The rates are falling everywhere (except the US) and so EPFO also finalized the interest rate to 8.65% pa for 2016-17. This is a fall of 15 bps (1%=100 basis points) as earlier it was an 8.8%. The EPFO (Employees Provident Funds Organisation), has roughly 17 crore accounts and every year they take a view on the prevailing rates and announce for any new cut or increase.Read More
Budgeting
Save Some Extra Money by Going Digital
On 8th Dec 2016, Government through our Finance Minister announced 11 new measures to promote digitalisation of payments. Some of these incentives not only provide some extra cash, but some measures cover a part of your risk (insurance). Why not embrace some extra gains!!! But for this, you need to learn a bit of technology andRead More
Why Retirement Planning – Infographic
Retirement planning is an essential element of financial planning. Lack of social security, disintegrating family support, the rise in living age and rise in medical or health related cost are the primary reason a person should immediately check his retirement sustaining ability. Retirement Planning
Understanding Asset Allocation – Infographic
Studies have proved the reason for financial success is 90% because of asset allocation and rest 10% for other things like choosing assets and economic conditions. Asset allocation is through which small investors can make real money, provided they stay disciplinedRead More
6 Financial Mistakes that could Spoil your Retirement
Fact: May informed investors fail or struggle to accumulate for their retirement Why does this happen? If you ask me, honestly majority of my clients are accumulating for retirement as one of their goals. In fact, this goal has taken prominence over other goals now. But still, investor fail or struggle to fulfill this goal.Read More
15 Age-Old Rules to Prosper in Long Run
All of us need substantial money to fulfill current and future responsibilities, but we need to achieve them by staying stress-free too. Otherwise what is the use of money if we constantly visit hospitals or have spoiled relationships? Hence the points mentioned below have proved that if implemented , a person will have a stressRead More