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 ...

Studies suggest that it takes 21 days to form a habit. This is why financial advisors often ask their clients to steadily save for at least a month to get into the habit of saving regularly. As hard as it takes to build habits, it is equally tough to get rid of them. When people ...

COVID-19 has affected the global community. With more than 6.6 million cases around the world, the pandemic has caused many serious implications. The impact has not only been on the physical or mental health of people but has also affected their financial well-being. The crisis has become one of the most critical challenges faced by ...

For those who do not have a retirement plan in place, this might be the right time to make one. With many uncertainties lurking around, the formulation of a concrete retirement strategy has become a necessity. The idea behind a retirement plan is to secure the future and make sure that when one is not ...

What is the bucket strategy? Bucket strategy was introduced in 1985 by financial planning expert, Harold Evensky. Under this approach, the retirement portfolio is divided into three accounts, which are referred to as buckets. Retirement assets are allocated to each bucket in a predetermined proportion. The risk and returns associated with each bucket are different.  ...

Municipal bonds or munis are inarguably the safest long-term investments and highly popular among investors. In 2019, municipal bonds recorded their highest returns in five years. In fact, the Bloomberg Barclays Municipal Index rose 7.5 percent. These inherently safe investments are a type of loan made to the state or local governments to help them ...

Retirement planning is essential for sustaining a balanced and comfortable life in your later years. People are generally inclined towards traditional retirement options like 401(k)s, individual retirement accounts (IRAs), Roth IRAs, mutual funds, fixed income plans, and general retirement accounts. However, there is one more option that can feature in your retirement plan. Immediate annuities ...

Retirement is an important phase of life, and regardless of your current net worth, financial planning for your retirement years is necessary. Planning for your golden years is just like planning for any other important long-term goal. It requires decades of hard work, strong resolution, and a mindset to build a sizeable corpus which would ...

Retirement is a phase when you intend to lead a comfortable and peaceful life after working hard for many years. To have a comfortable retired life when you no longer receive a regular salary or earn a fixed income, it is important to plan appropriately and save consistently. But with changing times, the idea of ...

Your 50s are a significant time in your life. This is the time when you are well settled and probably at the peak of your career. But this is also the time when you are nearing retirement and need financial security more than ever. Investing in your 50s becomes crucial to strengthening your retirement nest ...