Even if you cobbled up a decent kitty for your retirement, you have to be careful with your finances during your golden years.
Building a sizeable retirement corpus needs strict and disciplined financial planning and discipline over a long time period of time.
Post office small savings schemes offer attractive interest rate and are also considered safe and secure
Retirement goals: Early retirement needs both strict financial planning and discipline over a long time period.
Both EPF and PPF offer higher interest rate compared to other fixed income instruments such as bank FDs
Retirement goals: Early retirement needs both careful planning and strict financial discipline
At a time when most fixed income instruments are offering negative real returns, small saving schemes are offering positive real returns
Diversification of holdings to include a greater proportion of risk-free securities that offer stable returns is the best way to plan for golden years
Public Provident Fund withdrawal rules: Complete withdrawal of PPF balance is allowed only at the time of maturity
Experts say Rs 750 investment per month is quite easy to afford, but this habit of regular investment from the beginning is difficult to achieve