KNOW ALL ABOUT : retirement
Retirement cannot be wished away and everyone will stop working one day. The pay cheques will stop coming, but your living expenses won't end but keep rising due to inflation. Worse, some of the more critical expenses like healthcare will be growing faster than the overall inflation. The sooner you start saving for that phase of life, the more comfortable your retirement will be. Read ET articles on retirement planning here.
NPS adds 1.03 lakh subscribers in Apr-Jun quarter
"During this pandemic, a growing realisation for both corporates and individuals has emerged that retirement planning is not a mere...
How to use MS Excel's Data Table to calculate efficiently
To perform tabular investment-related calculations one can use MS Excel’s Data Table. It helps to create one-dimensional as...
Use this Excel tool to solve complex personal finance calculations
MS Excel's Solver is an optimisation tool that aims to calculate the value of a variable while incorporating changes in the multiple variables of a financial equation. This also includes any user-defined constraints or conditions.
What should be rate of withdrawal from savings to meet expenses after retirement?
Even for people who have reasonable savings, the main problem in retirement planning in India is to compensate for inflation. Over the average 25-year period during which a retiree needs income, one can expect prices to rise by about five times.
Money may be enough if you do this in retirement
The biggest worry of people is how to make money last in their retirement. With the Covid pandemic led recession looming, the future looks dark. However, there are three things a retiree can do to simplify his/her retirement.
No pension fund has made investments in bonds rated below AA: Supratim Bandyopadhyay, PFRDA
Most pension fund managers follow their own investment guidelines which are stricter than what PFRDA has laid down, says PFRDA Chairman, Supratim Bandyopadhyay.
Your money goals impacted due to Covid? Here’s a roadmap to get you to financial safety
Salary cuts, job losses are forcing many Indians to rethink their financial goals.
Retirement planning: 4-step plan to create an alternate support model in old age
The joint family is broken. But we can use our personal finances to create an alternate support model that is our own. Here is a list of resolutions I made, based on my interactions and observations at the assisted living facility.
How to plan for a financial goal using mutual funds
There are many distributor and aggregator portals that suggest specific investment plans to support a particular goal after basic information is keyed in. Investors can consider these options to make goal-based investments.
7 financial planning myths you shouldn't believe
The spread of financial literacy has made lay investors savvier than before. But some misplaced beliefs persist.
Is Rs 3 crore enough for retirement? Find out here
Wealth is considered so important that wealth creators are anxious about their financial future, a study by Standard Chartered found. The study revealed that 64% of the affluent group say they worry so much about money that it affects their health.
For millennial parents, concern for kids' financial future key trigger to buying term insurance: Survey
The survey found that as compared to the national average of 47%, awareness of term products is a comparatively higher at 50% among millennials parents.
The 3 main challenges in retirement planning and how to overcome them
The real problems in retirement planning are not about the corpus. If we have an aggressive saving habit and have enough income to not touch it while working, we are all likely to retire with enough wealth.
Will you have enough money when you retire? Your 40s is the time to ask this question
If the home you live in and PF & tax saving investments are your only assets, you may not be doing enough.
Millennials, this is the only way to deal with future monetary uncertainties
The primary marker for the millennials are that they are not in the formal workforce by choice.