Navigating – and optimising – the three phases of wealth creation

Navigating - and optimising - the three phases of wealth creation

The importance of wealth creation extends far beyond individual prosperity – it’s a catalyst for societal progress and national development. As we embark on this journey, it’s crucial to understand why wealth matters and how it can be harnessed at every stage of life. However, the path to wealth creation varies across life stages, each … Read more

How you can retire in Europe with Portugal’s passive income visa

How you can retire in Europe with Portugal’s passive income visa

Portugal’s D7 visa offers an option for retirees to gain residency if they meet certain passive income requirements. Mint takes you through what you need to apply for the D7 visa, which is also known as Portugal’s passive income visa. Financial eligibility As mentioned earlier, the D7 visa requires applicants to meet certain minimum passive … Read more

Retirement Planning: With UPS in the fray soon, is it the time for govt employees to exit NPS?

Retirement Planning: With UPS in the fray soon, is it the time for govt employees to exit NPS?

As you are aware that the Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed, inflation-linked pensions to subscribers. As of now, the scheme is meant only for 23 lakh central government employees and the state government employees are permitted to opt for them. Wealth … Read more

Systematic withdrawal plans: Why should you opt for SWPs instead of lump sum after meeting financial goals?

Systematic withdrawal plans: Why should you opt for SWPs instead of lump sum after meeting financial goals?

One of the key objectives of investing is to meet your financial goals. And if you have already achieved them, what should be your course of action? The standard response would be to redeem your investments and withdraw the money so that you can use the same towards your goals. However, this is not an … Read more

How young professionals are finding new gigs to diversify their income

How young professionals are finding new gigs to diversify their income

With new skill-based gigs emerging as viable options for generating income, more young professionals are now seeking jobs they can do in their spare time. Here’s a look at how some are pursuing their passions while creating additional income streams. Organizing spaces Raina Jain, a 32-year-old finance professional based in Mumbai, has been balancing a … Read more

When should one shift equity mutual fund investment to debt investments?

When should one shift equity mutual fund investment to debt investments?

I have turned 50. I have been investing in equity mutual funds for various goals. At what age should I switch from equity to debt? This is a critical question for which different people give different advice. The answer would also vary depending on the specific goal for which specific investments were made and the … Read more

Healthcare in Retirement: How to insure yourself amid rising medical costs

Healthcare in Retirement: How to insure yourself amid rising medical costs

Medical inflation ranges from 15% to 45% compared with normal inflation of 6-8% per annum. With more people falling prey to lifestyle diseases, retirees have to deal with the astronomical costs of medical treatment for not only themselves but their spouses as well. Spending on the healthcare sector has increased tremendously in the past few … Read more

From bankruptcy to financial freedom: A Mumbai-based couple’s journey of resilience

From bankruptcy to financial freedom: A Mumbai-based couple's journey of resilience

Forced to rebuild from scratch, the Mumbai-based couple, now in their early 50s, navigated corporate comebacks and personal sacrifices to stand as a testament to the power of perseverance and being financially savvy. Today, they believe that true wealth lies not just in earning, but in managing what you have. Early life With a shared … Read more

How this Darjeeling-based coder is aiming financial independence with ₹15-cr corpus

How this Darjeeling-based coder is aiming financial independence with ₹15-cr corpus

His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more

How this dentist is saving for his retirement and his son’s education

How this dentist is saving for his retirement and his son’s education

Das started his financial planning journey in 2020, but he was not a first-time investor. “I had made my first mutual fund investment in 2012 and kept making investments here and there, even in some stocks. However, I had to withdraw nearly all my investments in 2016 to cover my wife’s medical emergency and make … Read more