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 […]
retirement planning for seniors
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. […]
Innovative retirement planning for seniors – Reverse Mortgage
Life post retirement under old age can be very difficult and nightmarish without proper financial support. The situation arise due to lack of or improper retirement planning or failed expectations you had from your children regarding taking care of you and your spouse when needed the most. Lots of people don’t have the foresight […]
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 […]