The Life Insurance Corporation of India (LIC) has launched a single premium ‘Smart’ pension scheme offering various individual and joint pension options. LIC’s statement explains that different cash options are available for partial or complete withdrawals according to the policy terms. The minimum purchase price for the pension scheme is Rs. 1 lakh. Below are … Read more
Getting a stable income after retirement is very important, but where you invest your money also matters significantly. Should you invest in a Systematic Investment Plan (SIP) in mutual funds, or is it more beneficial to invest in government schemes? Let’s explore the options. If you’re considering investing the funds received from retirement into a … Read more
Financial experts strongly advise that planning for retirement should begin as soon as you start earning. However, many overlook this crucial step, often underestimating the potential financial difficulties that could arise post-retirement. The longer you delay, the more you risk falling short of your retirement goals. The relentless march of inflation further underscores the need … Read more
In India, even though the retirement age is 60, many individuals are choosing to retire early, a trend that is becoming increasingly popular, especially among the youth. Some people begin contemplating retirement as early as the age of 30, often due to reasons such as job-related stress and lack of interest. However, retiring at such … Read more