The typical notion of succeeding in life is by earning more money. Most people spend their entire lives chasing after money-making opportunities, working hard, saving and investing to amass a bigger corpus. Whether it is school or college, the end goal is normally to land up in a high paying job and be rich. Money ...

Owing to the novel coronavirus, working remotely has gone from being a perk to standard operating practice for many people. Many employees have started working from states other than the ones where their offices are primarily located. While six out of ten employees reported the benefits of working remotely and enjoyed a better work-life balance, ...

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 ...

Financial planning is not limited to knowing what to do with your money. It is impacted by various aspects from time-to-time and needs to be revisited and modified to ensure it is in line with your financial goals. A mid-year financial checkup helps to build your holistic financial well-being. Such a strategy becomes even more ...

If you thought you could only gain from an increase in the value of your portfolio, you may not be entirely correct. While you indeed gain when the value of the assets in your portfolio increases, you can also substantially benefit when the value of some assets decreases. This is possible by a mechanism called ...

One of the most distinguished traits of a human being is the ability to plan. Planning helps you to have clarity in your life. It gives you direction and provides meaning to your thoughts. Whether it is a holiday, buying a new car, or preparing for retirement, proper planning can help you reach your long-term ...

There has been a lot of talk about blurring the lines of different accounts and using them interchangeably based on a person’s future or immediate needs. Retirement accounts like a Roth IRA (individual retirement account) have gained immense popularity as a go-to account for many expenses, and are now commonly being used as an alternative ...

Margaret Mitchell wrote in her bestselling novel, Gone with the wind, “Death and taxes, there’s never any convenient time for any of them.” We can safely assume that nobody likes to pay tax as they tend to take away a lot of our earnings. But what if there was a way to save up on ...

According to a report, around 29% of parents with children under the age of 18 in the US invest in a 529 Plan to save for their children’s education. Studies have also shown a steady increase in the amount of savings and withdrawals in such plans over the years. If you too want to save ...