Asset diversification helps minimise risks, but should you buy multiple policies of a particular asset class, and what value does it bring to the overall investment portfolio?
Mother’s Day is a time to show love, respect, care and appreciation to mothers for their immense contributions to the family and society.
During Akshaya Tritiya festival today, consider all gold-buying options based on your requirements, finances and goals before investing. Here are some factors to consider.
Silver is another precious metal preferred after gold for investment. Silver has a huge cultural significance in India and is popularly used as ornaments, for offering during festivals and gifts, etc.
The National Pension System (NPS) should be considered for retirement savings and not merely for tax-saving, says Max Life Pension Fund CEO Ranbheer Singh Dhariwal.
Financial literacy is key to financial freedom in retirement, experts at Max Life’s Retirement Roadmap 2025 conference stressed.
In a circular on April 25, 2024,PFRDA issued a consolidated fee structure for points of presence (POPs),which they can collect from NPS subscribers.
The National Pension System (NPS) is a small retirement savings scheme open to government employees and the general public.
IRDAI’s new regulations aim to improve insurance penetration, protect policyholders’ interests, and offer innovative products to people. How will the new rules help them?
Gold prices surged 16 per cent this year. Should you consider investing in this safe-haven asset now? Learn more.
As healthcare costs rise rapidly, shouldyou have more than one health insurance policy to cover the risk comprehensively?Know the pros and cons.
Three in every four senior citizens in India suffer from one or more chronic diseases.
While assumptions are necessary when making future income calculations, they should also be reasonable. Too high or too low expectations can both be unfavourable.
The cybersecurity breach at audio and accessories brand BoAt, which exposed the personal data of some 7.5 million customers, highlights the threats fraudsters pose. Learn how to stay safe.
The company transfers investors’ unclaimed shares to the Investor Education Protection Fund (IEPF) for safekeeping as mandated by the government.
Retirement is the perfect time to rediscover your long-lost hobbies, pursue them passionately, and transform life into something extraordinary and beautiful.
Investing in any financial instrument requires due diligence, which is also needed to exit an investment scheme to optimise gains. Know what things to consider in an exit plan.
Health insurance is a necessity today rather than just a tax-saving instrument. Multi-year health insurance coverage can help you avoid the hassle of renewing the policy annually.
While retirement planning includes saving, investing, and building a corpus, how is this possible for a non-earning person? Learn more
Outlook Money Retirement’s senior citizen profile segment explores people’s lifestyles, finances, hobbies, fitness, travel and more after retirement so that readers can learn and draw inspiration from them. Today, we feature K.B. Gupta, retired professor from Delhi University
Equity-linked savings schemes (ELSS) have the shortest lock-in period in tax-saving instruments.
Outlook Money Retirement brings stories of retired Indians regarding their lifestyles, finances, hobbies, and attitudes in this story segment so readers can learn and draw inspiration from them. Today, we feature retired Delhi University Associate Professor Sunil Kumar.
According to RBI’s BSR report for December 2023, term deposits surged to 97.6 per cent of the total deposits in the first three-quarters of FY24. Learn more.
Risk-taking ability is vital in retirement planning, as it can determine the pace of the portfolio’s growth and volatility, but how can you assess your risk appetite?
As the population of senior citizens increases in the country, the demand for a dwelling place with exclusive amenities for older people has also increased. Learn more.
The Central Board of Direct Taxes (CBDT) set the outstanding tax waiver limit at Rs 1 lakh after Financial Minister Nirmala Sitharaman announced relief in the interim budget FY2024-25.
Financial literacy is a unique skill which anyone, regardless of age, can learn and is vital to help you become financially independent.
Parkinson’s disease affects people’s mobility and other body functions, rendering a person helpless and incapable of carrying out normal day-to-day activities. Learn more.
As medical costs increase exponentially, having a health insurance plan with global coverage can come in handy during an emergency, but there are better options, too. Learn more.
An individual’s signature allows banks to verify whether the person is genuine during bank transactions, like cash deposits, withdrawals, etc.
Do your estate planning well in advance for a smooth transition of your legacy; here are some ways other than a will to pass on your inheritance.
Preventive healthcare can help you reduce costs by identifying health conditions before they become serious.
NPS is a retirement savings tool with tax benefits. Although the new tax regime may have somewhat dented its appeal, it is still a popular choice as an investment vehicle.
The Reserve Bank of India issued master directions on January 3, 2023, for non-convertible debentures with an initial maturity of one year or less. Should seniors consider investing in them? Read on to know more
The personal finance space saw several significant changes this year with long-term impact.
Different people associate retirement with different things. For some, it is free time, leisure, hobbies and bonding with family and friends; for others, it is life as usual.
Health insurance has become necessary as medical inflation rises steeply, but how much coverage should you have?
Both systematic withdrawal plans (SWPs) and dividend schemes in mutual funds provide cash flows, but which one should senior citizens opt for?
Financial planning for retirement is as important as it is for any other goal.
NPS offers two investment options: auto and active. People familiar with the market usually choose the active option, and the rest select the auto option.
Sebi has modified the social stock exchange rules to boost its access to the general public.
When a person dies without a Will, legal heirs must produce a legal heir certificate to settle insurance claims, bank accounts, etc.
The National Pension System (NPS) is a retirement savings tool with tax benefits and various investment options; which one should you choose?
Retirement planning is a continuous exercise that may include buying a house, insurance, investment, cash flow, etc. However, you must consciously avoid these three mistakes
A standard health insurance policy covers diabetes, but is it sufficient? Should you buy a diabetes-focused policy?
Senior citizens usually invest in bank fixed deposits as they offer guaranteed returns. Unlike bank FDs, corporate FDs generally provide higher rates, but are they a safe bet for them?
A forced retirement isn’t a hopeless situation but a new beginning, so don’t relinquish your hopes. Here’s what you can do to rebuild your lost fortunes.
Gold provides stability during economic uncertainties when other asset classes could be adversely affected, thus ensuring protection to the investment portfolio.
With a plethora of product options for gold consumers, should senior citizens consider buying digital gold, and what are the things they should keep in mind?
Sovereign Gold Bond (SGB) offers guaranteed interest income and zero tax on capital gains on maturity, two key benefits for senior citizens. Learn more.
Selection of assets in an investment portfolio is critical for post-retirement income. While gold assets bring stability to the portfolio, how much you should hold them is a big question. Learn More.
Estate planning is a critical aspect of an individual's life as it ensures fair distribution of their assets to the near and dear ones before the person bids farewell from the Earth.
Financial security is vital in old age, so should senior citizens consider gold investments for passive income? Learn more.
Cash flow is a critical aspect of retirement planning. While there are several income options post-retirement, seniors can also consider investments in Real Estate Investment Trusts (REITs).
PFRDA has changed the withdrawal rule for subscribers of the National Pension System (NPS) to allow automated periodic withdrawals from the NPS corpus fund.
As the gig economy expands, where job-hopping and moonlighting are common, people’s incomes have become increasingly unpredictable, making retirement planning a challenge.
The National Pension System is a social security scheme for all, whether working in organised or unorganised sectors. However, with no tax benefits in the new tax regime, is it beneficial? Read on to know more
If you start investing early for your retirement, you can reap the benefit of compounding, so start saving from your first salary itself. Here's what you can do.
Cancer treatment involves huge costs and can jeopardise your monthly budget if you are unprepared, so a cancer insurance plan can significantly reduce your financial burden.
Select your pension plan judiciously based on your requirements; for instance, if you club it with life insurance, the insurance coverage may not be as robust as term plans
As part of our weekly series on senior citizen profiles, Outlook Money, this time, features the story of Brahm Singh Saini, a retired superintendent engineer of the UP irrigation department.
Those who didn't do retirement planning in their prime can still make a considerable difference by starting in whichever phase of life they are now.
As part of our weekly series on senior citizen profiles, Outlook Money, this time, features the story of Kanpur’s retired Union Bank of India officer, Shashi Kant Gupta, whose inspiring life journey will help others chart their own path towards financial freedom.
Although most people retire at 60, retirement planning should start early because the pressure would be much greater if delayed to ensure a robust corpus fund that lasts longer.
The rising cost of living has increased retirement anxiety among the 40-year-olds in the UK, according to research. Here are some tips on how to deal with it.
Public Provident Fund (PPF) is a popular guaranteed return scheme for all age groups because of its tax benefits, flexible withdrawals, and a loan facility against the PPF corpus fund
As part of its series on senior citizen profiles, Outlook Money, every week, features people’s life journeys to inspire and instruct others from their experiences. Here, we feature I.P. Mishra, an accountant on a job extension at a Kolkata-based tea company
The National Pension System allows citizens to contribute a part of their income towards a pension fund, which they can withdraw up to 60 per cent on retirement
A Will is a legal document that authorises another person to execute his plans after death.
The Supreme Court, on September 1, 2023, said that children born from an “Invalid Marriage” have rights to claim a share in parents’ property, both self-acquired and ancestral
The role of retirement planning cannot be emphasised enough when social security benefits are insufficient. A recent study shows that women could face financial issues different from men
Outlook Money brings stories in the retirement series that captures the lives of retired Indians, their finances, and their attitude toward life. We hope our readers will draw out inspiration and lessons from their stories. Today we feature Ghanshyam G Sonkusare, who retired from the Maharashtra Government
Retirement can be challenging, especially for those who have recently retired from jobs, if they haven’t planned it well. Here’re some aspects they need to consider
During rising inflation, guaranteed return schemes often struggle, so senior citizens can also explore some equity exposures depending on their risk appetite. Learn more
Estate planning may be emotionally taxing and technically complex, but its importance cannot be undermined because of the uncertainties in life
Retirement is considered a relaxed stage in a life devoid of worries and a never-ending line-up of urgencies. But for singles, retirement could come with its own set of unique challenges
Prioritising goals is an important part of life, and planning them well is necessary for a stress-free retirement
Outlook Money Retirement is starting a new series that will capture the lives of retired Indians, their finances and their attitude towards life. We hope our readers will draw out inspiration and lessons from their stories. Today we feature R. Prashad, a retired counsellor from a Delhi government school
The life span is increasing with advanced healthcare and accessibility, and improved finances. That’s why it is so important to consider rising life expectancy while planning for your retirement
A “Power of Attorney” is a document that authorises a person to manage things and make decisions on somebody else’s behalf
Planning is critical for peace, financial security, and emotional and physical well-being after retirement, as your income could be limited or even non-existent post-working life.
New tax regime has eliminated various deductions under the Income-tax Act. Read on to learn if you can claim standard deductions in FY2022-23
Money received from children who are non-resident Indians (NRI) is not taxable, but it may raise questions by the income tax department for the remitter
One has to forgo various tax deductions if opting for the new tax regime, such as interest on a home loan under ‘Income from House Property’. However, there are still a few deductions that you can claim. Here’s a list of those deductions
Retirement planning requires time and effort. A good plan and following it through are keys to a peaceful retirement. Read on to know what else to keep in mind
Retirement planning needs time and constant effort. Read on to learn what first-time earners can do to plan for retirement
With rapid digitisation, the use of mobile phones for various banking services has increased manifold, and so have cybercrimes—tips to avoid such traps
Outliving your savings is one of the biggest risks in retirement. Here’s what you can do to make sure your savings outlive you
Medical costs often account for the biggest share of senior citizens’ expenses, and they can port their policy if they are unsatisfied with their health insurance coverage
The sovereign gold bond is a guaranteed income instrument. The government has announced the issue dates of SGBs in two tranches in June and September this year
Around two-third of the elderly experience abuse from their family members and suffer. Here’s how financial independence can help them
Avoid these mistakes while filing your income tax returns if you do not want the trouble of filing a revised one for providing wrong or incomplete information
The Income-tax Act, 1961 requires people to pay advance tax if their tax liability is Rs 10,000 or more in a financial year. However, seniors have some exemptions
The Reserve Bank of India kept the repo rates unchanged for the second time in a row this year. Does this mean the peak of rates and a good time for you to invest in long-term fixed deposits?
Seniors may receive gifts from children for their cash flow and other needs, and here’s the taxability.
If you plan to gift your inherited gold jewellery or sell it for some cash flow in your retirement years, then here are the taxation aspect and the capital gains tax provisions you need to be aware of
Retirement should bring about a peaceful life and freedom to live at your own pace. Smaller cities can offer these, but there are a few things you need to keep in mind before moving to a smaller city
One can hardly imagine the problems of senior citizens with limited financial means. In India, they are typically dependent on their children, but if you happen to be financially secure, here’s how you should contribute to the expenses while living with your children
The rate of interest on the Senior Citizen Saving Scheme has been increased to 8.2 per cent effective April 1, 2023. Also, the limit for maximum investment has been enhanced to Rs 30 lakh from this financial year. So, should you continue with your existing investment or withdraw and reinvest?
