Retirement Planning | myMoneySage

Financial Independence vs Regular Retirement |My Money Sage

Financial Independence vs Regular Retirement 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. And, for early retirement, reaching financial independence is the key. In […]

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10 NPS(National Pension Scheme) withdrawal rules that you should know | My Money Sage

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

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Budget 2019: How will it affect your finances?

1 Comment / Advisor Zone, Financial Planning, Investment Advisor, Investment Planning, Loans, Personal Finance, Provident Fund, Retirement Planning, Small Savings, Tax Planning / By Author

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

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9 Mutual Fund investing myths busted

Leave a Comment / Financial Planning, Investment Advisor, Investment Planning, Mutual Fund, Retirement Planning, Small Savings, Tax Planning / By Author

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

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How to become a Registered Investment Advisor (RIA) in India

1 Comment / Financial Planning, Insurance Planning, Investment Advisor, Investment Planning, Personal Finance, Retirement Planning, Tax Planning / By Author

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

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Why and How of Systematic Withdrawal Plan (SWP)

2 Comments / Mutual Fund, Retirement Planning / By Author

Here’s Why and How of Systematic Withdrawal Plan (SWP): 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. [MMS_EBOOK] You may initiate an SWP to fulfil

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New Pension Scheme (NPS): Tier 1 vs. Tier 2

2 Comments / Investment Planning, Retirement Planning / By Author

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

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PMVVY(Pradhan Mantri Vaya Vandana Yojana)- A Complete Guide

Leave a Comment / Personal Finance, Retirement Planning / By Author

Pradhan Mantri Vaya Vandana Yojana (PMVVY) 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 government during 2014-15. The similarity is on account of both plans being

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Is it good to invest in annuities for retirement income

Leave a Comment / Financial Planning, Retirement Planning / By KishorKumar Balpalli

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

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EPF to NPS: Is it worth transferring your money?

Leave a Comment / Provident Fund, Retirement Planning / By Author

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

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