“You can be young without money, but you can’t be old without it.” – Tennessee Williams. Key takeaways: Retirement shouldn’t mean an inactive life. It should also not mean no income at all. Ideally, it should lead to you doing something more meaningful that inspires you. Prior to retirement, it is essential to be debt …
“In this world, nothing can be said to be certain except death and taxes” – Benjamin Franklin While taxes are certain, there are legitimate ways to reduce taxes. I firmly believe that as responsible citizen, I must pay a fair share of taxes. However, I also believe that we owe it to our family that …
Summary: Life expectancy is rising and interest rates are falling. In such an environment, prudent investment is needed for recently retired person. Depending on whether you are depending on pension or investment income for post-retirement expenses, different investment plans should be designed. As interest rates are falling, it is very important to include equity mutual …
“If you never try, you will never know.” – Unknown Key takeaways: With falling fixed deposit interest rate, it is time to look at other options that can deliver better post-tax return. Debt mutual funds can be a good alternative to fixed deposit. It is more tax efficient and offers a lot of flexibility. …
Summary: Tax is deducted at source for NRI investments (banks, mutual funds). Normally the tax is deducted at a high rate. Many NRIs are unaware of this. As they are not necessarily required to file tax in India, they end up giving up the taxes that have already been deducted at source. NRIs can file …
“Failing to plan is planning to fail.” – Benjamin Franklin Summary: Rising cost of education means we must plan to meet the expenses for our child’s education. The first step is to fix the financial goal. We must ascertain how much money we will need and when will we need it. We can then calculate …
It’s a job that’s never started that takes the longest to finish.” – J. R. R. Tolkien Summary: Beware of the changes taking place. High life expectancy, higher job uncertainty and absence of guaranteed inflation-linked pension puts the onus of secure financial future on you. Your actions today can be the difference between a comfortable financial life …
“Financial freedom is freedom from fear.” – Robert Kiyosaki Path to financial freedom: Financial freedom should be the ultimate aim of our life as it gives the freedom to choose what to do, when to do and how to do. Financial freedom requires careful planning, unflinching discipline to stick to the plan and enormous patience …
“There is nothing more deceptive than an obvious fact.” ―Arthur Conan Doyle In the latest budget, Finance Minister Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. After the imposition of LTCG tax, there was lot of confusion and discussion. I tried to introduce the concept of LTCG tax on equities …
“In this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin In the latest budget, Finance Minister Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. For some time now, It was widely rumoured that such a tax will come into effect. So, when …
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