In the last two blogs, we understood 1) how to calculate the required retirement corpus? 2) How to achieve the retirement corpus. Now this blog will talk about how to make the retirement corpus work for us. It is important to have a clear idea on how the retirement corpus will work for us. The…
Well in the previous blog, we talked about how to calculate the required retirement corpus. Now we shall look at some tips and tricks in achieving the target retirement corpus. They key is to understand the asset allocation which would help us in achieving the target retirement corpus. The following important points have to be…
This is a question many of us ask each other – What is the ideal retirement savings target? What is the retirement corpus I need for retirement? What factors goes into trying to come up with that magic number? To identify the many factors, let us look by dividing the life into two phases 1)…
This blog is to explain at a very high level, how a financial plan is created. The steps involved and the analysis required at a high level in creating a financial plan. There is a lot of risk involved in the DIY Financial Plan, I believe the benefits to a larger crowd outweighs the risk…
This is a question I asked a few folks when I started investing. And this is also a question which to this day, continues to be asked. How many mutual funds should I invest in? I consider the below factors to arrive at a number. As you would have guessed, this is a pretty subjective…
One big worry, I have heard from many retirees are the surprise cashflow needs life throws at them (and they dont have a salary). The conversation made sense to me – I dont have my regular cashflow in terms of salary, but I can get the same surprise needs for which I never planned for…
Mutual funds are lovely financial instruments and there is no doubt in their effectiveness overall. But are they instruments which you can invest in and then completely forget about it? This blog looks at the past 10 year returns of all the Large cap mutual funds (having a track record of 10 years) and see…
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…
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…
