In the budget of 2015-16, the government had announced that they will allow funds to be transferred from Employee Provident Fund EPF to NPS or National Pension Scheme. Finally, this has arrived, now you can Transfer EPF TO NPS. This is like one-way portability between two different superannuation schemes. And finally this last Monday, 06Read More
Retirement
Is Compounding 8th Wonder of the World
Compound growth means your interest earns interest. When you have a growing thing, which creates more growing things and again creates more growing things… your return adds up fast. This is the core of all financial concepts.
It works for both, one who invests and one who lends or borrows. It is relevant to us as it has the power to convert few 1000s to few Lakhs and few 100000s to few Crores.Read More
EPF Rate Cut – Is It Still Attractive
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
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