tends to suggest the do’s and don’ts to help people to avoid unwise actions. Before even getting into any specifics, regardless of changes in … Read more
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more
Being a millennial with student loans and new careers can be overwhelming. However, by making strategic financial decisions, you can secure your future. This guide offers essential tips to help millennials manage their money wisely and achieve long-term financial goals. Gain financial literacy: Financial literacy is crucial for solid financial planning. It provides the knowledge … Read more
Ageas Federal Life Insurance recently introduced its latest product: Ageas Federal Life Insurance Golden Years Pension Plan featuring the Bluechip Pension Fund. This plan provides a complete solution to safeguard policyholders’ financial futures, ensuring that their retirement years are not only secure but enjoyable as well. Firstly, it operates as a Unit Linked Individual Pension … Read more
Famed English actor Michael Caine once said, “Save your money. You are going to need twice as much money in your old age as you think.” Given that the thespian is now 91 years old, he likely has valuable insights into retirement and old age. Planning for retirement is one of the most important financial … Read more
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the … Read more