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Create Regular Retirement Income With SWPsGet Regular Retirement Income With SWPsYou have saved diligently for your retirement, especially to have regular income in retirement. But you still need to ensure that your retirement savings get channelised into regular retirement income. To do this smartl...
You have saved diligently for your child’s higher education. But there’s still the major task of meeting various expenses related to child’s college or university expenses.Lump sum and regular expenses In case of child’s higher education, one category of expenses is lump sum expenses th...
Here is some good news. Employees’ Provident Fund Organization (EPFO) that manages Employee’s Provident Fund (EPF) has reduced the time taken for withdrawal to just 10 days. This is half of the current norm of 20 days. The EPFO has also informed that an Online Claim Settlement Facility has been ...
National Pension Scheme (NPS) has always appealed to people who are in the know of it because of its simplicity, flexibility and transparency. To this, one can add the fact that you get to invest in higher growth investment options such as equities which allow you to save more for retirement. Howeve...
There is good news for private sector employees retiring from their jobs soon. The maximum amount of tax free gratuity under the Payment Of Gratuity Act (1972) has been raised from Rs 10 lakh to Rs 20 lakh. This effectively means that in the initial retirement period, a person can now start with a m...
When it comes to saving for your child’s future, especially higher education, most financial experts will strongly recommend mutual fund investments, especially equity mutual funds. Over a period of time, especially with your pay hikes, they will suggest to you to invest in other equity funds besi...
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