Investing Insights
Retirement Planning Tips for Married Couples
So, you went ahead and tied the knot with the man or woman of your dreams. It’s a time of celebration, and surely, retirement planning is the last thing on your minds! However, this is actually the best possible time to get your heads together and consult a retirement planner . You’ve got time on our side, and would be mentally open to establishing “joint” money values that you will carry forward into your life together. Here’s what you need to do.
How Financial Advice is helpful in Investment Planning
With the widespread proliferation of FinTech based DIY (Do it Yourself) investment planning platforms, the role of a financial advisor has taken a backseat in the minds of some people. While the convenience and ease of transactions that these DIY financial advice platforms provide cannot be disputed, the ultimate efficacy of financial advice is the end outcome – which is, does it enable you to achieve your financial goals or not? And anecdotal evidence suggests that platforms that remove the financial advisor from the investment planning process are usually found wanting when it comes to this litmus test.
How can you make the best use of a SIP Calculator?
If you’re new to Mutual Fund investing, the first question that you’ll ask is whether you should invest a lump sum or start a SIP (Systematic Investment Plan). If you decide on a latter, a Mutual Fund SIP Calculator can be extremely helpful. However, a lot of investors who are new to SIP investments tend to remain confused about how to use a SIP calculator to arrive at an investment plan that is optimally suited for their financial goals. Part of this confusion about the SIP calculator stems from the fact that many investors end up confused about how SIP returns are calculated in the first place!
The benefits of ELSS investment for the salaried class
ELSS Funds (Equity Linked Savings Schemes) are one of the best options for saving taxes under Section 80C. In a nutshell, an ELSS is an equity-based, diversified tax saving mutual fund scheme with a hard lock-in period of 3 years.
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