A Goals and retirement calculator using excel which helps you to plan your goals and retirement. Meanwhile, this calculator is being enhanced right now. NOTE – Remember this calculator excludes health insurance and medical costs. Remember these two things, Good corpus separately for medical emergencies Good cover of medical insurance Firstly, the entire basic goals…
The industry advertises so much about Systematic Investment Plan, there is almost no one who advises people on what happens when you want to withdraw your investment for a goal. This is where Systematic Withdrawal Plan is very important. Just like investing fully in a bulk is a bit risky, withdrawing in bulk also is…
There are a good number of tax saving tips and tricks. While tax saving is good, its a means to the end. The end here refers to our life goals. Before you look at the tax saving tips and tricks, please read up this blog about tax saving. We should match your life goals with…
Basic personal thumb rule Pick the funds based on the goals for which I am investing and take risks appropriately. The below thumb rules help you create an active mutual fund portfolio. < 5 years – Avoid if you can. (5-10% maximum in Large cap, if the goal is not top priority) 5-7 Years …
Now you sold your old flat and you are then told that there is a LTCG Tax (Long term capital gain tax) which you have to pay, which is 10% of the gains you made. This is heart breaking, isn’t it? Well, there is a nice legal way to work around this instead of paying…
Many a times when I have money to invest, I end up worrying if the markets are too high | interest rates too low to invest. This leads to the usual “Analysis paralysis” state where I do nothing but sit with the money in the bank account. Two ways to go about this, one is…
First, it is important to understand that retirees invest in Annuity products to increase their human capital. The Insurance providers are providing so many new options these days around Annuity Products, it is impossible to discuss all options! Secondly, annuities have the unique advantage of having generally no upper limit of investment. So theoretically, if…
We all hate losses in investments, all of us know it and feel it. But do you know that the sadness from losses is far powerful and emotional than the happiness you get from profits 🙂 Because of this, Loss Aversion is such a powerful emotion which we humans love to avoid. This is the…
The way retirement planning works is pretty simple. Identify needs and goals, identify the mix of asset class that satisfies the goal, execute the plan and review the plan frequently. But the key is to balance Equity Percentage in Portfolio so that risks are not too high or too low. Equity is one financial instrument that…
We already saw in the article here, how our financial super power (“Patience”) affects the investment. Now let us look at another big financial trick which if applied rightly along with “Patience”, would reap you great rewards. This trick is called “Step up investments”. “Step-up investments” – what does this mean? Every year most employees…
