An early retirement is a dream for many in the urban working population. But it is not so simple. There are living and medical costs to be considered for a retired life, and not just for you but for your family as well. And then the big question: how would you spend your time?
Planning for your kid’s higher education is no child’s play. Bear in mind the inflation rate at which today’s course fees will expand, be disciplined, and assume conservative returns. Whatever you do, do not dip in your own retirement corpus.
Some of the common mistakes while writing the Will include writing it in vague language which is difficult for beneficiaries to understand, not signing the Will in the presence of witnesses, appointing a beneficiary as a witness and not registering the Will to make it authentic.
In case of emergencies, people can provide a helping hand more easily than an AI bot. Financial advisors can guide you at every hour of the day, so leave your financial problems to them rather than a chatbot.
Whether it is to pay off the high-interest debts or the smaller and more manageable ones first, it is important to keep the strategy simple, not lose momentum, and maintain financial discipline.
Financial fitness is a long-term journey that involves six pillars: goal planning, budgeting and taxation, loan management, risk (insurance planning), investments, and estate planning.
From navigating investments, student loans and scholarships, there are various ways to bring the costs down.
Do not upgrade or switch to a new card only for better offers and rewards. Also consider applicable fees and charges, impact on your credit utilisation ratio and spending habits.
From applying for higher pension on your salary to filing income tax returns for FY23 to facing consequences for not linking your PAN with your Aadhaar. Here’s what to watch out for
Everyone has Google on their phones, computers, desktops and laptops. And it flashes information in a matter of seconds. But there is a difference between a ‘search’ and ‘research’. Google is a treasure trove of information. But who decides if the information is in your best interests?
A rising credit quality index indicates that companies are more likely to service their loans on time. This means investors can expect attractive yields at lower risk. However, tread carefully when it comes to credit risk funds.