After a long delay, government has clarified on this new tax saving scheme. Rajiv Gandhi Equity Savings Scheme (RGESS) is introduced to encourage small investors to channelize their savings into domestic capital markets. The scheme has been framed consequent to the introduction of Section 80-CCG in the Finance Act 2012. Under this scheme, a […]
Investing
Do you have a reliable, trustworthy and knowledgeable financial planner?
Do you have a reliable, trustworthy and knowledgeable financial planner? Many times I wonder why people make so much chaos with their personal finances. Individuals give so much importance to their house interiors, tasty meal and attractive clothing but are found to be really very bad in their money management skills. I will […]
Life insurance aka Love Insurance – True expression of love
When it comes to love, each couple has their own special ways to show how they love each other. However, one universal way couples show love to one another is by taking care of each other. But what would happen if one of them were to die unexpectedly, could they still show their love by […]
Financial Independence versus Financial Freedom
Financial Independence versus Financial Freedom have slight difference. Let us try to understand these two terms and their significance. Financial Independence = Zero-debt + Adequate Emergency Funds + Adequate Health Insurance Cover + Income excluding Salary and Investments >= Average Monthly Expenses So, when you’re financially independent, you don’t owe a penny to anyone and you’ve […]
Tax planning, a puzzle for you? Not anymore.
Planning for taxes is a priority for all of us. But instead of planning for taxes, it’s ideal to have a financial plan which can be aligned with the tax planning. Remember, our life cover and investments should not be determined only by tax planning. AssuredGain expert will guide you for the right tax planning […]
Retirement Planning india for 50+
My Naveen asked me the other day- ” I am 52, should I start retirement planning now ? Am I late starter?” The question prompted me to think on how to do retirement planning for late starters but before we go there, is 52 late in starting? Given all the basics of personal finance like […]