Should You Invest In Immediate Annuity Plans In Retirement?

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

Senior Citizen Credit Card Users: 3 Things You Must Not Do

While UPI and debit card users can make a payment to the extent funds are available in their bank accounts, credit card users must repay the utilised amount within the due date to avoid interest and penalty.

What Type Of Credit Card Is Best For Senior Citizens?

Credit cards can prove to be a versatile spending tool for seniors. How to find out which credit card would suit best to seniors?

Should Senior Citizens Use The BNPL Facility?

Nowadays, Buy Now Pay Later (BNPL) is quite popular among people looking for short-term financial support to meet their spending needs. Should seniors avail such BNPL facilities?

Renting Out Your Property After Retirement? Here Are A Few Things To Consider

People normally invest in annuities, SCSS, etc. to get a decent return for meeting their expenses. However, if you have a residential property, you can rent it out to earn a decent rental income for the rest of your life after retirement.

What Are The Benefits Of Using Credit Cards For Senior Citizens?

Credit cards are not only useful for working people, but retirees too can use credit cards and benefit from their versatile features

Why You Should Have Alternative UPI IDs For Google Pay, PhonePe Transactions

In the last five financial years, UPI transactions and their value grew at 147 per cent and 168 per cent compound annual growth rates (CAGR), respectively.

How SWP Plans Work And How They Fulfil Cash Flow Need For Senior Citizens

With a Systematic Withdrawal Plan (SWP),the investor can choose the amount and time of withdrawal—monthly, quarterly or yearly, providing flexibility and ease.

On Christmas, Show Old Parents You Care With These 5 Financial Gifts

Your old parents may not ask you for help, but you can find out their needs and support them financially.

How Do You Transfer A Gold Loan From One Lender To Another?

However, one must weigh whether the benefits offered by the new lender can compensate for the prepayment charges of the existing loan.

Are Liquid Funds A Good Choice For Emergency Corpus?

Both liquid and long-duration instruments like annuity, public provident fund (PPF), National Pension System (NPS), etc., are necessary to make the portfolio effective for all situations