In the last blog, we looked at how to use “deductible” effectively to reduce the insurance premium. Here we are going to look at the difference between Topup and Super topup. The purpose of these health plans is the same. Avail higher coverage while keeping the premium costs lower. First, how do these health plans…
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…
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…
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…
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…
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…
Sovereign Gold Bond (SGB) is a nice way to invest in gold for long term over physical gold. Remember physical gold has wear and tear over a long period of time, but not SGB! Firstly, it is possible to invest in a minors name. And a family can invest upto 4Kg per member. The lock-in…
Come new year, large portion of the emails/phone calls we get are from banks/financial institutions. They will have a common theme of “Saving taxes” for you at the last minute. And this is when maximum mis-selling of financial products happen as well. You enter into a ULIP which sucks money out of you (please read…
