3 things to do now For financial well-being post-retirement
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3 things to do now For financial well-being post-retirement
Posted on 23 Dec, 2020
Last updated August 31, 2021
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A dollar millionaire is someone who has $ 1 million (USD) of wealth or Rs 7 Cr. With a million, one is assured of a comfortable life, irrespective of where you live.
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History tells us that equity investing is a long term venture. That money is made by people who held the course when times were bad. And times are looking bad right now. But as we all know the equity markets tend to recover from these bad times. Is it difficult to keep the faith when you see everyone around you panicking? Yes again.
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Planning for your child’s higher education is a family goal. Here’s how to start the conversation around this with your spouse.
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Having a conversation on insurance is a must do activity for every couple. This can save you a lot of grief down the line.
Create an email that includes all that your family needs to know to make an insurance claim and make this otherwise stressful task simpler
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Despite European countries announcing a slew of COVID-19 related lockdowns and restrictions, the markets had reasons to smile with multiple players reporting successful COVID vaccine trial rates, and Joe Biden’s election.
Much of the recovery in equity markets over the past couple of months is due to the tax cuts for corporates, announced by the Finance Minister, and a series of other administrative measures announced. One can expect more such measures to trigger the economic recovery.
Market watchdog Sebi recently came out with new guidelines for liquid funds. The newly introduced norms could potentially change the portfolio orientation of liquid funds.
When markets tend to go through their occasional drops, the people who come out on top are often those who kept on investing as if nothing has happened. They had the wisdom to realize that they can’t predict when markets will go up nor when they will go down.
The per capita income itself is growing at about 10% annually. On the other hand, ‘basic needs’ like food has already been met for most of the population and will not grow at the same pace. Most likely, basic needs will grow in line with inflation or less.
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Here are some key reasons you should be aware of, and will help you understand why insurance is meant for risk management only.
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Retirement investing is often linked to fixed income option both before and after retiring. But is it the right approach?
Here’s how the Scripbox recommended set of funds performed last year.
Underexposed to equity? Here’s what our research team suggests on handling this challenge to your portfolio.
Overexposed to equity? Here’s what our research team suggests on handling this challenge to your portfolio.
This is in relation to a SEBI circular published on 17th September 2020, on the Uniformity in the applicability of Net Asset Value across various schemes upon realization of funds
We are the first mutual fund investment service with an algorithm that helps you reduce long term capital gains tax (LTCG) at the time of withdrawal.
Here’s how the Scripbox recommended set of funds performed last year.
A wealth manager can bring a lot to the table when it comes to helping you with tax planning.
While this type of compensation structure gives employees a share in the company’s future growth prospects, one has to carefully analyze its tax implications.
It depends on how long you stayed invested and whether you have invested in equity mutual funds, debt mutual funds or hybrid funds.
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Here is a low-down on TDS under various income heads for an NRI and methods to reduce it or seek refunds.
A wealth manager can bring a lot to the table when it comes to helping you with tax planning.
There are other investment avenues which can help you save a similar amount of tax, however, when you look at performance, none of the others has delivered similar inflation plus returns in the long run.
Whether you invest in a tax-saving fixed deposit or an equity-linked savings scheme, your maximum allowable tax deduction through these investments remains the same at a maximum of Rs 1,50,000 under section 80 C of the IT Act. Then why not pick the investment which will help you maximise long term wealth too?
There are a couple of ways to save taxes on capital gains. One of them is by investing in specified tax-saving bonds under Sec 54EC of the Income Tax Act.
Paying taxes is a civic duty you can’t escape, but it helps to know how you can take advantage of the most efficient taxation when it comes to your investment growth.
Long-term financial planning and tax planning go hand-in-hand. Which is why, instead of just relegating tax planning to the last quarter or the last few weeks of the financial year, make it a part of your short-term and long-term financial goals.
Scripbox Smart Transfer Plan – The smart way to invest during market volatility https://www.youtube.com/watch?v=-h5P5SUibcM
3 things to do now For financial well-being post-retirement https://www.youtube.com/watch?v=eVGVBXZnbhI
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Unknowingly, we also use intuition in our day-to-day life – say to select our family doctors or partner. Can we use our hunch to also guide our investment decisions?
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