Retirement planning is not confined to saving money only. It refers to the systematic approach that can build retirement corpus, which is sufficient to meet post-retirement financial obligations. Most individuals may involve in various saving schemes or insurance scheme or mutual funds to build a handsome retirement corpus, with the lump sum or regular income. However, most people find this process pretty daunting. Choosing the best
Investing in National pension scheme-Here is how to do it
NPS stands for National Pension Scheme introduced by the Indian Government. NPS is a retirement saving plan for an employee but built by both employer and employee. It is payable to the employee at the time of retirement. The main objective is to empower employees financially after retirement. This is applicable for central or state government officials or common citizens who are employed.
How To Withdraw Funds From NPS After Retirement
NPS is a defined retirement plan that needs to be financed till the age of 60 years. Once the subscriber attains the age of 60 years, he/she can apply for withdrawal. A few years back, you could not make a premature withdrawal. Thanks to recent reforms, NPS is offering partial withdrawal with specific terms.
You must be near to retirement; that’s why you landed
How can NPS help you save taxes
Admit it, we all opt for saving schemes to build retirement corpus with optimum tax benefits. Same applies to National Pension Scheme. When it comes to tax saving schemes, NPS always stand out with its exceptional tax benefits.
Today, we are going to review old and latest updates about NPS tax benefits. People frequently ask about tax treatment at maturity; we will touch this section too. In short, we will show how investment
National pension scheme: All you need to know
Today’s post covers everything about National Pension Scheme.With reducing government jobs and government of India slowly taking away pensions from various job categories planning your post-retirement pension has become imperative not just for private sector employees but also for PSUs and government employees. To cater to these requirements government of India through an act of parliament create a voluntary based contribution pension system called NPS (National Pension scheme). All government employees who joined
Looking to Save 1crore: Here is how you can do it
Becoming a crorepati in India or a Millionaire in the US has some kind of romance and enigma associated with it. From Bollywood movies to TV shows like Kaun Banega Crorepati being crorepati is associated with feelings like Oh yes I have arrived at a sense of entering the elite league. The league which smokes cigars drives convertibles on Marine drive and bets big on horse racing in Mahalakshmi grounds. With increasing incomes and increasing
Looking to withdraw EPF? Here is how to do it
Do you want to withdraw EPF balance? Because you just left the job. You must be concerned about slow and complicated processing of EPF withdrawal But don’t you worry! Thanks to the authorities, making the EPF withdrawal is convenient like never before! We will show you how to claim the EPF balance easily and quickly!
Why Should You Not Make EPF Withdrawal?
Although, you have come to seek help about EPF
Secure your daughter’s future with Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a most popular government scheme for the betterment of girl children in India. It was launched by Shri Narendra Modi (Indian Prime Minister) under the Beti Bachao, Beti Padhao campaign. Precisely, this scheme is an opportunity to save money for the betterment of girl child. The money saved through Sukanya Samriddhi Yojana will provide means for every girl to get higher education or wedding expenses. This scheme is a
SIP or Lumpsum Investments. Which is better?
What is SIP :
SIP stands for Systematic Investment plan. SIP is nothing but a periodic way of investing in mutual funds instead of investing everything in one go or lump sum as it is commonly called.
One of the most important questions I get from friends, clients, and bodhik users is a variant of the following
I have Rs X now to invest should I make a lump sum investment or invest using a SIP?
While my intuitive
Confused on which mutual funds to invest in ? Here is your Step by Step guide to chose Mutual Funds in India
There are around 1500+ mutual funds and about 15+ different types of funds available in Indian market today and the list keeps on increasing every day with new schemes getting launched and new players entering the market, Currently, India has about 44 different fund houses offering different types of mutual funds. With so many options it has become increasingly difficult for retail investors to chose the right fund.
In last few years,some of the influential rating agencies