RETIREMENT CORPUS
NPS tax benefits: National Pension System tax deductions you can claim under old and new income tax regimes
NPS taxation: The NPS is an optional retirement scheme that functions based on contributions made by individuals. Its main purpose is to ensure a regular pension income for individuals after they retire. You can avail tax benefits for NPS under three sections of the Income-tax Act, 1961 in India: Sections 80CCD (1), 80CCD (1B), and 80CCD (2). Now, let's delve deeper into each of these sections.
Seven reasons why you should never retire
The opportunity to get out of the house and engage in another economic activity enables learning and staying updated. Research shows that the seniors who continue to work after retirement are more technologically savvy, can travel independently, protect themselves from scams and frauds, and remain resourceful about how to get things done.
Retirement planning: How and where to invest if you want to retire at 50
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Why financial planning must continue after retirement
Subir Malhotra, after retiring from his corporate job, needs to secure his retirement corpus in income-generating products like bonds and bank deposits. Asset allocation must be adjusted to reflect his short-term goals and risk aversion. Redeeming PPF savings for debt funds is advised.
Freedom SIP: A way to financial independence
Freedom SIP is a specialized investment plan offered by various mutual fund houses that combines the benefits of SIP (Systematic Investment Plan) and SWP (Systematic Withdrawal Plan). This approach allows investors to build wealth through regular SIP contributions and then receive a steady income through SWP withdrawals.
How mutual fund SIP, NPS can help in achieving financial freedom
Mutual fund SIPs and the NPS can help achieve financial freedom through early investment, compounding and strategic fund selection. Emphasis was also placed on portfolio diversification and the importance of aligning investments with personal risk tolerance and financial goals for long-term independence.
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Retirement planning: Defer retirement to build sufficient corpus
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
NPS Vatsalya announced, another tax nudge for NPS in Budget 2024: All you need to know
Private sector employees can now avail of 14% tax deduction, up from 10%, on the employer’s contribution to their NPS account.
ET in the classroom: Manage your cash flows smartly with systematic withdrawal plans (SWP)
Retirees prefer SWPs in hybrid and large-cap mutual funds for stable, tax-efficient monthly income. Units sold offer balanced withdrawals, reflecting market movements. Avoid volatile sectoral funds. SWPs provide long-term tax benefits, unlike high-tax dividends and TDS on amounts over ₹5,000. Flexible SWP activation can be based on need, managed through mutual fund houses.
Retirement income: Why we need both, an income stream and a corpus
A monthly allowance will keep it simple and straightforward. The children and parents can agree on the amount and the former can simply credit it like a monthly pension or income. The dependent parent, spouse, sibling or relative is spared the discomfort of asking and enjoys the discretion to spend and save.PSM ID:
How to deploy Rs 2 crore inheritance to meet child education expenses & retirement goals
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Want to retire at 50? Start early, save regularly to achieve FIRE
Financial independence, retire early (FIRE) is a movement focused on extreme savings and aggressive investment that aims to allow people to retire much earlier than is possible through traditional budgets and retirement plans. Detailed planning, budgeting discipline, and smart investment are key components to achieve an early retirement.
Tweak NPS allocation, increase SIPs by 5% every year to achieve ambitious goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
MF Query: Planning for retirement? A 10% increase in SIP can double your portfolio value in 20 years
Devadas Shenoy seeks SIP guidance for retirement planning. Girirajan Murugan advises diversifying across styles, increasing SIPs annually for accelerated growth, and warns on sector funds' risk. Strategic planning can optimize returns and mitigate risks over 28 years.
NPS partial withdrawal rules 2024: 7 instances when you can apply for partial withdrawal from NPS corpus
NPS partial withdrawal rules: NPS is a market-linked defined contribution scheme that helps you save for retirement. The scheme is simple, voluntary, portable and flexible. An NPS member can withdraw partial withdrawals from their retirement funds to meet certain requirements without compromising their monthly stipend upon retirement.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Spending at ease in retirement: Follow these 5 rules to grow your savings at all times
The fear that the retirement corpus will not be enough comes primarily from it being small. It is also stoked by how the corpus is invested. The conservative mistake of earning years is repeated in retirement. The money is invested in debt products and income earning assets. Many retirees believe that equity investing will put their lifetime savings at risk.
Where should you invest when saving for retirement?
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
MF Query: 50 years & planning retirement? 1.1 lakh monthly SIP can grow to Rs 3 cr in 11 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Explainer: Thinking about how much to invest to achieve Rs 1 crore corpus? Here is the guide
Many mutual fund investors are not aware of the amount they need to invest to reach their desired goal or target corpus. If you want to confirm or know the amount you need to invest on a monthly basis to reach your desired corpus, you can use excel to calculate the investment amount.
To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month
"There are 4 pillars of retirement income namely, social security, employment-based plans, personal retirement assets and family / social structure. Social security in India is not as developed or as widespread as the ones in advanced countries. Only people working in the organized sector and for the government are eligible for employment-based pension plans," says Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.
From paperwork to e-KYC: How digital platforms are streamlining NRI mutual fund investments
NRIs are increasingly drawn to India's mutual funds via digital platforms, driven by diverse options and high returns. The investment landscape sees growth with enhanced transparency and financial inclusion, expanding India's investment ecosystem.
How to build a tax-free retirement corpus
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Retirement planning: What is the 4% rule for retirement withdrawals?
Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income while also preserving an ample amount of funds for the future. Adhering to the 4% withdrawal guideline can notably diminish the possibility of depleting one's savings prematurely, thus increasing the chances of financial stability throughout retirement.
'Sequence of returns’ risk can wreck your retirement planning: How to protect retirement corpus from it
'Sequence of returns’ risk is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to sequence of returns risk. Find out how to protect your nest egg from negative returns in the years before or after you quit work.
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