Retirement Planning Archives - Mymoneysage Blog

Financial Independence vs Regular Retirement |My Money Sage

June 12, 2019 | by KishorKumar Balpalli | Financial Planning, Retirement Planning

Financial Independence/Freedom is a state in which you have enough wealth to lead your entire life comfortably, without having to work for it. In other words, you would have attained financial freedom when your passive income exceeds your expenses. In this article, we will be looking at regular retirement vis a vis FIRE (Financial Independence Read more...
10 NPS(National Pension Scheme) withdrawal rules that you should know | My Money Sage

June 8, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

The government introduced the National Pension Scheme (NPS) to provide a regular income to retired people. The NPS offers a range of withdrawal options before and after retirement. Here we will look at the different options for withdrawal from the NPS. Let’s take a closer look at the NPS withdrawal rules that apply to different Read more...
Budget 2019: How will it affect your finances?

February 4, 2019 | by Research Desk | Advisor Zone, Financial Planning, Investment Advisor, Investment Planning, Loans, Personal Finance, Provident Fund, Retirement Planning, Small Savings, Tax Planning

Stand-in Finance Minister Piyush Goyal presented the interim budget on February 1, 2019. It proposes tax breaks and sops that will have a positive impact on your finances. The new government that takes charge after the approaching elections will present a full budget. The interim budget proposes sops for the middle class, farmers, and unorganized Read more...
9 Mutual Fund investing myths busted

October 31, 2018 | by Research Desk | Financial Planning, Investment Advisor, Investment Planning, Mutual Fund, Retirement Planning, Small Savings, Tax Planning

Here is a list of Mutual Fund myths that you should be aware of… Very few people realize that investing in mutual funds for the long term is one of the smartest and safest ways of building wealth. Commonsense, discipline and patience are all you need to create a large corpus by investing in mutual Read more...
How to become a Registered Investment Advisor (RIA) in India

September 27, 2018 | by Research Desk | Financial Planning, Insurance Planning, Investment Advisor, Investment Planning, Personal Finance, Retirement Planning, Tax Planning

Here are the details that you should be know to become a Registered Investment Advisor (RIA) in India, Before SEBI RIA regulations, anyone could start working as an investment adviser. Therefore to protect the interests of investors, the capital markets regulator SEBI introduced the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013. These Read more...
Why and How of Systematic Withdrawal Plan (SWP)

July 28, 2017 | by Research Desk | Mutual Fund, Retirement Planning

Here’s : With a Systematic Withdrawal Plan (SWP), you can withdraw a chosen sum of money from a mutual fund at specified intervals. The intervals relate to a fixed date of every month/once in every two months or every quarter. You may initiate an SWP to fulfil your Read more...
New Pension Scheme (NPS): Tier 1 vs. Tier 2

June 6, 2017 | by Research Desk | Investment Planning, Retirement Planning

Here are few differences about New Pension Scheme (NPS) Tier 1 vs. Tier 2: In a country, whose citizens still lag behind in retirement readiness, and frown upon the mandatory contribution to the Employee Provident Fund (EPF), the introduction of a pension plan, where the contribution was voluntary, raised many eyebrows. Experts were sceptical about Read more...
Pradhan Mantri Vaya Vandana Yojana (PMVVY)

May 27, 2017 | by Research Desk | Personal Finance, Retirement Planning

Here are a few guidelines about : was announced by the government in Budget 2017. The ambitious scheme aims to provide social security to the senior citizens. PMVVY works on the similar lines of the erstwhile Varishtha Pension Bima Yojana (VPBY) launched by the Read more...
Is it good to invest in annuities for retirement income

April 11, 2017 | by Research Desk | Financial Planning, Retirement Planning

Here are a few point to analyse whether “It’s good to invest in annuities for retirement income”: “Money is something you got to make in case you don’t die”.- Max Asnas Imagine you are nearing retirement and have a billion rupees in hand, You would want to invest your money so that you get regular Read more...
EPF to NPS: Is it worth transferring your money?

March 15, 2017 | by Research Desk | Provident Fund, Retirement Planning

Here are some guidelines as to whether Is it worth transferring your money from EPF to NPS ?: Lately, the government has recognised the need of the individuals towards better retirement. This realisation came on 6 March 2017; it permitted to transfer money from EPF to NPS. It is trying to provide you alternatives apart from the Read more...