Retirement Planning Archives - Mymoneysage Blog

Best Large Cap Mutual Funds to Invest in 2020

Last updated on June 12, 2020 | by Research Desk | Advisor Zone, Direct Mutual Fund, Financial Planning, Investment Planning, Personal Finance, Retirement Planning

Large Cap Mutual funds are equity mutual funds that invest at least 80% of their capital in stocks of companies, that are in the top 100 in terms of market capitalization. It would be interesting to see how actively managed Large cap mutual funds have fared in the recent market crash caused by Covid19. While Read more...
Recession 2020? Here is how to protect your finances

Last updated on April 20, 2020 | by Research Desk | Financial Planning, Investment Planning, Retirement Planning, Tax Planning, Uncategorized

Get Free evaluation of your investments & a financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now With rising defaults, fluctuating markets and plunging crude oil prices, having some cash sparing tips added to your repertoire could be Read more...
Start NOW! 5 Hacks to Beat Financial Procrastination

Last updated on May 11, 2020 | by Research Desk | Financial Planning, Investment Advisor, Investment Planning, Personal Finance, Retirement Planning

Have you been postponing your savings and investments? Are you just too lazy to look up mutual funds and fixed deposits for investing your money? Then, you are one who indulges in financial procrastination. This procrastination can have bad results for your finances in the long run. Read the article to find out how to Read more...
How Procrastination Affects Your Finances | My Money Sage

Last updated on November 16, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Retirement Planning, Tax Planning

A recent study suggests that procrastination is the outcome of present-biased preferences. Have you ever noticed how children do chores if you promise to buy them chocolates? That’s how the human mind works. Unless there is instant gratification, doing work is not very appealing. Instant gratification is more pleasing to most of us rather than Read more...
5 reasons to invest in REITs and InvITs

Last updated on April 22, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, NRI, Personal Finance, Real Estate, Retirement Planning

Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now What are REITs and InvITs? Let us first understand what REITs and InvITs are. Real Estate Investment Trusts (REITs) invest in and manage commercial real estate. They earn rental income from Read more...
7 Money Lessons from Boris Becker & Mike Tyson | My Money Sage

Published date July 9, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

Tennis star Boris Becker and heavyweight boxing champion Mike Tyson have a lot in common. Becker was the youngest champion to win the men’s singles trophy at Wimbledon at the age of 17. He was also the youngest winner of a Grand Slam title in men’s singles. Tyson became the youngest heavyweight boxing champion at the age of 20. And, both of them went from riches to rags. Get your financial plan done by a Registered Read more...
Financial Independence vs Regular Retirement |My Money Sage

Published date 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

Published date 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?

Published date 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

Published date 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...