Planning For Your Retirement
Your retirement planning time horizon can be divided in to four major stages or phases: a) Accumulation and Growth Phase b) Transition Phase c) Consumption phase d) Transmission or ‘giving away’ phase One fundamental question you will face is when to start ‘investing’ for your retirement. Logical answer is soon after you receive your first ‘income’ [...]
Are Your Finances Under Stress?
If yes, how will you know about it before you run out of time? Similar to economic indicators of a country that can tell if economy is doing well or not, you can draw up these four financial statements to know about your finances. a) Income & Expenses Statement b) Cash Flow Statement c) Family [...]
Budget 2011 – A financial planner’s wish list
Once Dr Manmohan Singh stopped being the finance minister, the expectation from the annual budget was never high, barring few not-so-dreamy ‘dream budgets’ Chidambaram presented. Pranab Da being the old war horse of the Indian politics, I can expect him to give you a drink of boiled mineral water in this budget as well. That [...]
Why employer provided health/life/disability insurance cover is not sufficient?
Consider the following situations: 1. You are changing the job and there is a gap between leaving the existing job and joining a new job. 2. Due to high costs, employer does not provide cover to family members or limits the amount of cover. 3. You do not like the current job and have no [...]
