Retirement Planning in 3 easy steps

Retirement Planning is an important exercise. However, many people do not take it seriously. This may be due to lack of knowledge, a lake of time or ignorance towards retirement planning. When I was in college my professor use to tell us one simple thing – Dying early is a big risk, so that living a long life is. (जल्दी मरना जितना बड़ा रिस्क है उतना ही बड़ा रिस्क है लम्बा जीना!) when everyone wants to live a long life […]

National Pension Scheme and Atal Pension Yojana main differences

National Pension Scheme (NPS) and Atal Pension Yojana are most popular social security schemes launched by the government of India. Both these schemes are intended to provide a pension at the retirement age. So, why two different pension schemes are required? What are the differences between National Pension Scheme and Atal Pension Yojana? Let’s try to figure out the difference between these schemes. What is National Pension Scheme? National Pension Scheme is retirement saving pension scheme launched by the government […]

NPS -New Pension Scheme with New tax benefits

In Budget 2015 new tax benefit is announced for NPS – new pension scheme, this makes NPS more attractive from investment point of view. Let’s take a quick look at new pension scheme and applicable tax benefits. What is New Pension Scheme? New Pension Scheme is retirement saving pension scheme launched by government of India. This scheme is also known as national pension scheme. This scheme is regulated and administered by PFRDA. NPS offers two types of account – Tire I […]

How to do Successful Retirement Planning?

Today everyone wants happy and healthy retirement life, but very few people do planning for the same. If you are one of them it’s time to do retirement planning. Please refer to our previous article to know how much money is required for your retirement. Once you come to know about requirement of your retirement fund it is time to work towards achieving same. Here is systematic way for retirement planning. Retirement Planning Step -1 Determine how much money you […]