Beyond The Nest Egg: Strategies For Stable Income Throughout Retirement
Retirement planning demands a holistic approach that makes use of different financial instruments and strategies to ensure a steady income.
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Retirement planning demands a holistic approach that makes use of different financial instruments and strategies to ensure a steady income.
The Reserve Bank of India (RBI) has maintained a cautious stance on inflation, keeping the repo rate unchanged at its five previous Monetary Policy Committee (MPC) meetings.
Public Provident Fund (PPF) is a long-term scheme for retirement with tax benefits. Historically, it provided more than 7.0 per cent returns annually
A district consumer forum has imposed a Rs 50,000 penalty on India Post for failing to pay interest to a customer on his public provident fund contribution during the extended period.
The National Pension System (NPS) is a market-linked pension savings instrument with variable returns, while the Public Provident Fund (PPF) offers fixed returns set by the government.
Each pension scheme produces different results, and investors can choose them based on their financial requirements after retirement.
Government pension schemes can help senior citizens save on taxes and accumulate a bigger corpus at retirement.
Studies show that most people have yet to embark on a retirement plan, although their mindsets are changing, and they know the value of financial planning.
Tax exemptions on pension and annuity products and term life insurance plans incentivise taxpayers to save for retirement, so enhancing the tax benefits will encourage more people to do so, says an expert.
Public Provident Fund (PPF) is a long-term investment scheme designed for small investors with a range of benefits, from guaranteed returns to tax exemptions.
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