How to plan educational loan repayment effectively? MintGenie explains
According to the data shared in parliament, during a Lok Sabha session in February 2023, student loans amounting to ₹39,268.82 crores were disbursed over the past decade. Embarking on the education loan journey marks the initial stride towards financial independence for students, and responsibly repaying it is essential to build a healthy credit score. Therefore, […]
Laid off? Here’s how to find new work faster
Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the labor market, based on tens of thousands of workers who have been laid off since 2024 started. U.S. employers announced 82,307 job cuts in January, up from […]
Here’s how to get a faster tax refund, expert says
D3sign | Moment | Getty Images Tax season has kicked off and the IRS has started to process 2023 returns. If you’re expecting a refund, there are a few ways to get the money faster, experts say. Often, “self-inflicted mistakes” cause refund delays, according to Mark Steber, chief tax information officer at Jackson Hewitt. The […]
How to make the most of tax benefits by investing in insurance products? MintGenie explains
Entering the new calendar year brings you nearer to the conclusion of the financial year. It is essential to comprehend your tax obligations before establishing any financial objectives. Examining your financial situation provides a comprehensive view of your present standing, and skilfully integrating insurance can yield various advantages beyond mere protection. Insurance products play a […]
Retirement Planning: 3 top experts share crucial tips on how to effectively prepare for golden years
But, this Golden Age of your life is when your biggest challenges start – finances and health-wise. And experts state that you better start your planning in right earnest. “Retirement demands meticulous financial planning to ensure that your golden years are fulfilling and financially secure,” says Anup Seth, Chief Distribution Officer, Edelweiss Tokio Life Insurance. […]
Mutual Funds: How to build wealth through systematic investment plans in 2024?
For long-term wealth creation in India, investing in mutual funds through SIPs (Systematic Investment Plans) has become one of the most prevalent and successful strategies. SIPs give investors the ability to systematically accumulate wealth by allowing them to invest a certain amount into the mutual funds of their choice at frequent intervals, usually every month. […]
Retirement Revolution: How to use the 555 formula to retire early?
The onset of the new year prompts a sensible commitment to dedicating daily hours to enhance one’s understanding of personal finance. Our journey begins with an exploration of the rule of 72, paving the way for investors to delve into aligning their investment strategies with retirement planning. Recognizing that not everyone aspires to work indefinitely, […]
Financial Planning: 4 experts share tips on how to plan your finances for 2024
Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration you want to remain invested for. Diversification is one of the most important techniques in financial planning and investment. It is basically not putting all your eggs in one basket and hence aims to […]
Here’s how to prevent a costly divorce
We all know divorces are not uncommon in the U.S. Some of the most public splits over the years have included those of celebrities such as Johnny Depp and Amber Heard, Jennifer Lopez and Marc Anthony, Katie Holmes and Tom Cruise, and most recently, Joe Jonas and Sophie Turner. In 2021, there were nearly 700,000 […]
Here’s how to use exchange-traded funds in your portfolio, experts say
Morsa Images | Getty Images Whether you’re a new or a seasoned investor, exchange-traded funds, or ETFs, are one option for your portfolio, depending on your goals and risk tolerance, experts say. ETFs are a wrapper for individual assets such as stocks and bonds, similar to mutual funds. However, many ETFs have better tax efficiency […]