Retirement

“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 … Retirement planning – How much is enough? Read More »

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 … How to invest after retirement? Read More »

“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 … How to become financially free? Read More »

Not having to worry about money is almost like not having to worry about dying ~Mario Puzo Retirement is that phase of life which appears so far off in future that most people tend to almost ignore it. People make plans for immediate need like kid’s education and often ignore retirement planning. Earlier, people in … Retirement planning – NPS or EPF? Read More »

“Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.” — Charlie Munger Having 1 crore rupee (10 million for those outside India) is a nice sum of money. It embeds a sense of security in our … How much to invest to create 1 crore corpus? Read More »

Man is born free but everywhere he is in chains – Jean-Jacques Rousseau  Confucious advised to choose a job you love and then you will never have to work a day in life. Quite true! Sadly, reality is always a bit different. Most people I meet feel stuck in a job. Ideally they would like … Financial freedom – Are you ready? Read More »

I know of a case where a person who was a diligent investor died and his family was totally in the dark about his investments. It was harried few months for the worried family to find all info on his investments. He not only made a mistake in keeping all his investments to himself but … Don’t forget to appoint a nominee Read More »

And in the end, it’s not the years in your life that count. It’s the life in your years. – Abraham Lincoln The world is becoming an increasingly old. Life expectancy has been increasing. As a result, many people find themselves not fully prepared for a long retired life. Preparation for retirement should ideally be … How much it will cost to retire comfortably? Read More »