Money Today readers give their feedback on the magazine's coverage -
The cover story on tax and retirement planning (Plugging Tax Leaks, October 2012) was highly informative. I am nearing retirement and I will be getting a substantial amount as retirement benefits from my company in the form of provident fund and pension. I have not been good at financial planning and have not availed of the services of a financial planner yet. I was planning to do so once I retire. While I know I am already late in doing so, I now feel confident that I will be able to understand the advice given by whoever I engage for the purpose rather than going in blind. In fact, I might even be able to handle some of the investments on my own as I have been doing in the past.
Indu Makhija, Jalandhar
The reverse-mortgage scheme offered by banks in conjunction with insurance companies is a good option for retired people who own a house and want a regular income (For All Seasons, October 2012). It is perhaps the best way to reduce dependence on others, even one's children, to provide for during old age. I have been thinking of opting for such a deal with a bank. However, it is still not clear whether the valuation that I will get would be adequate for my property. It would be really nice if you could provide some knowledge as to how to get the right valuation for a property. I would also want to get it valued independently so that I am sure of getting the best deal.
Prajwal Sinha, Jaipur
The section on new regulations and their impact on capital market and insurance sectors (The Altered Landscape, October 2012) is very useful for investors. Of late, there has been a spate of regulatory changes announced by both the Securities and Exchange Board of India (Sebi) and the Insurance Regulatory and Development Authority (Irda). To get all of the information in one place and to understand how they will influence investments came in handy for me.
Shantanu Hajra, Allahabad
In an intertwined world, what happens in one corner will impact the whole in big or small measure. In this context, your story (The Euro Link, October 2012) was very interesting as it clearly brought to notice that adverse developments in Europe over the past couple of years and the euro-zone debt crisis may have a direct impact on the investments of millions of Indian equity market investors. Many large Indian companies have substantial business interests in the region. If business in European countries is adversely affected, it should have a negative impact on the stock price of these companies in the domestic market. Therefore, besides tracking local events, investors should also be aware of what is happening on the global economic front and react to it.
Udyan Bhomick, Kolkata