5 Financial Planning Mistakes To Avoid While Investing
Do you think just putting money in some investment products and getting income tax exemption is the meaning of financial planning? I am sure, many people around you actually think this is all about it. When I got my first salary, I started getting advice from my father and relatives to start investing money in small portions. In fact, many of my friends even started suggesting me some...
Confirm These Things First Before Hiring A Financial Planner
Our finance is as precious to us as our children and health and maybe that is why we wish to confer the same in reliable hands. In many cases, people like to take the final call regarding financial matters by themselves. Otherwise, a financial planner can serve him by ensuring the best possible utilisation of the hard-earned money. The crucial process of financial planning can take you a step...
Saving Lessons You Can Learn From Your Parents
Balancing all one’s expenses, desires and goals comfortably with one’s income seems to have become a never-ending and exhausting task. No matter what one is earning, it never seems to be sufficient to take care of everything. Yet if we look back, we will realise that our parents always seemed to be a lot more relaxed regarding their attitude towards money. Irrespective of their earnings, it...
Invest easily with Fintoodirect – An Online Investment Platform
Fintoo is a premier online platform by India’s leading Financial and Tax Consultancy Firm, Financial Hospital. Fintoodirect makes mutual fund investments easy and effective. This online portal allows individuals to easily invest and track their entire portfolio. A tie-up with 22 leading AMCs (Asset Management Company) ensures that investors don’t have to take a chance with average...
Separate or Joint Will : Which is the Right Choice?
Creating a Will can be overwhelming and uncomfortable for many. Coming to terms with one’s own mortality as well as deciding on the distribution of all assets can be quite a tumultuous task. However, this legal document is critical to ensure that your loved ones are taken care of after you pass away. For a lot of couples, creating a joint Will may seem easier, but is rarely recommended. Even...
Prevent future hassles with the right legal Will advice
The ritual of creating one’s own Will can be quite daunting for many. Not only does one need to divide their investments and assets among their loved ones, but also come to terms with their own mortality. Yet, without this document, the estate and investments accumulated during a lifetime of hard work could be in jeopardy with legal hassles preventing the transfer of assets to your...
The ABC’s of Financial Planning
We all have certain goals in life, things we wish to achieve, cars we wish to buy, countries we wish to visit. Inflow comes in form of earning from a regular 9-to-5 job, business or other sources. But seldom are we able to attain our goals in spite of having adequate financial resources. The main reason behind this lacuna is the inadequacy of financial planning which otherwise...
Features and Benefits of Senior Citizen Savings Scheme
The SCSS (Senior Citizen Savings Scheme), launched in the year 2004, was a considerable hit as it gave higher returns on the investment. It contains all the elements that a senior citizen investor could ask for: fixed returns, immunity of capital and regular payoffs. Under the Section 80C, the Senior Citizens’ Saving Scheme (SCSS) also provides tax benefits and premature...