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 ...

Taxes have always been a sore component of any savings or investment plans. High taxes can erode your earnings, and lead to disappointments at the time of maturity. Tax also plays a crucial role in your decision to invest or save in a particular investment tool. In fact, taxes and earnings go hand in hand, ...

Impulse spending is something that a lot of people struggle with. If you scan your home, you are bound to find many unnecessary items that you no longer use and had impulsively bought at some point in your life. As per a survey conducted by Slickdeals in April 2020, an average American spends approximately $182.98 ...

Taxes are a significant part of your financial plan. They can reduce your overall earnings and eat into your investment returns. Taxes are also a wide subject that engulfs your income, estate, inheritance, short term and long term capital gains, filing status, and a lot more. This is why it is crucial to understand what ...

The New Year brings with it many new promises. Some people use this time to make resolutions. The promise of a new beginning is a great way to embark on a journey that can make positive changes to your life. While most people think about making changes in their personal and professional lives, picking up ...

When it comes to financial planning, your mind automatically wanders to market graphs, economic journals, and financial advisors in business suits determining the next effective strategy. While it is true that financial planning is a complex and dynamic activity, there are some aspects of it that can be implied in the simplest of manners. One ...

Frugality does not mean living like a miser or cutting down on your basic needs. It is about spending money prudently. After all, a dollar saved is more than a dollar earned. Every dollar invested grows over time and contributes to creating a substantial net worth. Here are seven ways to stay frugal to achieve ...

Everybody dreams of living a comfortable life when they grow old and have no regular source of income. For this, some start planning for their retirement when young, while others begin at a later time in their life. But irrespective of the age, efficient retirement planning requires investing acumen. Since most of your retirement planning ...

Slowed down economic activity, rising unemployment, falling share price, decreasing house values, low consumer confidence, and dropping investments, can make an investor nervous and jittery. This essentially happens because an economic downturn can severely affect their financial stability. To overcome this sliding phase, investors often abandon their risky assets and stocks to minimize losses. While ...

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 ...