What Is Gratuity Tax & How to Save Tax on Retirement Benefits?
Many employees believe that all retirement payouts—gratuity, pension, and PF—are tax-free. The truth? It’s more nuanced. This guide will walk you through what’s tax-free, what’s partially taxable, and how to plan smart for your golden years. 1. What Is Gratuity? Gratuity is a one-time lump sum your employer pays you as a gesture of gratitude for long-term service—typically after at...
7 Retirement Planning Myths That Can Turn Your Retirement Dream Into A Nightmare
Sitting on the balcony with your family and enjoying the view amidst happy faces. Feels like a dream, doesn’t it? A retired life replete with moments of happiness and joy. A stress-free life indeed! Well, we all dream of living a retired life with the people we love the most, making lifelong memories. Now that there is no time constraint, we may also aim to pursue our long-lost hobbies...
How To Plan An Early Retirement With F.I.R.E.?
One of the major perks that come with early retirement is living life on your own terms without missing out on opportunities. You’ve often heard terms like “Live life to the fullest” or “You only get one life” but how much have you ever thought about it? We spend most of our lives in a hustle and are completely burnt out by the time we retire. Earning money is an essential part of life but...
The Evolving Robo-Advisory Landscape In India
As they say, ‘New Generation, New Ways’, the millennials and Gen Z investors today have developed and resorted to a new way of doing several things. Right from routine monotonous activities to extremely complicated activities like medical procedures and personalized financial planning, these innovative AI-Based Robo-Advisory are capable of performing all kinds of tasks with utmost...
Start Early To Retire Early – Retirement Planning
Early retirement with retirement planning is like that delicious looking wild fruit that everyone wants to taste but few actually have the guts to do so. Gone are the days when families were supported by just one earning member. Even children are engaging in part-time gigs off late. Given such a win-win scenario, families are having greater disposable income which they are skillfully...
Senior Citizen: Where to Invest Retirement Money?
Retirement is a phase when you don’t have a regular source of income yet your lifestyle expenses continue. That is why financially prudent individuals plan ahead to create a retirement corpus so that their retirement funding is taken care of. While you know where to invest to create a retirement fund, do you know where to invest your retirement money? When you retire you get lump sum money...
How Mr Sharma Plan his Retirement?
Mr. Sharma seemed quite tense while having a morning walk, which was either his work stress or retirement or something else maybe. I tried confronting on the same; “Hey Buddy, you look worried. Is there something you wish to share with me?” “Oh yes! I am not quite sure how to share my concern. But I can talk to you as a friend and maybe you can advise me as my Financial Planner.”...
Financial Planning For Retirement.
Let us begin with two different situations. First of all, all of us would like to enjoy free time without any professional duties aching us. It is needless to say that having such unperturbed leisurely time free of professional worries requires a solid financial standing. Now consider the second situation. After reaching 60 some people still wish to go on working for few more years just...
Health Insurance part of Your Retirement Planning?
The wealth earned by us is indeed determined by the quality of our health. The increasing medical costs makes it extremely difficult to sustain the corpus acquired by us throughout our life if we do not make adequate planning for health insurance. This is why financial planners focus on the importance of health insurance in retaining the viability of your long run financial goal. For...