Closing your debt accounts will free up a lot of cash for other purposes. The problem, however, is how to pay off the debt early. Here are a few tips to help you formulate an effective strategy.  

Lending money after retirement can be financially more challenging and riskier than lending before your retirement, so it should be planned very well before you lend your money.

Diversifying your emergency fund across different financial instruments can optimize both the returns and the liquidity.

An executor plays a crucial role in a Will, so choose the person carefully to ensure fair execution of your wishes.

Before signing a loan agreement, thoroughly review the terms and conditions, including the interest rates, repayment plan, costs, etc.

The portfolio value must be less than Rs 10 lakh for all securities (debt or non-debt) at any point to stay eligible for Basic Service Demat Account.

You need to plan many things when you retire, but one of the important aspects that you must not miss out on is related to securing the financial well-being of your spouse.

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

Investors should gradually reduce their equity exposure and increase debt allocations with age to ensure capital appreciation and steady income; MF ratings shouldn’t be a factor for buying

There are several financial goals that one has to accomplish in one's life, but retirement is often the most challenging one. So, how to plan for retirement?