Mon, Jan 01, 2024
When we start our career and have a low salary, the first excuse that we give for not saving money is how much impact will it have even if I save Rs 5,000 a month? But your little monthly savings can help you make a corpus of as much as Rs 1.76 crore. And that is just the beginning. If you increase your investment every year with a jump in your salary, the corpus can be many times greater. Know calculations here-
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Tue, Dec 26, 2023
Systematic Investment Plan (SIP) in mutual funds has become popular since it has given an average of 12 per cent returns in the last few years. If invested for a long time, you can accumulate huge wealth through SIP by investing little amount. SIP can be a popular tool in retirement planning too where long-term investment may not only help you build a strong corpus, but it may also give you an opportunity to have a Rs 2.60 lakh monthly income. It can be possible through Triple 5 formula. We will tell you how-
Fri, Dec 22, 2023
When we invest money, the first curiosity that we have is to know how much time it will take to get our money double. Though the growth of your money depends on a lot of factors, including the type of investment, whether it is market-linked or fixed, compounding, interest rates, etc., there is a formula to gauge the exact time. It is known as Formula 72. The formula also tells that in how much time the value of your money will become half after adjusting to the annual inflation rate.
Sun, Jul 30, 2023
Government-backed schemes like Employee Provident Fund (EPF) and Public Provident Fund (PPF) are preferred retirement plans for lakhs of salaried and self-employed professionals in India. But both these pension plans vary in terms of interest rates, taxation, and terms of withdrawal. In this video we talk about the featured and differences of both these plans and where should investors park their retirement funds.
Thu, Jun 15, 2023
NPS: Everyone wants his old age to pass comfortably without any financial troubles. For this, they make small and big investments, which provide them a big fund after retirement. If a good amount of money keeps coming in hand every month, then the tension of money will end in old age and life will pass comfortably. We are telling you four such guaranteed pension schemes.
Thu, May 25, 2023
There is 1 month left to apply for a higher pension under EPS. By June 26, 2023, salaried employees have to decide whether they want a higher pension than EPFO account or not. Is EPS a better way to get a higher pension and which is the option by which you can live a pension-free retirement life?
Sat, May 13, 2023
Receiving a bonus can be a really exciting experience, but instead of going overboard with frenzy and spending it all at once, you can make smart choices that can go a long way in improving your financial condition in the long run.
Wed, Feb 15, 2023
The government is about to take a big decision amid the tussle between new and old pension (OPS vs NPS). Officials associated with the case say that the government is preparing to make changes in the NPS to provide guaranteed pension to the employees after retirement. Moreover, SBI claims that OPS can prove fatal for the economy. The governments are considering an option to offer around 50% of the last pay drawn as guaranteed pension to Government employees under the National Pension System (NPS). Watch this special report on India 360.
Tue, Nov 22, 2022
What are the withdrawal rules under NPS? How to claim NPS amount? What is the claim process in NPS? Know answers to all these questions on Money Guru from Poonam Rungta, Certified Financial Planner and Certified Financial Planner, Pooja Bhinde.
Wed, Nov 09, 2022
Rs 50,000 income on retirement is correct as of today. By the age of 70, Rs 1 lakh/month income will be required. At 7% inflation rate, Rs 70,000 income will be needed for 65 years. Investing in debt is safe, not inflation-beating. Equity investment is good for 20 years post retirement. Put the amount deposited on retirement in equity along with debt: Hemant Rustagi, CEO, WiseInvest Pvt Ltd and Anil Chopra, Group Director, Financial Well-being, Bajaj Capital.
Thu, Sep 15, 2022
An important change has been made in the rules of National Pension Scheme (NPS). Now a separate form is not necessary for pension on retirement. Double form is not necessary to buy pension from deposit amount. Withdrawal form of NPS will be considered as proposal form. Pensioners can submit life certificate online. NPS has investment options in equity, corporate, debt, government bonds: Anil Chopra, Group Director-Financial Wellbeing, Bajaj Capital and Tanwir Alam, CEO, Fincart.
Tue, Sep 13, 2022
Old Pension Scheme Vs NPS: The old pension scheme was discontinued by the BJP-led NDA government in December 2003. The government had then launched the NPS as a substitute for the old pension scheme.
Wed, Aug 24, 2022
Select the right asset class in the accumulation stage. Avoid withdrawing retirement money at this stage. Create an emergency fund for essential expenses. Keep in mind inflation and tax efficiency in investments: Hemant Rustagi, CEO, Wiseinvest Advisors Pvt Ltd.
Wed, Aug 17, 2022
Paisa Wasool: Mutual Funds-SIP Returns Calculator: Here is how you can start from Rs 5k and get Rs 1.75 cr at the time of retirement - WATCH THIS VIDEO for FULL DETAILS
Tue, Jul 26, 2022
From mutual funds to monthly income plans to Gold, there are abundant options. One such option is investing the accumulated wealth into buying a second home.
Tue, Jun 07, 2022
At some point of time, we all worry about retirement that how our regular expenses will be met when we are not working. In such a situation, we need such an investment, which beats inflation and takes care of all our expenses and which also gives better post tax returns. For tension free pension, we have to adopt the right asset allocation strategy. Know 5 retirement benefits schemes from Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd on Money Guru.
Mon, May 23, 2022
Wealth Guide: "In an era when there are myriad investment avenues such as mutual funds, gold, ETFs, Debt Funds and what not, real estate remains a trusted and tested investment option."
Fri, Apr 29, 2022
At some point of time, we all worry about retirement that how our regular expenses will be met when we are not working. In such a situation, we need such an investment, which beats inflation and takes care of all our expenses and which also gives better post tax returns. For tension free pension, we have to adopt the right asset allocation strategy. For proper retirement planning, we can do 3 stage planning, which has different strategies for different ages. Such as accumulation for the age of 25 years, consolidation for the age of 45 years and distribution for the age of 60 years. Watch Money Guru for more details.
Wed, Apr 27, 2022
Start Investing with Rs 100 per month and get good return in Post office Recurring Deposit. The interest rates of RD depend on the tenure of the deposit. A three of five year RD will definitely fetch a higher interest rate. If you want Rs 20.85 lakh after 5 years at an interest rate of 6.8, the investment amount should be Rs 15 lakh over 5 years.
Wed, Apr 20, 2022
“As you near retirement, your ability to take risks will decrease, and so you would want to keep a large portion of your investments in low-risk debt funds and fixed deposits, where your money stays safe over time."
Thu, Apr 14, 2022
"Undoubtedly, it is easier to save for retirement when you are younger and have lesser responsibilities."
Mon, Mar 28, 2022
Retirement planning means preparing today for your future life so that you continue to meet all your goals and dreams independently. Here are some government pension plans to secure your future after the age of 60.
Mon, Feb 14, 2022
Post Office's Recurring Deposit (RD) is a good instrument for investment. You can invest minimum Rs 100 and there is no maximum limit. If you invest Rs 10,000 monthly for ten years, you will be able to get more than Rs 16 lakhs. Here's how.
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