The last discussion we had on the cost of a financial product prompts me to ask the question today – how much should financial planners charge fees for financial planning of their clients ? In India, there are different charges which financial planners levy as financial planning fees and they vary by a great margin.Read More
Does it make sense to buy LIC Jeevan Vriddhi?
LIC has bull dozed it’s way in the month of March with the launch of a life insurance plan named LIC Jeevan Vriddhi. Needless to say, it will sell like hot cakes because of the fact that it is from LIC which still boasts of a massive army of agents. With tax planning on everyone’sRead More
Raag Vamdatt’s Income Tax Formula course
The income tax season is fast approaching and many investors who do not understand the basics of income tax planning and filing are going to jeopardize their investments by taking the help of commission trotting agents who will sell them unsuitable products. This is not going to look good in your overall financial planning. WhatRead More
Credit card pitfalls – how to avoid them
I can’t help writing about credit card pitfalls and how to avoid them – my latest client’s financial planning has gone horribly wrong as he lives on his 4 credit cards. He is flamboyant, he is shopaholic and has no clue on how to read a credit card statement. He thought he knew all theRead More
Direct Tax Code (DTC) and ELSS
Pardon me but I forget the name of the reader who brought up this important question of whether he should invest in ELSS (Equity Linked Saving Schemes) given the Direct Tax Code that will possibly see the light of the day in April 2012. Direct Tax Code and ELSS have been discussed very heavily inRead More
All about Critical Illness Insurance
So here is the scenario which helps me drive home the point about the importance of critical illness insurance policy in India. Suppose you are hospitalized with a major heart attack and your spouse is told by the doctor that you need to be operated upon. Big deal you think, you have health insurance orRead More