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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A guide to Gratuity & Its Tax Implications: Gratuity is a part of the salary paid by an employer to his employee for the continuous service of five or more years(minimum 240 days a year). It is one of the retirement benefits received by an employee from his employer upon leaving his job. In other words,
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
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Premature Closure & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme introduced by the Ministry of Finance in 1968, for the creation of retirement corpus of an individual and has become a favourite investment option for many investors over a period. Some of the salient features of PPF are listed below: •
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Here is how you can update your credentials in EPF Account: Mr Anil Sharma left his job a few months back and had not joined any other job after that. He had worked for almost 15 years in his previous company and therefore had a good amount of corpus accumulated in his EPF account, meanwhile
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Loan Facility & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme created to build a retirement corpus for an individual. It is always prudent not to break up your corpus in between, as it helps you to secure your future. However, if in case of any exigency or financial crisis, PPF scheme
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PPF(Public Provident Fund): A Complete Guide Public Provident Fund Scheme i.e. PPF came into inception in 1968, introduced by Ministry of Finance. It was initially launched to provide retirement safety to the self-employed people and the people working in the unorganised sector. However, as the time progressed, PPF has become the favorite choice for many
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Most people wake up to tax planning, only when the accounts department in their office rings the alarm bell in December, to submit tax-saving investment proof. A few frantic phone calls and visits to tax planners, and postal/ insurance agents later, the pressing need for investments and the proof thereof are met. Most people make
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