What makes more sense for defence services personnel - buying shares directly or going for equity mutual funds? These days one of the main questions in front of many considering equity investing is whether they should buy shares directly through their brokers or invest indirectly through a portfolio of mutual funds. Let’s help you answer this question.
How to manage lifestyle creep post-retirement, if you are retiring soon from the armed forces? Lifestyle creep is just the year on year increase in your expenses, above and beyond normal inflation, thanks to rising income.
Rental property as part of soldier's retirement portfolio - An assessment Buying multiple properties as a way to supplement retirement income has been a popular approach for many retired defence services personnel. But is it worth the time and effort? Let's find out.
How to plan for your child’s education, as defence services personnel Your child’s education is something that a lot of your savings and investments will be geared towards. The fact that you can look forward to a pension post-retirement makes the decision-making process a bit simpler.
Talking money with family, for defence services personnel Culturally, it’s been frowned upon to discuss money matters with our family. Times change and as the overall knowledge and inclusiveness increases, how and what we communicate with our families also changes.
Family and money - a set of guidelines for Defence personnel You need a financial “go bag” of sorts. But this is for your family, so they are well-informed about the whereabouts of your money and financial documents. This can go a long way to ensure your and your family’s peace of mind.
Wealth Planning once you leave the Forces - What you should keep in mind as a Fauji While the core principles of wealth management remain the same, their application needs to factor in your special circumstances.
Asset Allocation - For Army men and women this is the plan that can survive “first contact” Proper planning and allocating your investments according to your needs, goals, and income generation capacity is the key to wealth creation.
2020 is ending but the most important financial lesson shouldn’t The pandemic could be a once in a century event but the impact is here to stay. This pandemic has brought to the forefront the need to have savings and investments to fall back upon for extended periods.
Do you pay higher tax in MF growth or dividend plan? Post Budget 2020, dividends are now taxable when you receive them. For those in the highest tax bracket, this means you will have to pay tax of anywhere between 35% to 42% on the dividend income you receive from mutual fund schemes.
The recent GDP data is alarming many experts. Should this change the way you invest? April-June Quarter GDP data indicates we may be in for a rough ride. But was this truly unexpected? More importantly, will this impact how you invest going forward?
