Manage PaisaSavings Related
Retirement is a very certain, distinct and significant phase of life. Sooner or later, we all need to retire. Despite the clear and present certainty of retirement, most of us relegate Retirement Planning to passive management. We do this assuming that there is not much to plan for retirement. We must not forget that retirement […]
All of us need money, and most of us need it more and more. The underlying reason for the entire science of Economics is that resources are always scarce as compared to needs. At the micro level, the same applies to all of us albeit in differing proportions. At the basic level, even the poorest […]
In another discussion on “Are You Organized for Investing”, we talked about opening a Public Provident Fund (PPF) account. PPF is open to all citizens without any age limit, meaning that both adults and minors can open it. It makes great sense to open an account each for self, spouse and children. While one might […]
The National Pension System (NPS) is GOIs Defined Contribution Pension Scheme and all Indian Citizens (including service personnel) can subscribe to it. One can open NPS Tier 1 Account which carries significant tax benefits, and an additional Tier II account which has relatively no withdrawal restrictions, but does not provide any tax benefits. One needs […]