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Currently, NPS subscribers having a corpus of over Rs 2 lakh need to buy an annuity, on a mandatory basis
Some of these funds are specially designed for senior citizens to meet their post-retirement financial needs
The regulator has suggested to the government to double the annual tax benefit of Rs 50,000 for NPS
Over a long period, EPF turns out to be a very useful instrument for retirement planning and it is not advisable at all to withdraw from it
Here are top six financial mistakes that one should avoid since they will adversely impact their retirement corpus and financial well-being in old age
The current pandemic situation has highlighted the importance of having a medical cover in times of such crisis situations
The objective behind making any particular investment is a crucial factor in determining the investment horizon
To create a decent retirement corpus, a mix of equity and debt is recommended along with mutual funds
Here are five best investment avenues that senior citizens can consider for creating a regular flow of income
Don’t ignore inflation while working out the corpus as you might run out of funds post-retirement if inflation is not factored in