The National Pension System (NPS) is a unique pension plan backed by the Government of India, which provides both equity and debt exposure in single investment. It provides an attractive long-term saving alternative with a secure and regulated market-based return for correctly planning your retirement. The Pension Fund Regulatory and Development Authority (PFRDA) regulates it, and […]
You are browsing archives for
Category: Retirement Planning
Are you trapped in “guaranteed pension for life”?
Many investors tend to get a pension plan from an insurance company for converting their nest eggs into regular income for their sunset years. Some would be thinking to buy a pension plan for their retirement years. Unfortunately, they prey to fall into the trap of the “guaranteed pension for life” without realising that these […]
Investment Key for your Retirement Kitty
With the dismantling of the joint family system, rapid urbanization, the concept of nuclear families and children opting to stay separately, people have started recognizing of the need to prepare for their retirement kitty while they are still working and earning. Unfortunately, majority of people start thinking about their retirement planning only when they cross […]
Atal Pension Yojana is not looking a good bet!
Atal Pension Yojana (APY) has proposed in Budget 2015-16, which is primarily opened to all workers who have been working in unorganized sectors to voluntarily save for their retirement. Though the Government had started the Swavalamban Scheme in 2010-11 which is inadequate mainly due to lack of guaranteed pension benefits at the age of 60 […]
NPS is still Tax Inefficient and flawed product!
The National Pension Scheme (NPS) was launched in 2004, as a pure-defined contribution product based pension system, which seems still confused about its design, marketing and taxation even after eleven years since its launch. The scheme has failed to nudge people into long-term savings that might provide a comfortable retirement income due to its cumbersome […]
Demystify your monthly Contribution go into EPF!
The employee provident fund (EPF) is well renowned fund created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labour and Employment Ministry for social security of all private salaried employees to provide financial support to them above a certain age, such as post retirement age. […]
Is recent hike in EPF limit enough for retirement?
Unlike US countries, India has not basic government pension schemes or old age doles that could provide some social and financial security to retired people in their sunset years. That’s why, Indian government has given some respite to build your some retirement corpus through mandatory retirement schemes such as the Employees’ Provident Fund (EPF) and […]
Do you need Life Insurance after Retirement?
We must be aware the primary reason to get own life insurance is meant to replacement of one’s income and financial security for the financial dependents to survive on. This means life insurance is not only a covering of family’s running expenses, but also secures our future financial goals, such as children’s higher education and […]