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With interest rate of 7.4%, Pradhan Mantri Vaya Vandana Yojana is one of the best schemes for senior citizens to earn regular income.
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Retirement planning in a step-by-step manner. Do the math, find the right investment tools and don't touch that kitty, Vishal Dhawan told Money9 in an interview
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Like FDs, income on the G-secs will be taxable. If sold before one year, the income will be taxed at the normal rates
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In an interaction with Money9, Sudhir Kaushik, co-founder and CEO, TaxSpanner, explained the reasons behind the move.
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Under D-Remit, the contributions received at trustee bank before 9.30 am on any bank working day are considered for same-day investment.
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Introducing a tax-free annuity scheme will help the retired enjoy their annuity stream without worrying about taxation.
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On October 1, 2020, the premiums of health insurance went up for all age groups. Yes, this happened for all age groups but senior citizens are facing the brunt. The increase noticed is varying from 40% to 110% and is dependent on many factors like age, policy coverage, sum assured, claims history. In such a […]
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If you also want to start saving for retirement but wondering where to start, then, National Pension System is one of the right ways to start your journey.
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Those who have retired after 2014 have seen the interest income on their FDs shrink nearly 40%, making it difficult to live on the interest income from savings.
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Post-retirement planning is one of the key decisions that will determine your financial security as and when you grow old. But unlike the previous generation, we don’t have the luxury of monthly pensions post retirement. The first thing to keep in mind while planning your retirement is to calculate the monthly income required post service. […]