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
PMVVY(Pradhan Mantri Vaya Vandana Yojana)- A Complete Guide Read More »
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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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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Here are a few pointers that you need to keep in mind about How to be Successful at Retirement Planning” Retirement Planning is an oft repeated topic in the domain of financial planning. It’s about securing your future and ensuring a comfortable post-retired life. Individuals tend to perceive retirement planning as a thing to be
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Procedure to create UAN online from EPFO without employer: Mr. Bhaskar left his job back in 2008 and currently he is running his own business. He wanted to know the procedure to get his UAN number. There have been many similar instances where people have left their job but do not have their UAN as they are
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Procedure to combine multiple EPF UAN numbers or Deactivating old UAN: Mr. Rakesh Agarwal, an IT professional worked in ABC Ltd for one year from April 2015- March 2016 and in April 2016, he joined XYZ Ltd. While working with ABC Ltd, he had an Member ID/EPF account and the employer also had allotted a
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Here is a comparison between NPS and Mutual Funds: The New Pension Scheme (NPS), a defined-contribution scheme initially launched for the government employees, was extended to all the citizens of India by the end of 2009. It is an ambitious annuity plan aimed at building a vast corpus to provide regular income to you, post-retirement.
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All you need to know about Reverse Mortgage Loan enabled Annuity (RMLeA): Reverse Mortgage Loans (RML) were introduced in 2011 to provide financial security to the senior citizens in their post-retired life. It offered several advantages like principal amount based on the value of property instead of credit history of the borrower, periodic loan receipts
Reverse Mortgage Loans (RML) for uniform income after retirement: Dwight L. Moody once rightly opined “Preparation for old age should begin no later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement”. Where as we have Mr Raghav Sharma who believed otherwise, he never gave retirement planning
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Here is all about Leave Encashment and its Tax Implications: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Mr. Anurag Basu has been working with a private company for 25 years and will
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