How to avoid being poor in retirement – Darcy Ungaro
According to the Retirement Commission, almost one in three people today don’t think they’ll have enough by age 65. Inflation has likely messed up the numbers, so ask yourself this: Will you have ‘enough’, ‘just enough’, or ‘not enough’? Your retirement outcome depends on two things: When you start preparing, and the decisions you make […]
How to know when and how to retire
When to retire is one of those sticky questions. It’s financial. It’s psychological. And sometimes it’s out of our control. The idea of stepping out of the workforce in your mid-60s with possibly three decades of living in retirement ahead is unnerving, especially when it comes to your future financial security. “Money is part of […]
How to qualify for two state pensions – and get increases for life
Ireland may be close by, but this doesn’t make the rules around pensions any less complicated. The number of paid Pay Related Social Insurance (PRSI) contributions you require before being eligible for an Irish pension depends on when you reached pension age. If it was on or after 6 April 2012, you need to have […]
How to save for retirement: Investment tips for moderate risk takers
I am 35, and recently started a new job with a monthly income of ₹1.5 lakh. I have no significant liabilities and can save 40% of my income. My investments include: ₹10 lakh in MFs (large- and mid-caps, and debt funds); ₹5 lakh in fixed deposit; and ₹3 lakh in PPF. I aim to accumulate […]
How to decide on your retirement corpus
I work in the IT industry and have plans to retire in the next 10 years. I have already planned for my daughter’s education expenses and kept ₹50 lakh aside for this. At present, this amount looks good based on her education plans. I have invested in two properties that are valued at ₹1.2 crore […]
How to make pension contributions to lower your tax bill
Top-rate payer? You can save 60.8pc If you use salary sacrifice, your employer might decide to pass on the savings it makes in National Insurance to you via your pension. Additional rate taxpayers would save 45pc in tax, plus 2pc in National Insurance. If the employer passes on its own 13.8pc in National Insurance, this […]
How to get the state to pay for care in your own home (even if you're rich) – The Telegraph
Telegraph Money outlines how self-funders can take advantage of benefits. Source link
Are you saving enough for retirement? How to overcome the hurdles that prevent you from investing for this crucial goal
Can you save more than you earn every month? That’s what Shriya Nagarajan must do if she wants to quit working at 50 and maintain her current lifestyle in retirement. The 25-year-old needs a corpus of Rs.10.5 crore to sustain inflation-adjusted withdrawals till the age of 85. To build this enormous nest egg, Nagarajan needs […]
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. […]
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, […]