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- Brigitte Miksa, Head of International Pensions, Allianz Asset Management AG, talks to Sowmya Kamath about long-term financial security in India and what needs to improve.
- One of the ways to get it is to invest your retirement funds with annuity providers who make monthly payments for a pre-defined number of years, says Rajnish Kumar, CEO of Fullerton Securities & Wealth Advisors.
- You know that healthcare costs rise as you age. It is, therefore, important to build a separate portfolio for medical expenses so that they do not eat into your retirement savings.
- If you do not have enough money for your post-retirement life, one option before you is mortgaging the house. It generates more money than rent and is tax-efficient. However, the fact remains is that it is frowned upon by most as there is an emotional attachment to the house.
- Retirement is not the end of the tax troubles of your 'active earning' days. You may still have to pay tax if you do not invest your money in the right products. Take a look at the various investment options suited for retirement savings.
MCX-SX index: A free float-based index of large market-cap, liquid stocks
The country's third national stock exchange, the MCXSX, has announced the launch of its flagship index, SX-40.Shome panel for abolishing tax on capital gains on equities
Parthasarathy Shome Committee has recommended deferment of General Anti Avoidance Rules (GAAR) for three years. GAAR will be applicable from assessment year 2017-2018.NBFCs roll out non-convertible debentures with up to 12.25 per cent pre-tax return
Several non-banking financial companies have come out with non-convertible debentures (NCDs) offering up to 12.25 per cent pre-tax return.Keeping money in fixed deposits now unattractive an option
Keeping your money locked in bank fixed deposits has become less attractive as several banks, including State Bank of India (SBI) and ICICI Bank, have reduced interest rates by 50-100 basis points.A look at recent personal finance rulings which can affect you
A look at recent rulings which can affect you.Rising commodity costs, inflation could hamper effects of reforms drive
Experts said the new reforms rush was positive but the key worry was whether the plans would be implemented. Rising commodity costs and inflation would also continue to loom large over the country's growth prospects, they said.
Gadget reviews: Samsung Galaxy Note 10.1, Sony Xperia Neo L and more
Sam Abraham introduces new products and services to help you zero in on those that offer value for money.How to ace search results on internet to boost online biz
With more customers taking to the Internet to shop, it's become imperative to master search rankings. Here's how you do it.
Auto Bild guide to driving safely on expressways
To meet the need for faster and quicker inter-city travel, expressways are coming up in various parts of the country. We tell you how to ensure a safe expressway journey.
Reforms push to bring cheer for equity mutual fund investors
The late surge in the stock market on the reform push euphoria is likely to bring some cheer for equity mutual fund investors.Mutual fund investments may become costlier as fees are likely to go up
Sebi recently changed rules to encourage the mutual fund industry to increase its reach beyond the large cities. The result is a slightly higher cost for investors as fees are likely to go up by 50 basis points.Fund watch: Morgan Stanley A.C.E has outperformed benchmark thrice since 2009
Morgan Stanley A.C.E has outperformed its benchmark thrice since 2009.Uncertain markets? Multi-asset funds make for good investment option
In the current uncertain market, it makes sense to go for funds that invest in different asset classes. Multi-asset funds, which invest in debt, equity and gold in varying proportions, can be a great help to long-term investors.
Best smartphones to buy for under Rs 10,000
Of the 50-odd smartphones of various hues and sizes priced under Rs 10,000, here's a list of the best for you to choose from.
Growth should become the number 1 priority for India
To regain the growth trajectory, a general consensus for action between social, business and political classes is necessary. In absence of same, the business environment may remain susceptible to event-led volatility.Festive season: Invest in companies whose products are in demand
Normal 0 false false false MicrosoftInternetExplorer4 The last few months of the year typically bring good tidings for consumption-driven companies as a rise in demand due to festivals boosts their bottom lines. /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}Invest in commodities that are in high demand this festive season
High demand during the festive period generally leads to firming of prices of many agricultural products and precious metals. The market will be bullish on most commodities such as gold, silver, refined soya oil, wheat and gur due to festive demand.
Career tip: The right moves can get you that coveted promotion
In the modern workplace, promotions come after you have already started handling responsibilities a level or more above. If you are not doing so yet, volunteer for the tasks and projects that let you take on some of your boss's burden.
Money Today experts answer your personal finance queries
Money Today experts answer your personal finance queries.
Stock watch: United Spirits among top gainers in past six months
United Spirits is among the top gainers in the past six months with return of over 65 per cent.Sebi backs small investors' interest in IPO market
The Securities & Exchange Board of India has taken a host of steps to protect the retail stock investors. Let's see what relief they will give to small investors.Stocks of companies with large business interests in Europe may continue under pressure
Companies with large business interests in Europe may continue to face pressure. Should the situation improve if leaders of the Eurozone reach an agreement on bailing out the stressed countries, the investors may gain.IT stocks likely to be under pressure, some may be good long-term bets
The information technology sector has been making investors jittery for the last few months. The average profit growth of most IT companies has fallen from 25 per cent in the last few years to 10-15 per cent due to slowdown in western countries, competition and currency fluctuation.
Insurance watch: The catch behind guaranteed-income plans
Notwithstanding the 9-10 per cent assured return sales pitch, guaranteed-income plans are nothing but traditional plans packaged attractively.How to choose the best critical illness insurance plan
Acute illness can mean loss of income, total or partial disability and change in lifestyle. The financial burden could be far more than what an indemnity health plan would cover. Buying a critical illness plan is the best way to get over these shortcomings.Buying insurance policies and filing claims is set to become smoother
The revamp of the unit-linked plan, or Ulip, structure, portability of health plans and pension plan guidelines have already made the industry customer-friendly. Now, Irda has released draft guidelines on life and health insurance to take the process further forward.
Realty tip: Offers, discounts may not always benefit you
With the start of festive season, real estate companies and brokers have begun raising their sales pitch. But are these deals for real or a ploy that developers use to raise money and to prop up sales?
Best banks to take auto, home, education loan from
Are you scouting for a loan to buy a house, a car or for your child's education? Given below are the best deals on offer from public and private sector lenders. Money Today Executive Editor on why tax planning is important in even retirement years
You carry your tax liabilities even during your retirement years. Hence the need to be doubly cautious about retaining the maximum from your retirement kitty by ensuring that your tax liability is kept to the minimum.
