Category Archives: Financial Planning

Every indi­vid­ual looks for­ward to spend­ing their post retire­ment years in the lap of luxury.This rel­a­tively chal­leng­ing task can be a breeze if one lives by the ten com­mand­ments of retire­ment plan­ning. Fol­low­ing are the retire­ment mantras that ensure that you lay back and relax in the lat­ter years of …

Every indi­vid­ual should plan their retire­ment effec­tively. A retire­ment pen­sion plan is a must for each and every indi­vid­ual. Retire­ment pen­sion plans are mainly pro­vided by Insur­ance com­pa­nies that pro­vides reg­u­lar pre­mium post retire­ment phase or no income phase. Let’s first under­stand what is a retire­ment pen­sion plan? What is retire­ment …

Retire­ment is a phase which every­one has to come across in life. It is a period in which the indi­vid­ual decides to be unem­ployed due to per­sonal rea­sons or age. Hence it becomes very impor­tant for indi­vid­u­als to plan for their post retire­ment life in order to main­tain a com­fort­able …

Finan­cial Plan­ning and Tax Plan­ning are same Finan­cial Plan­ning and Tax Plan­ning are com­pletely dif­fer­ent, so do not con­fuse your­self on these two terms. Tax Plan­ning is a sub-set of finan­cial plan­ning. Finan­cial Plan­ning focuses on the entire finance of the per­son whereas tax plan­ning is about sav­ing tax. Finan­cial Plan­ning is …

Finan­cial Plan­ning process starts from under­stand­ing & exam­in­ing your cur­rent sit­u­a­tion, gath­er­ing rel­e­vant finan­cial infor­ma­tion, set­ting up finan­cial goals (short term & long term) and final­iz­ing a plan in detail. This will cover how to meet the finan­cial goals in the cur­rent sit­u­a­tion and future plans. Step by Step approach …

A close friend of mine checked her bank bal­ance recently and found that she has no sav­ings in her bank account. She is not the only one who has faced this prob­lem. I asked her a ques­tion – What hap­pened? What did you do with your money? The answer to …