Today’s newspaper carried a nice attractive advertisement about Bajaj Allianz Life Guaranteed Pension Goal. The eye-catching word guaranteed pension goal is a trap to fool individuals to buy a product that gives a very low return. This policy is also a Non-Linked, Non- Participating, Deferred & Immediate Annuity plan which means there will not be […]
Financial Planning
PMVVY(Pradhan Mantri Vaya Vandana Yojana) 2020 VS SCSS (Senior Citizens Savings Scheme) VS GOI (Government of India Bond) – Which is the best?
Senior citizen are confused in choosing right saving plan given PMVVY/SCSS/GOI bond giving almost similar return. Let’s decode each of these to help you in choosing right saving plan. PMVVY SCSS GOI Yearly returns 7.66% 7.4% 7.75% Total term 10 years 5 years 7 years Rate Fixed or Revised Fixed Revised Fixed NRI/HUF Not […]
Are you a Ant or Grasshopper
Remember the story of the ant and the grasshopper? The ant worked hard all summer, gathering wheat grains to store for winter. And the grasshopper? He just hopped around, enjoying the sunshine and laughing at that sweaty ant. Well, once winter hit, the grasshopper wasn’t laughing, but was cold and miserable and hungry. And the […]
Delays are costly in retirement planning
Whether or not you make other New Year resolutions, here is one you should make. Don’t postpone savings or investments. The new urban lifestyle has made people more prone to spending than to saving or investing. With India Inc prospering and young professionals getting handsome packages, people today are financially independent at a younger age. […]
New survey shows Families Need Financial Planning Help
New survey shows Families Need Financial Planning Help A recent study showed that 85% of families with children have no financial plan. I strongly feel that the majority of the other 15% don’t have a financial plan either – at least not one that truly reflects their desired financial path through life. I define financial […]
10 Financial resolutions for the new year 2013
1. Spend less – Keep a check on your spending. It sounds simplistic, but many people struggle with this first basic rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and […]