Financial Planning in the 30s sets Strong base for a Solid Financial Life later

In your 20s, life is actually not too burdened with responsibilities and other complexities that come later. You have started earning (well), have very few burdens and responsibilities and are full of energy. It's when you cross from the 20s…

Do HNIs (High Networth Individuals) need Financial Planning?

HNIs or High Networth Individuals are smart people. They have wealth. More importantly, they know how to make more money from their business and other income sources. But that’s not all. They also understand that they need to generate more…

SCSS Vs. PMVVY: Which is Better (2022)?

Senior Citizen Savings Scheme (SCSS) Or Pradhan Mantri Vaya Vandana Yojana (PMVVY). These are two popular investment options available for senior citizens of India in 2022. While SCSS has been in existence for several years now, the other one PMVVY…

How much monthly interest can I get for Rs 5 crore in fixed deposit (2022)?

So ow much is Rs 5 Crore FD Interest per Month (2022)? Sometime back, I wrote about How much is Rs 1 crore and Rs 2 crore FD monthly interest. Many readers mailed asking that they were conservative and risk-averse…

Difference between NPS Active & Auto Choice (Updated 2022)

As you already know, the National Pension System or NPS is designed to save for retirement by making a contribution during the work life. Though most people still don’t give retirement planning the importance it deserves (read why?), the government…

NPS Exit & Withdrawal Rules & Taxation (Latest 2022 Update)

The National Pension System (or NPS) is a retirement savings product that allows investors to invest in equity and debt as a means for proper retirement planning. And it is aimed at providing a pension at the time of retirement…

Why Fee Only Financial Planner is Best For You?

Till now, you have been getting the so-called free advice from your investment agents (more specifically MF distributors, insurance agents and IFAs). So why am I telling you that ‘Fee-Only Investment Advisor’ or ‘Fee-Only Financial Planner’ better for you? Because,…

Income Tax on Life Insurance Premiums & Maturity in India (Updated 2022) – All you need to Know

The real purpose of purchasing life insurance is to avoid tragic stories like this. But many still wrongly feel, that life insurance is a waste of money. But luckily and thanks to our government’s tax-saving policies, they still end up…

NPS Rs 50,000 per year – Retirement Corpus & Pension Calculation (2022)

Even though NPS is a product designed exclusively for retirement planning, what attracts most people to NPS is Rs 50,000 extra tax benefit it offers via deduction. As per the current tax rules (2019-20), there is an additional Rs 50,000…