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Showing posts from June, 2017

How Financial Planners plan your Retirement expenses?

If you are 30, married and living in some Metro, chances are that you are spending close to 30,000/- every month on your household. You pay every month for services like phone bill, dish TV, maintenance, groceries, milk, maid expenses, and so on. While the rule of thumb says that we should save close to 30% of our monthly income but the truth is that something or the other keeps coming up and we end up saving very little. And on top of it majority of us have loans on us, be it a personal loan for maintaining our life style or a home loan for that dream home of ours.

Chances are that as your family grows and your lifestyle improves, these expenses will also grow along with. As a matter of fact, your growing salary will compensate for your growing monthly expenditure. But, what will happen when you stop working. How will you adjust your increasing monthly expenditure with your never growing or static pension?
Let’s assume your expenses are Rs. 30,000/- per month and will grow at only 7…

Best Father’s Day Gift

It is a well-known fact that Fathers are their children’s first Hero’s. We all love our father and treasure the things they did for us during our childhood and even now when we are parents ourselves, they still love us like kids and are ready to help us in any situation we face. These are Online times, where you can get almost all the stuff at a click of button. Not only products but if you look at the services also you can finish most of the chores online, be it paying electricity bills, paying your phone bills, or even banking. Gone are the times when our parents had to stand in the long queue waiting for their turn to pay the bills. We are the ones born in the digital era, where we finish all stuff on our smart phones itself. But have we ever wondered that our parents are the ones who still struggle doing all these things physically. How many times have you received a call from your dad asking you about how to operate something online? And we get irritated and tell them to call la…

You won’t retire as your parents did

My Dad sits comfortably in his rocking chair and thinks I’m running too fast for my age. Yes, the times have changed, but the thing which hasn’t changed is our Old Age. Everyone or should I say everything around us will grow old one day including us. But there is a difference in the manner our parents retired and the way in which we are going to retire. Let’s discuss some of those differences for us to plan our old age better.
1.Way of Life

Our parents had a very systematic way of living and far less distractions around. They were able to manage their income and expenses in a very beautiful manner. Plus, we as kids were far less demanding than our kids. But now, the scenario has changed, we want everything ranging from fancy gadgets to lavish international holidays. And to achieve all this we spend lots of money which results in lesser savings for old age.
2.Longevity

With advanced lifesaving technologies, the average life span has increased today and will increase further. Medical tre…