During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue

The review may also attempt to balance the new and old tax regimes and potentially aim for a unified tax regime for individual taxpayers.

The interest on senior citizen FD is usually 0.5 per cent higher than the regular interest of a bank. It can differ from bank to bank. Currently, the highest one is 7.9 per cent.

Maintaining a steady cash flow and preserving wealth are critical post-retirement.Here’s how you can approach these two factors.

Returns offered on these policies are low because the mandate is to invest only in fixed-income securities

In UPS, the government can also change its share by reviewing every three years, but no change will be made in the employees' 10 per cent share.

One can continue to reside in the property and the loan, along with the interest gets repaid when the house is sold off after their demise or they choose to move out of the house.

A will is one of the most solemn documents known to law. Only by making a will one can ensure devolution of estate as per his or her wish after death.

Senior citizens need to relieve themselves of debt as that will help them live a dignified life in retirement. Hence, they must weigh the advantages and disadvantages before taking on additional debt and seek expert advice on paying off their debt

Are you looking for a disability insurance policy online? If so, compare the plans offered by different companies and assess your needs before buying one.

SLW is a good choice for retirees who want a steady income after retirement

Government employees enjoy retirement benefits that include pension, leave encashment, and access to schemes like CGEGIS and CGHS, thus ensuring financial security and healthcare support in their post-retirement life

Despite checks and balances, senior citizens remain vulnerable to digital fraud.

With your retirement about a decade away, it is a good time to review your retirement planning and make any course corrections if required.

World Senior Citizen Day 2023: On this day we tell you how senior citizens can apply prudent strategies to feel financially free in their retirement years

Planning for retirement is essential as it ensures financial stability when paycheques cease but expenses continue. The National Pension System is a beneficial savings scheme that offers both Tier 1 and Tier 2 accounts with distinct features, tax benefits, among others, thus making it a suitable option for retirement planning

Health-related issues may increase as we age, so ensuring proper management of healthcare expenses is crucial. Here's what experts recommend

Find out how seniors can secure a stable and worry-free retirement by unlocking the power of passive income. Here are some smart strategies

Find out the importance of time and discipline in maximising the benefits of compounding for long-term wealth growth

Seniors can ensure their homes are adequately insured against fire, storms, theft, etc., by choosing the right home insurance policy

While Unit Linked Insurance Plans (ULIPs) are popular, senior citizens can explore alternative options that offer more convenient features

While health insurance coverage remains essential, strategies are available to help senior citizens lower their premiums and obtain comprehensive coverage

Senior citizens typically keep a part of their money in savings account for emergency needs and regular cash flow. With many banks offering a high rate of interest on savings account, does it make sense to park your money in a savings bank?

Discover the essential steps that you should take as you approach your 40s, with this comprehensive personal finance checklist designed to help you evaluate your goals, turbocharge your retirement savings, eliminate debt, and strengthen your financial position for a secure future

Here’s how a high CIBIL score can help you obtain loan effortlessly, premium perks, and the freedom to pursue dreams

In India, where not all senior citizens have access to pension plans, exploring alternative strategies to generate a regular income stream is crucial

Three smart ways to reinvest your retirement fund—mutual fund, fixed deposit, and skill enhancement. Learn more

Incorporating the National Pension Scheme (NPS) into your retirement planning portfolio can significantly enhance your long-term financial security. Here’s how

Retirement planning is crucial for a financially secure future, and avoiding common mistakes is vital. From procrastination to underestimating expenses, here’re at least five retirement planning mistakes to steer clear of. Read on to learn more.

As life expectancy continues to rise, senior citizens are faced with the challenge of sustaining their finances for an extended retired life. Investing in equity offers higher returns and the potential to combat inflation, while simultaneously providing seniors with a means to grow their wealth and ensure a comfortable retirement for years to come

Downsizing your home can be a smart financial move for senior citizens looking to boost their retirement savings. However, navigating the tax implications can be challenging. Here are some tax recommendations for elderly people.

Health risk increases as we age, and so adequate insurance coverage is crucial. Here we explore the options available for senior citizens to get possible higher coverage post-65.

Fixed deposits are a secure investment option with attractive interest rates for senior citizens. Explore the highest FD rates across government banks, private banks, small finance banks, and corporate FDs to maximise your savings. However, also consider factors, such as tenure, credibility, premature withdrawal, senior citizen premium, and tax implications for an informed decision.

Retirement planning requires careful consideration of various options and informed decision-making to secure your old age financially. Know more.

In India, seniors face significant challenges in accessing affordable health insurance, leaving them vulnerable to financial hardship in the event of a medical emergency or chronic illness.

Frugal living is often misunderstood as living a life of deprivation or being cheap. However, it can have profound positive effects on your finances, and overall well-being. Learn more.

The Pension Fund Regulatory and Development Authority has issued a circular announcing a change to the National Pension System that will allow subscribers to choose multiple annuity schemes from the same annuity service provider at the time of exit

Retirement brings a new set of challenges, including healthcare expenses. Here are five tips to help you provide for such expenses after retirement.

As retirement approaches, many senior citizens consider real estate investment as a viable source of income. While it offers potential benefits, such as rental income and the ability to leverage investments, it also comes with risks that need to be weighed in carefully. Here’s how

A good NPS fund manager will ensure a large retirement corpus. That’s why it’s important to choose the right fund manager when investing in the National Pension System. Here’s how to go about it

Rising inflation often puts a squeeze on your retirement fund. Hence, it’s important to find out ways to protect this fund. Here’s how.

Employee Pension Scheme (EPS) of the Employee's Provident Fund Organization (EPFO) provides pension to the employees of organised sector as a way of social security.

It is important to have clarity on how deferred annuity products work and how to avoid the agent’s sales pitch

Retirement planning is crucial for financial security in your golden age, so avoiding financial mistakes, especially in the last 20 years before retirement, is critical. Learn more.

Critical illness insurance plans can provide financial protection for seniors against costly medical expenses, allowing them to focus on recovery.

Planning for the future and personal finances is crucial for senior citizens. In this regard, including luxury items in a Will can help avoid disputes among family members after the owner's death.

Joint-life annuity plans may offer a stable source of income in your retirement years. Here's what they offer

Managing finance and taxes can be daunting for senior citizens, and as such, Form 15G and Form 15H can help them avoid TDS on certain incomes

As people age, they often prioritise experiences over material possessions. For many seniors, using their retirement funds to fulfil their travel goals can be a rewarding way to enjoy their golden years

Travelling during the off-season can have multiple benefits, including discounts on hotel accommodations, often up to 50-60 per cent, and cheaper flights. Seniors can also avoid long lines at tourist attractions

Are you planning to invest in a senior home? It is important to take into account all factors involved while investing in a senior home

Retiring on a budget is a challenge for many people, especially those living on a fixed income; however, with some careful planning, it's possible to live a comfortable retired life

A voluntary retirement scheme is a legal option for companies in India to reduce their workforce without causing harm to their employees. Here are the criteria, compensation calculation, and benefits of VRS in detail

EPFO slashes interest rate to 8.1 per cent. Know how it works, the benefits it provides and steps to check EPF balance

When travelling alone, senior citizens may experience anxiety, particularly if they have health concerns, so opting for group travel can offer a sense of reassurance and ease. Read on to learn more.

With rising healthcare costs, choosing the right health insurance policy becomes essential. For senior couples in India, the decision to opt for a family floater policy or an individual policy can be a crucial one.

As you age, it becomes all the more important to make your money work for you, so that you can live a relaxed life in your golden years. Hence, it’s important for you to be aware of the most suitable and popular investment avenues for you that also offers good and safe returns

While a family floater policy is beneficial, it may not be ideal for senior citizens. This is because senior citizens tend to have more medical needs and may require specialised treatment and care, which may not be adequate under a floater health insurance plan.

Are you at a prime age and feeling anxious or out-of-sorts about planning a trip overseas? Here are a few tips. Read on to find more.

You can’t use credit cards to make investments in the National Pension System (NPS) anymore. NPS is an efficient retirement tool and know how to invest in it

A lot of elderly people are opting for assisted living these days. It is important to understand the various ways by which they can manage their finances wisely before deciding to move into a senior living community

As you near your retirement, you might have to cope with increasing health issues. Therefore, it is important to plan finances well to ensure a financially stress-free retirement

The government has increased the rate of interest on Senior Citizens’ Savings Scheme, Kisan Vikas Patra, and other post office time deposits. Should you invest in these small savings schemes now?

The Employees’ Provident Fund Organisation has clarified that only those employees who contributed to higher wages and exercised the option for higher pension prior to their retirement will be eligible for higher pension

At around 7.5 per cent to eight per cent interest rates, it seems to be the most favourable rate scenario for senior citizens across fixed deposits and small savings schemes.

Proper succession planning will ensure peace of mind for you and your children. Read on to find more.

Whether you are a senior citizen trying to secure a suitable health insurance plan for yourself or your parents, who are in their golden years, you must know ways to maximize your health insurance deduction.

Retirement years are righty called the golden years, when one may spend some of the best years of one's life. Therefore, it is vital to plan properly for retirement.

As many older people live well beyond their 80s in the country, it's critical to consider the risks that retirees should avoid for a stress-free life.

To have a comfortable, fun, and secure retired life, you need to build the corpus in a systematic manner that would fund it. And it's never too late. Read on here to find more.