FIRE Retirement, primarily an acronym for ‘Financial Independence Retire Early’ has become increasingly popular in India. The reason it’s gaining popularity is not that people want to leave their nine-to-five jobs and follow their passion. Okay, it may be the case for 1% of people. But rest of the people are considering FIRE because they’re…
Life Insurance Corporation (LIC) introduced its single premium guaranteed pension plan, LIC Jeevan Shanti, in the year 2018. This plan offers guaranteed pension in two modes, namely immediate annuity and deferred annuity. Initially, when LIC Jeevan Shanti was launched, it got a lot of response from people. The agents were claiming that its deferred annuity…
After retirement, senior citizens often look for safe and lucrative saving instruments so that they can invest their hard-earned money in the right place. Nevertheless, senior citizens are hesitant and unwilling to put their lifelong retirement corpus in equities. The reason is that such investment products carry a great risk of capital loss. The Senior…
In this modern age of science and technology, online retirement planning calculator has become extremely popular in India. Retirement planning calculator is considered convenient as one just has to enter basic information such as age, income, and expenses to determine the required retirement corpus. As far availability is concerned, there are hundreds of online retirement…
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme that has been introduced for the social welfare of people aged 60 and above. Officially launched on 21st July 2017, the initiative aims to provide financial security to senior citizens through a regular pension. What is LIC PMVVY scheme? The LIC PMVVY scheme promises a…
Can I retire with 1 Crore in India? Is 1 Crore enough to retire in India? The truth is: I don’t know! Why? Because the information provided is not enough to reach to a conclusion. It is impressive and good that you have 1 Crore in your account before you plan to retire. However, I will…
I don’t think there ever will be a definite answer to this question. There are lot of binding factors that one needs to consider before coming to a decision on how much money is enough to never work again in India? Can I afford to quit my job? While you are in the process of…
When should I start planning for my Retirement? How much money is enough to retire at 50 in India ? Can I Retire early? Can I maintain the standard of living after Retirement? These are the questions in the minds of many like you and me. Why we are so much worried about our Retirement…