It is important to talk to kids about money issues in a way that it does not cause anxiety and provides the skills to deal with crises as adults. If you are struggling on how to tell your children about your current financial problems, here's help.
For retirement, the couple has estimated a need of Rs 4.6 crore in 12 years and can assign their EPF, NPS, stocks and mutual funds. Their other goals include building an emergency corpus, taking a vacation and saving for their son’s wedding.
A stress test involves subjecting investments to a specific risk to check how it is likely to impact returns. If you can measure the damage, you will know how to counter it during a crisis. Here are 6 stress tests to conduct in different scenarios.
A headstart in planning gives Pune-based Sadekars a long time horizon despite deferring some goals. Their goals include building an emergency corpus, saving for their future child's education and wedding, buying a car and building a retirement kitty.
Kolkata-based Sarkars will have to defer some of their goals and revamp the insurance portfolio. Their goals include building an emergency corpus, buying a car and a house, taking a vacation, saving for the child’s education, wedding, and retirement.
Nearly 66% of all civil cases are related to land or property disputes, while 25% of all cases decided by the SC involve land disputes. So, if you buy a house for the kids, but die intestate, the property may create differences among siblings.
Here is a list of four tier-II cities along with a comparison of cost of living and other qualitative parameters. They have the potential of becoming the next metro cities. Some of these cities also come under government's 'smart cities' initiative.
Apart from the four metros - Delhi, Mumbai, Kolkata and Chennai, India has four 'new' metros. These cities are providing a better quality of life, job opportunities and lower cost of living. Read on to know what it costs to live in these cities.
If the pollution and stress of a metro city are getting to you, consider the following tier 2 cities.
Saket Mehrotra is a 26 year-old CA from Kolkata. His goals include building emergency corpus, buying a car and house, taking an annual vacation, saving for his future child’s education and wedding, own retirement. Here's what the financial planner recommends.
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