Which tax regime should retirees go for?
Tax changes have become frequent. Here is how retirees can make things simpler for themselves!
Which tax regime should retirees go for? Read More »
retirement planning
Should you use balanced advantage funds for generating retirement income?
Balanced advantage funds for retirement income – will they do the job? Find out in this detailed analysis.
Should you use balanced advantage funds for generating retirement income? Read More »
Prime review: LIC’s New Jeevan Shanti
With the Budget plugging the tax break on guaranteed income plans from insurers, annuity plans are back in the picture as the go-to option for investors seeking guaranteed payouts after retirement. LIC has recently relaunched its popular deferred annuity plan as New Jeevan Shanti (Plan No. 858).
Let’s see how good the plan is and how it stands against competition in today’s Prime review.
Prime review: LIC’s New Jeevan Shanti Read More »
LIC’s New Pension Plus – can it replace NPS?
In September 2022, LIC launched a new pension product. LIC’s New Pension Plus – LIC’s NPP(plan number: 867) with features similar to NPS. In the case of NPS, the default retirement age is 60. But in the case of LIC’s NPP, you can choose the policy maturity age and this can be as early as 35. So, does the LIC’s NPP score over NPS? Let’s find out!
LIC’s New Pension Plus – can it replace NPS? Read More »
Employees’ Pension Scheme and the SC verdict – Your questions answered
A recent Supreme Court ruling about the Employees’ Pension Scheme has put personal finance writers in a tizzy. Most have tried to decipher the complicated ruling. Some have tried to tell eligible employees what they can still do to board the EPS bus if they’ve missed it so far. But after studying the ruling and its implications, we felt you needn’t worry over-much about the EPS if you have missed the bus. There are many other good pension options.
Employees’ Pension Scheme and the SC verdict – Your questions answered Read More »
“Retire Rich” by P V Subramanyam – A handbook for your golden years
World over, planning and investing for retirement in a disciplined fashion is not the norm. However, western countries have a healthy social security net that would keep people out of really bad situations, and many such countries would have state-sponsored health coverage that would take care of the inevitable big bills in old age.
India has neither, at least not in a manner that will cater to a middle-class life-style and care aspirations here. Hence, planning, saving, and investing for retirement becomes a must-do activity during the earning years of an individual in India.
P V Subramanyam’s book – “Retire Rich – Invest Rs 40 a day” was the first book on this topic. The original version was published in 2011 and sold more than 150,000 copies, and is now available in a new edition (since 2019).
“Retire Rich” by P V Subramanyam – A handbook for your golden years Read More »
