Retirement Planning: Is Rs 5 Crore enough?

Is it possible to retire with a corpus of Rs 5 crore at the time of retirement? Well, it depends on your age, expenses, lifestyle after retirement and how much are you willing to contribute to retirement at that age. Ideally one should start planning for retirement right from the time they started working. This …

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Retirement Planning: Popular Retirement Investment Products

Saving or investing for the purpose of retirement should start right from the time one starts working. With a wide array of choices for retirement investment products, it often gets difficult for us to identify the best one. However, this shouldn’t be a restricting factor. It’s not just about investing in the right product, it …

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Will my losses actually turn into profit in long term?

Are your investments giving you negative returns? We have been advising to invest for long term. There might be short term losses, but in long run you are likely to make very good returns. Some of you asked for a proof. Well, we may have found an answer. Year 2011 was also like this year. …

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Retirement Planning: Why is it important?

Planning for retirement doesn’t solely mean that you need to plan your finances. It requires a combination of Personal and Financial Planning. Personal planning determines your satisfaction during your retired life. While financial planning helps in budgeting your income and expenses based on your personal plan. Personal Planning can be done answering a very basic …

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15 tips for an Entrepreneur to Save Tax

Doing business is not easy and definitely not cheap. Every penny counts and amongst the constant competition fight for market share isn’t easy. 90% of entrepreneurs end up paying higher taxes than they actually owe, due to lack of expertise. As an entrepreneur, you have income from almost every head except for the head ‘Income …

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Retirement Planning: Are Fixed Deposits the right option?

Having just the perfect lifestyle all through your blooming age, would you want to compromise on that during your retirement? Well, I know, most of us wouldn’t want to. But the real question is, are we saving to lead such a relaxed and luxurious life post-retirement? Are we doing it in the right way? Before …

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Life Insurance Claims over 3 Years Cannot be Rejected

Insurance companies cannot reject claims made on policies over three years. According to the Insurance Laws (Amendment) Act 2015 Section 45 no claim can be repudiated (rejected) after 3 years of the policy being in force even if the fraud is detected. This comes as a relief to policyholders and decreases the probability of their …

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19 ways to save tax this 2019

It’s the time of the year again! Everyone will get busy with finding ways to save tax. Upwardly presents to you 19 ways to save tax in 2019. Insurance policy Life insurance premium paid in the year can be claimed for deduction. Premium paid for yourself, your spouse or your children can be claimed under …

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