Retirement can last much longer than you anticipate. Life expectancy rates have been rising over the years, owing to improvements in medicine and safety. While this suggests that you will live longer, it also indicates that you will require a larger retirement corpus to sustain yourself in your non-working years. As per the Money Guide, ...

You cannot leave your financial health to chance. A financially secure life requires you to create a strategically optimised financial plan that aligns with your goals. Identifying your investment goal to create a sound financial plan helps you to reach your objective faster and in a more disciplined manner. Several studies have found how using ...

Investors in the stock market can benefit from formulating investment strategies based on the security analysis of market dynamics, corporate factors, and economic as well as political movements. This investment strategy of taking trading decisions based on analytical techniques is called market timing. Individuals typically decide to sell or buy stocks, or switch between asset ...

Retirement planning can be an intricate process in all aspects. The place where you settle after retirement, the amount of money you would need in your retirement corpus, the impact of taxes on your retirement savings, and more, are some concerns that are likely to be on your mind when you plan for retirement. Considering ...

Ideally, your portfolio grows with you. How you invest depends a lot on your age, and hence, your portfolio eventually shapes and looks different according to your life stage. Conventional wisdom suggests making your portfolio more conservative as you get older and approach retirement. It may be advisable to rebalance your asset allocation, lower the ...

Financial advisors can form an important part of your financial journey. These professionals not only offer standard guidelines on savings and investments but also lend you a helping hand to ensure that you achieve your financial goals with minimal problems on the way. While financial planning can seem like a structured thing to do, everyone ...

Bonds usually are not the first choice for investors when it comes to seeking higher returns on their funds. However, the role of bonds in the overall asset allocation cannot be undermined. Even though people saving for their retirement tend to rely on stocks, mutual funds, and cash instruments, in most cases bonds or more ...

Although there is no single book rule to ensure a financially stable future, the one thing that can contribute to being economically sound is having a good financial plan. A comprehensive plan can allow you to prepare for unexpected contingencies, be more in control of your money, and avoid circumstances where you run out of funds. However, devising a ...

The global pandemic of COVID-19 has spiked volatility and given rise to several grave concerns. Its impact on the health and mental well-being of people is one side of it. The other equally serious implication is on the financial health of the economy. The world is facing a financial crisis for which no one was ...

The accuracy of your financial plans is a huge determinant of how your life will be post-retirement. To plan with precision, you need to make certain assumptions, some driven by facts and others based on cautious judgment. However, in both scenarios, the assumptions need to be as close to reality as possible for financial planning ...