Whatever your age is, it is essential to begin your investment journey by defining your goals clearly, for the short, medium and long term.
Senior citizens of the country are mostly dependent on bank fixed deposits for regular income. Nowadays they are facing hard times due to declining in
There is no right time for investment, as experts say. Almost anytime is right. But before starting an investment one must check certain things includ
It is important not to ignore retirement planning and understand how much corpus you will need for retirement.
NPS is picking up steam and becoming one of the most popular retirement-saving tools among the investing community.
Retirement is an important phase of your life which requires careful planning since it is one goal for which you are not going to get a loan.
NPS: According to a PFRDA circular, if the corpus is equal to or below Rs 2.5 lakh, then the full amount will be paid as a lump sum to the subscriber.
Depositors can also extend their investments indefinitely in a block of five years, after the expiry of the initial lock-in period.
Senior citizens should be doubly cautious about financial fraudsters and should not put their money in unknown instruments.
With the rise in medical and consumption costs, it is highly advised to have a good retirement corpus in place