Retirement is frequently viewed as the final phase of the human journey, but in reality, the groundwork for a secure and enjoyable retirement must be established far earlier. The quotation "Sar Uthaake Jiyo" resonates strongly with today's Indian youth, who want to live freely and with dignity without relying on children in future. This goal emphasizes the necessity of early and deliberate retirement preparation, beginning with the first paycheck. Here's why retirement planning is essential for a safe financial future.
Starting Early: The Power of Compounding
The road to retirement begins with your first salary. The compounding principle, which allows your assets to grow exponentially over time, works best when you start early. By committing even a tiny amount of your income to retirement savings from the start, you may leverage compounding to establish a substantial nest egg. This systematic strategy guarantees that your investments have enough time to grow, giving a financial buffer to help you in your golden years.
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BUDGET & YOU: NEW REGIME BEATS OLD IN FY26
Lower tax slabs and nil tax on incomes up to 12 lakh has not only provided relief to middle-class families but also rendered the old tax regime irrelevant for most of them. The government also renewed its focus on senior citizens
Consistent Returns In Hybrid Space
The Indian equity market is going through rough waters, leaving investors uncertain about whether to choose equity or fixed-income investments. Experts, meanwhile, predict higher volatility and recommend a safer approach.
BEHIND THE MIND GAMES THAT END IN 'DIGITAL ARREST'
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With the budget putting more money into the hands of people to boost consumption and increasing foreign direct investment in insurance, certain consumer-oriented sectors, such as FMCG, auto, as well as manufacturing are expected to do well, but think before investing
Pre-Existing Diseases In Insurance
Understanding pre-existing diseases (PEDS) in health insurance is crucial because they can affect your coverage and premiums. Pre-existing conditions, such as diabetes or heart disease, are health issues you may already have and know of before purchasing insurance.
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The 'Gap' In Long-Term Returns
There is a significant gap in the nominal and inflation-adjusted returns across asset classes. So, reading long-term trends is important before making investing decisions
Changed Jobs? Where is Your EPF Money?
For many employees, transfer of EPF becomes a nightmare when changing jobs. We give you the likely problem scenarios and what you should do for a seamless transfer of your EPF upon changing jobs and states
Old-New Break-Even Point Is High
The break-even point for deductions to choose between the old and new tax regimes has increased to â¹8.50 lakh for income of â¹24.75 lakh and above. Normally, deductions and exemptions commonly claimed by salaried individuals do not exceed â¹8.50 lakh
How Not To Be Financially Vulnerable
We often naïvely assume that our monthly pay cheques will cover whatever life throws our way. But it may not cover all our emergencies, which is why we need to create a safety net
