Unlocking your home’s equity: How a reverse mortgage can secure your retirement

Unlocking your home's equity: How a reverse mortgage can secure your retirement

This financial tool offers a unique solution for elderly homeowners who may have significant home equity but few liquid assets. However, it also presents challenges and potential pitfalls that must be carefully considered before diving in. Let us explore the concept of reverse mortgages, their potential benefits and downsides in the context of the Indian … Read more

Budget 2024: How will the increased NPS tax deduction impact your retirement savings?

Budget 2024: How will the increased NPS tax deduction impact your retirement savings?

Budget 2024 has introduced significant changes to the National Pension System (NPS), aiming to make it more attractive and beneficial for private sector employees. One of the most notable changes is the increase in the tax deduction limit on the employer’s contribution to NPS, which has been raised from 10% to 14% of the basic … Read more

Ageas Federal Life Insurance launches Golden Years Pension Plan featuring Bluechip Pension Fund. Details here

Ageas Federal Life Insurance launches Golden Years Pension Plan featuring Bluechip Pension Fund. Details here

Ageas Federal Life Insurance recently introduced its latest product: Ageas Federal Life Insurance Golden Years Pension Plan featuring the Bluechip Pension Fund. This plan provides a complete solution to safeguard policyholders’ financial futures, ensuring that their retirement years are not only secure but enjoyable as well. Firstly, it operates as a Unit Linked Individual Pension … Read more

Retirement Planning: What plants should you grow in your savings orchard?

Retirement Planning: What plants should you grow in your savings orchard?

The other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the trees, plants, flowers, and the variety of flora we encountered. As we wandered among the blooms, his questions sparked a chain of thought in my mind. Reflecting on his inquiries, … Read more

Confused about retirement planning? 5 steps to get you started

Confused about retirement planning? 5 steps to get you started

Retirement is often seen as the phase of life following one’s exit from the workforce. It’s a time for relaxation and pursuing neglected hobbies or interests. Many opt to travel, bond with family, or engage in community service. Regardless of their pursuits, retirees share a common desire: to avoid worrying about income sources and constantly … Read more

4 best personal finance books that will expose your mind to the world of investing

4 best personal finance books that will expose your mind to the world of investing

Studying finance books can significantly enhance your financial understanding and help you achieve your objectives. Introductory texts provide fundamental principles, whereas more advanced ones explore detailed investment tactics. The books you choose depend largely on your goals. Reflect on why you’re reading a personal finance book: whether it’s to eliminate debt, plan for retirement, or … Read more