In the face of unexpected health challenges, health insurance can either emerge as a dependable ‘knight in shining armour’ or a ‘complex labyrinth to navigate’. Regrettably, in the aftermath of an emergency, individuals often develop a less favourable perception of both insurance and insurers. This perception primarily stems from a lack of understanding of the … Read more
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. … Read more
As we head into the early innings of earnings season, this year has been off to a shaky start. With technology companies lead by an AI rally last year, they are staring down the barrel of earnings that could disappoint. Let’s discuss how traders can hedge themselves ahead of that using options. After significant multiple … Read more
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. … Read more
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, … Read more
New Year’s resolutions are easy. It usually goes like this: you make yourself a promise and forget about it by February. But if your 2024 resolution is to get better with money, forgetting about it might prove costly. It can be a monumental task to build healthy financial habits. Doing too much at the same … Read more
A 401(k) plan is a solid foundation for any retirement strategy. It comes with tax advantages and employers often match funds, helping to grow your nest egg faster. But not everyone can contribute to a 401(k): According to the Bureau of Labor Statistics, almost a third (31%) of private-sector workers don’t have access to an … Read more
529 plans have long been considered the best way to save for a child’s college education. Initiated in 1996, these state-sponsored investment accounts offer tax-free earnings and withdrawals to use for tuition and other qualified educational expenses. But that requirement — that the funds be used for education — has been a sticking point for … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In 2023, 40% of Americans said they don’t make New Year’s money resolutions and 68% said they have no written financial plan at any point in the year. But having a budget and an awareness of exactly how much is coming in … Read more
Indian economy has been a shining star on the global stage amidst a peer group witnessing a slow to no growth rate. The World Bank, in its latest India Development Update, highlighted the Indian economy’s “resilience” despite challenges in the global environment. The economic outlook is promising on the domestic level in the coming year. … Read more