The Latest Breaking News from Vishwajeet Goel

Is ₹3 lakh enough for your emergency fund if you have a home loan, children and ageing parents?

As Netflix plans to cut jobs, the importance of an emergency fund becomes paramount for households facing financial uncertainty. Discover how to calculate your emergency fund based on your essential monthly expenses and personal circumstances. Learn about the best places to keep your emergency savings, and how health insurance factors…

The Economic Times · Oct 20

NPS Charges: ₹20,000 a year on ₹1 crore corpus; What subscribers should know before investing through PoP

Thinking about joining the National Pension System (NPS)? The choice you make between accessing e-NPS or utilizing a Point of Presence (PoP) can greatly influence your overall costs for years to come. Grasping the fee structures associated with PoP and any potential extra charges is vital for both newcomers and…

The Economic Times · Oct 15

Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder dies

NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriation abroad is restricted and subject to FEMA and banking rules, typically requiring crediting to an NRO account first. Understand the nuances before naming an NRI nominee.

The Economic Times · Sep 3

New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim it

Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for salaried individuals. Private sector employees switching to the new regime find this deduction particularly attractive. Employer contributions lower taxable income and build retirement savings simultaneously.

The Economic Times · Jul 23

Lost job or retiring voluntarily with Rs 1 crore? Here's how to get maximum long-lasting monthly income from your savings

Financial planning for retirement: Early retirement necessitates careful financial planning for extended periods. A Rs 1 crore corpus may prove insufficient for early retirees in India. Experts suggest a diversified investment strategy for long-term financial security. This approach balances regular income with growth to combat inflation. Strategic asset allocation and…

The Economic Times · Jul 18

Rs 15,000 monthly investment for 20 years: NPS or mutual funds? Know which may leave you with a bigger retirement corpus

Retirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentially higher returns, NPS boasts significant tax advantages and low costs. Read the article to know how a monthly investment of Rs 15,000, which goes up by 5% every year, can grow…

The Economic Times · Jul 1

Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules say

Discovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly permit only one personal PPF account. Learn how to identify and regularize duplicate accounts, understand the implications for your deposits and interest, and what steps to take to avoid…

The Economic Times · Jun 26

Rs 1.50 lakh/month income from Rs 1.5 crore corpus? Easy retirement strategies explained

Retiring with Rs 1.5 cr can provide a monthly income, but the amount depends on risk appetite and investment returns. Experts suggest withdrawal rates between 4.5% and 6.5% annually, with potential monthly incomes ranging from Rs 70,000 to Rs 1.2 lakh. A bucket strategy is recommended for managing immediate needs…

The Economic Times · Jun 9

Can a ₹1 crore NPS corpus generate more than ₹1 lakh per month? What the new RIS framework offers

Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with…

The Economic Times · Jun 3

₹50L, ₹75L or ₹1Cr: What is the maximum corpus you can build through the Sukanya Samriddhi Scheme? The answer might surprise you

Sukanya Samriddhi Yojana provides a powerful way to save for a girl child's education. This government-backed scheme offers high interest rates and tax benefits. Opening an account early maximizes compounding benefits over its 21-year tenure. Parents can build a significant corpus for future education needs. SSY is a safe and…

The Economic Times · May 21