Plan

    Early retirement can backfire if lifestyle choices, spending habits and expectations are not aligned

    We spend a lot of time strategising how we must invest and grow our wealth. Perhaps paying equal attention to how we spend and whether we are able to modify our spending behaviours to align with our new situation is important.

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    6 ways parents can secure the financial future of their children

    Start with pure term insurance, and also opt for adequate health insurance, along with riders for disabilities. Insurance acts as an essential financial backup before wealth accumulation b

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    Thinking of retiring amidst nature? Read this before you move

    A mountaintop home and acres of land may look idyllic, but one couple’s retirement story shows how quickly the dream of rural living can unravel.

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    Why life’s wisdom, experiences and not standard rules drive better money planning

    In the personal finance landscape, many businesses thrive on oversimplification. To the individual, however, it still remains a personal problem, to be solved in light of his unique situation, irrespective of how well the answers have been packaged and presented by an organised industry.

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    8 money mistakes that can ruin your retirement and how to avoid them

    8 money mistakes that can ruin your retirement and how to avoid them

    Retirement needs careful financial planning. Even small mistakes can diminish savings. A withdrawal plan is crucial. Avoid locking funds in annuitie

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    Are you imparting wrong financial lessons to your children? Here's what you should rather do

    Indian parents often struggle to impart healthy financial habits to their children, sometimes unintentionally fostering negative behaviors. Experts suggest that inconsistencies between parental words and actions, frequent money-related arguments, and a reluctance to discuss finances openly can lead to anxiety and poor decision-making in kids. In such situations, you should take actions discussed in this article.

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    5 ways your retirement math can go wrong and what to do about it

    Today, retirement planning needs a revamp. Traditional methods that rely on forecasts often fail. Sequence-of-return risk can deplete savings. Dynamic withdrawals, adjusting spending based on portfolio performance, offer a solution. Experts suggest combining bucketing with adaptive withdrawals. Flexibility and caution are key. Plan for higher expenses and lower returns. Choose a strategy aligning with your needs for a comfortable retirement.

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    I have a retirement corpus of Rs 65 lakh. How can I invest it for a regular income?

    I am retiring at 60 with a corpus of Rs 65 lakh, which includes my retirement benefits and other savings. My monthly household expenses are approximately Rs 35,000. How can I invest this amount to ensure a regular income?

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    Chasing life goal or just drifting away with the flow-Why identifying right goal is important?

    Many people follow societal expectations without ever questioning their true desires. This leads to them pursuing intermediate goals like buying a house, which may not necessarily bring lasting fulfillment. Discovering life goals, focused on societal contribution and personal growth, is essential. These goals provide purpose and direction, preventing a feeling of being lost. Understanding the difference leads to a meaningful life.

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    5 smart financial planning tips for young earners

    5 smart financial planning tips for young earners

    When you're just starting out in your career, your income and expenses can change frequently. Begin by creating a budget that covers your essentials, lifestyle needs, and a small emergency

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    The Economic Times