Goal-Based Investing – How to evaluate and implement financial goals? Goal-based investing is an investment approach that considers one’s end financial goal, hence helping the investor make investments that complement the end goal. By linking the investments to a goal, the aim of this approach is to systemize savings over a specific duration to yield … Continue reading Goal-Based Investing – How to evaluate and implement financial goals?
4 Proven Strategies to Pay Your Loans Faster Generally, we all take various loans and would keep paying EMIs every month. Due to covid pandemic, there are several businesses that got shut down for several months. Lockdowns have created more stress as there is less cash flow in the business. It is becoming difficult for … Continue reading 4 Proven Strategies to Pay Your Loans Faster
We always have that one big dream of owning a home, for which we strive to make it come true. But end up puzzled, realizing that we need a huge investment to realize it, especially during these pandemic days. Thanks to home loans, you no more need to wait to save up to a large … Continue reading 6 Factors that determine your eligibility for Home Loan
EDLI Scheme 2021 – Features, Benefits and How to Claim Employee Deposit Linked Insurance or EDLI, is the insurance cover provided by the EPF Office to all private sector salaried employees. Recently, Govt of India has enhanced this EDLI Scheme (EPFO Insurance Scheme) from Rs 6 Lakhs to Rs 7 Lakhs. Due to covid-19, there … Continue reading EPFO Insurance (EDLI Scheme 2021) – Features, Benefits and How to Claim
How to Unfreeze NPS account Online? NPS is one of the best retirement tools in India. NPS investments can help you to meet expenses during post retirement life. While you might be planning to invest in NPS during young or middle age, you might experience NPS being frozen. You might not be able to contribute … Continue reading How do I Unfreeze my NPS account?
How Two Bucket Strategy can help to get regular fixed income? Earlier, we have discussed how 3 bucket strategy can help to create wealth in long term. There is another way to look at bucket strategy where one can get regular income. If you have accumulated a corpus and want to effectively utilize them by … Continue reading How Two Bucket Strategy of Investment can help to get regular fixed income?
How Bucket Investment Strategy can help wealth creation in the long term? Many of us would invest in equity or mutual funds or fixed income options. Sometimes, by getting tempted with returns, we might move money from one bucket to another bucket. This unplanned movement of funds can restrict us to get higher returns in … Continue reading How Bucket Investment Strategy can help wealth creation in the long term?
Personal Loans – Features, Eligibility, Documents Required and How to apply A personal loan has many forms. Sometimes it is known as a wedding loan, a medical loan, a travel loan, a top-up loan, etc. The reason behind this is that a personal loan can be taken to pay for a wedding, to pay for … Continue reading Personal Loans – Features, Eligibility, Documents Required and How to apply
Income Tax on EPF interest for contributions above Rs 2.5 Lakhs In Union budget 2021-22, Finance Minister has announced that there would be an income tax on EPF interest for EPF contributions above Rs 2.5 Lakhs in a year. This has created some confusion / havoc for employees who are contributing a higher amount where … Continue reading Income Tax on EPF interest for contributions above Rs 2.5 Lakhs
Union Budget Highlights 2021-22 – Key Takeaways Finance Minister, Nirmala Sitaraman has presented Union Budget 2021-22. Salaried people are disappointed with no change in tax rates nor any benefits provided to them. Even some of the reliefs / benefits provided earlier are taken away. In this article, let me provide you a quick summary of … Continue reading Union Budget Highlights 2021-22 – Key Takeaways