admin January 18, 2021

Why you shouldn’t rely just on EPF for building retirement
Photo: Mint Why you shouldn’t rely just on EPF for building retirement corpus 3 min read. Updated: 18 Jan 2021, 06:39 PM IST Renu Yadav. EPF is primarily a debt product as the majority of its …


Do recurring investment for yearly goal
If the PF corpus is not withdrawn after retirement, the account will become inoperative after three years the interest earned on EPF post retirement will become taxable in case there is no fresh…


3 things you shouldn’t ignore while doing retirement
Not having a proper plan in place for such expenses might disturb your other savings such as fixed deposits, etc. Some people even withdraw money from their EPF corpus to buy a house. While building a corpus for retirement, it is ideal to prepare a contingency fund. This fund should have money equal to nine months to one-year household expenses.


Do you know, Interest On EPF Is Taxable Even Post …
While EPF is one of the most popular retirement savings options, you shouldn’t rely solely on it. Although EPF invests (upto) 15% of its corpus in equities, which earns higher returns, it continues to be a debt-dominant savings option. Hence, you should not rely exclusively on EPF for your retirement planning.


EPF or NPS, which one is a better retirement saving option …
EPF offers guaranteed returns and is debt-heavy investment, while NPS is a low-cost product, which gives the flexibility to have higher allocation to equity for building a retirement corpus. For


Post retirement, interest earned on PF becomes taxable
During employment, employees typically rely on provident fund as their lifeline mainly to build their retirement corpus.On top of it, the tax-free status given to PF, makes it an attractive …


Professionals should not be lax about their retirement
As they don’t have a retirement target to meet by a specific age, they tend to ignore the importance of building a retirement corpus. But life can be unpredictable, and plans can easily change by…


PF account earns interest even when you quit working
If you don’t withdraw PF corpus after retirement for three years, the account becomes inoperative The interest earned on the PF account may become taxable in case there is no fresh contribution to…


PF Withdrawal Without Employer Signature – All You Need To …
Provident Fund is a retirement corpus that you gradually build. It serves as the most beneficial financial instruments. There is no burden, as little amount of contribution is required every month. Moreover, you earn the handsome interest of 8.75% p.a on your contribution. That’s why you should not opt for the pre-mature withdrawal.


Employees Provident Fund: Do not overlook EPF while …
Lastly, while you can withdraw your EPF money to meet crucial financial requirements, it’s best to keep it undisturbed till your retirement age so that it gets ample time to swell into a big corpus


How to protect your life earnings against inflation?
Parking your entire investment corpus in stocks isn’t advisable for anyone, but if you’re planning for retirement or are on the verge of retiring, dedicating 10%-20% of your portfolio to …


3 Reasons You Shouldn’t Stop Contributing to Your 401(k …
If you invest $10,000 in your 401(k) that would’ve been taxed at 22%, your $10,000 contribution actually reduces your take-home income by just $7,800 thanks to the $2,200 in tax savings you get.


I have no retirement savings; how should I start now?
Suppose you wish to create a retirement corpus of Rs 6 crore by the age of 60. If you begin now aged 30, then you need about Rs 18-20,000 per month for the next 30 years.


Employee Provident Fund – EPF Contribution & PF Balance Check
Why you shouldn’t withdraw the EPF before 5 years. While you can partially take a loan when you face emergency situations, withdrawing the entire amount of your EPF corpus will eliminate the bigger benefits that you may have reaped if you had allowed the EPF to grow over a longer term. Take a look at the two most important reasons why you


All You Wanted to Know About Restriction on EPF Withdrawal …
Of course, the move by the government to clamp down on total withdrawal of EPF, comes on account of individuals withdrawing their entire EPF corpus when they changed their jobs. This withdrawal led to people not building a good retirement corpus. If viewed from this angle, this is a good move.


Should an employee opt for a VPF as returns on other fixed …
An EPF account caters to one’s retirement needs. The money contributed towards VPF, which represents additional savings towards retirement, would, therefore, get locked-in for long. Do not treat it as a short-term investment move.


A Reliable Strategy to Ensure You Have Enough Money When …
Just like every year, … you can allocate some portion to PPF and EPF as well as they are potent avenues, but do not solely rely on them to grow your retirement corpus. Table 2: Indicative Category wise Allocation for One’s Retirement Portfolio. Age Group … a comprehensive guide to plan for your retirement and potentially build a substantial …


Keys To Successful Retirement Planning – BankBazaar
Don’t just rely on your savings or your pension to tide you over. Seek the advice of experts and invest in plans which are especially designed to help build a retirement corpus. There are several options available like mutual funds, annuity plans, fixed deposit, PPF, life insurance and much more.


EPF Calculator – Employee Provident Fund (EPF) calculator …
Our EPF calculator will help you to estimate your Employee Provident Fund (EPF) corpus at the time of retirement. You just need to enter the current balance of your EPF account or Pension fund account and your Employer’s contribution towards your EPF account.


Retirement Calculator for Retirement Planning – PeronalFN
Retirement Calculator is an online tool which will help you to calculate your retirement corpus. Further, you can use this Retirement Calculator to find out the future value of your current expenses. If you wish to live a better lifestyle of what you are living you need to know the necessary retirement funds needed.


Analysis – Wealth – The Economic Times
Here’s why you shouldn’t just bank on NPS, consider retirement mutual funds Feb 2, 2015, 09:14 AM IST. Unlike the NPS, the maturity proceeds from these retirement schemes will be tax free because long-term capital gains from equity funds are not taxable.


Do you want to Retire Early in India? A detailed guide …
You will get a lot of wake-up calls mostly around the state of your health, investment returns , wasteful expenses and whether you really have any true passions in life or were you just lying to yourself about “dreams & passions” to mentally escape from job stress 😉 So while planning for Early Retirement also work on your passion on the …


fi – IndiaInvestments
You need to figure out your required retirement corpus and start building towards it. Assuming you have a life expectancy of 75 years, this corpus of yours should be able to support you for approximately 20 years past your retirement. I hope I didn’t scare you. Did I scare you? I did want to scare you but just a little bit.


Don’t shun equity: A monthly investment of Rs 5,000 could …
But, even at a moderate return, equity can still help build a bigger corpus for you. At a CAGR of 8%, a monthly investment of Rs 5,000 in a debt instrument will grow to Rs 70.88 lakh in 30 years. But if you put the same money in an equity-based instrument that gives 12% compunded returns, your corpus will be more than twice as big at Rs 1.54 …


Retirement Plans – Pension Scheme Life insurance Plans in …
Don’t Just Rely on Traditional Schemes : Traditional Retirement Schemes like PPF or EPF may be reliable and time-tested, but they will hardly suffice as a steady income post retirement. Hence, always thing of other retirement plans such as ULIPs.


Investment Saving | Personal Finance – Economic Times
Here’s why you shouldn’t just bank on NPS, consider retirement mutual funds Feb 2, 2015, 09:14 AM IST 5 ways to know if you are falling in debt trap Jan 28, 2015, 02:42 PM IST How much insurance cover do you need?


What should you include in your retirement portfolio?
If you want a regular pension in retirement, do look at NPS in the retirement portfolio. NPS discourages an early exit and on doing so, you get only 20% of the corpus. The remaining 80% must be …


Retirement Planning: Pension plans or Mutual Funds …
You are not just limited to mutual funds if you are building a corpus for your retirement. You can invest in PPF or EPF (voluntary contributions) or any other instrument too. It is not always wise to keep your entire retirement corpus in equity funds. You will need to keep some portion in debt too.
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