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Source: Live Mint Those who paid attention in probability class already know the answer. The potential outcomes are $1, $2, $3, $4, $5 or $6, each of which has a one-in-six chance of coming up. Your expected winnings are the sum of each result multiplied by its odds of occurring. Add it all up and…
Source: Live Mint National pension system (NPS) and employee provident fund (EPF) are two key retirement schemes in India. While anyone can open an NPS account, one has to be in a full-time job to contribute to EPF. Some employers now provide both, allowing employees to boost their retirement corpus while enjoying tax perks. But…
Source: Live Mint Financial investment planning is vital for all young and old couples. This Valentine’s Day, you can reassess our investment journey by exploring the investment opportunities that you have. The young couples can choose the following investment options to meet their needs for accessibility along with a preference for both long-term growth potential….
Source: Live Mint FIRE (financial independence, retire early) has engulfed social media platforms. Individuals as young as 30 now want to retire by 40. Retiring at 40 implies that one’s standard of living will not increase post-retirement and that their investments will suffice for all emergencies and expenses for the next 40 to 50 years….
Source: Live Mint I am 40 years old and recently received a ₹50 lakh windfall. My current portfolio is heavily weighted towards equity mutual funds (60%), with the rest in gold and fixed deposits. Since I already have significant exposure to equities, should I consider investing this windfall in real estate with a 15-year horizon,…
Source: Live Mint The Senior Citizens Savings Scheme (SCSS) is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. With guaranteed returns, tax benefits, and a straightforward process, it is one of the most reliable financial tools available for retired individuals in India. This scheme is available through…
Source: Live Mint When the new income tax regime was introduced in 2021, people were taken aback by the lack of most deductions. However, the simplified tax regime made a lot of sense. Gone was the hassle of tracking investments, loans, or charitable contributions. Instead, taxpayers pooled their income, calculated tax liabilities, and filed returns…
Source: Live Mint Although Indians are increasingly adopting financial assets like stocks and mutual funds, they still have to go a long way in terms of prudent retirement planning, believes Sriram Iyer, the chief executive of HDFC Pension Management. Speaking at the 17th edition of Mint Annual BFSI Summit on Friday, he said that while…
Source: Live Mint Retirement is a phase we all face, especially for salaried professionals. It’s a period when regular income from work stops, but expenses—monthly bills, healthcare, and leisure—continue. The key to enjoying a financially secure retirement lies in the preparation you do during your working years. By saving and investing wisely, you can build…
Source: Live Mint The National Pension System (NPS) is a retirement savings scheme that is mandatory for government employees and optional for those in the private sector. It also offers tax benefits of up to ₹2 lakh under section 80CCD(1) and 80CCD (1B) of the Income Tax Act, 1961. One has to be a resident…
