retirement planning: What is the 4% rule for retirement withdrawals?
Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income while also preserving an ample amount of funds for the future. Adhering to the 4% withdrawal guideline can notably diminish the possibility of depleting one's savings prematurely, thus increasing the chances of financial stability throughout retirement. Key Points
Economic TimesET Mutual Funds Explains: How to calculate your retirement corpus?
The correct calculated decision today can save one from unfortunate scenarios post retirement. Thus calculating the right amount for retirement is very important. Calculating your retirement corpus is a multi-step process. Key Points
Economic TimesAre you saving enough for retirement? How to overcome the hurdles that prevent you from investing for this
Many people dream of a care-free retirement, with lots of spare time and enough money in the bank. This dream may remain just that if you havent saved enough. The road to building an adequate nest egg is full of pitfalls. Key Points
Economic TimesAmericans’ required retirement income has never been higher
A surging stock market pushed many retirement account balances to new highs at the end of last year. But these higher balances are a mixed blessing for those already in retirement. Key Points
mintThree myths about investing for retirement
The bad news is that you are probably thinking about it all wrong. The good news is that you are probably better off than you think. Key Points
mint
retirement planning: Don't make these 7 retirement saving mistakes if you are a young earner
Retirement corpus: Building a retirement portfolio is not just about picking the right investments; you should also avoid mistakes. Here are a few such mistakes you should avoid while building a retirement corpus. Key Points
Economic TimesNPS or retirement funds? Comparison of asset allocation, taxation, cost and liquidity
The NPS follows an asset allocation-based approach. It offers subscribers the choice of two investing modes—active and auto. With retirement funds, investors are stuck with the same fund manager even though, theoretically, they can opt for multiple retirement funds. Key Points
Economic Timesretirement Planning: How to save for your retirement
Financial planners suggest a retirement corpus target that is about 20 times your annual income. While some feel that 30 times can be a better figure as it will take care of inflation. Key Points
Economic TimesGuaranteed Return Pension Plans in India
Pension plans are made to assist people in saving money during their working lives to fulfil their retirement income requirements. They function by allowing people to pay a percentage of their earnings to the plan while they are still employed. Key Points
Times of India10 Tips to Choose the Right Pension Plan for Your Retirement
Every person has a financial obligation to both themselves and their loved ones to plan for their retirement. When they surpass the amount of money in the bank, those who disregarded it would eventually regret it greatly. Key Points
Times of India
Top 10 Advantages of Investing in Pension Plans
When you have an income source, saving money for the future is an essential component of your financial strategy. You might not be particularly concerned with the retirement planning advantages because that time of life appears years away. Key Points
Times of IndiaPension Planning: Top 10 Tips for Absolute Beginners
Pension, which used to be associated with slowing down, is not now viewed in the same manner that it was a few decades ago. Many people today see retirement as the beginning of a new life since they can finally use their free time to pursue their interests. Key Points
Times of IndiaBeating SCSS, retirement mutual fund turns Rs 15 lakh into Rs 30 lakh in 5 years – 5 points
SCSS vs retirement mutual fund: One retirement savings fund that has stood in its category with more than 15% annualised returns in the last 5 years while the SCSS interest has remained between 7.4% to 8.7% Key Points
FinancialexpressAmerica has never had so many 65-year-olds. They’re redefining the milestone.
A record number of people will turn 65 this year. Here’s how they are distinct from their predecessors. Key Points
mintAir India makes voluntary retirement offer to staff a second time
There has been a request from employees for extending the additional benefit of voluntary retirement to other permanent employees as well. In response to this, Air India is announcing the second phase of the voluntary retirement offer, the airline's Chief Human Resources Suresh Dutt Tripathi said in the communication sent out to the staff on Friday. Key Points
Economic Times
Modi govt advises House panel against linking judges’ retirement age with quality of orders
Modi govt has said such a move could ‘empower’ SC Collegium. It comes against backdrop of tussle between Centre & Collegium over judges’ appointments. Key Points
ThePrintEx-Google employee says she quit her job after 11 years, regretted it shortly after
Nupur Dave, a woman from Bengaluru who worked with Google in the US for 11 years, quit her job to take an early retirement. However, she says that she regretted her decision shortly after. Key Points
India Todayretirement planning: Why you shouldn't avoid equities for retirement savings
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. Key Points
Economic TimesTo honour Dhoni's contribution to Indian cricket, No. 7 jersey retired: Rajeev Shukla
The BCCI has decided to retire M S Dhoni's No.7 jersey in Indian cricket to honour his contributions. Dhoni retired in 2020, and no other player has worn the shirt since then. Sachin Tendulkar's No.10 has not been worn by any player since his 2013 retirement. The decision was made by BCCI on December 14. Key Points
Economic TimesGovernment looks to hire retirees in health, education sectors
The Indian government is planning measures such as incentives for employers to hire retirees for part-time work in sectors including education and healthcare. The country has an aging population, with those over 60 years of age projected to double to almost 19.6% of the total population by 2050. Other measures under consideration include a minimum wage framework based on prior experience, phased retirement, role modification, and flexible retirement policies. Key Points
Economic Times
Despite heavy protests, French President Emmanuel Macron signs pension reform into law
Key reform provisions, such as raising the retirement age to 64 and lengthening the number of years of employment necessary for a full pension, were approved by the nine-member Constitutional Council, which found that the legislation complied with French law. The fight to put the bill into effect ended up being the biggest domestic obstacle of Macron's second term because of both the overwhelming public resistance to the revisions and his own declining personal popularity, Al Jazeera reported. Key Points
Economic TimesIndia slips to 45th position on the Global Pension Index 2023
India has slipped to the 45th position out of 47 countries on the Global Pension Index 2023. While India's score improved marginally, the report suggests that India can enhance its pension system by improving minimum support, expanding coverage to unorganized workers, and easing regulations for the private pension system. The Netherlands, Iceland, and Denmark topped the index. Key Points
Economic TimesWhat exactly is an annuity plan? Naval Goel explains
It is a very simple product usually used for retirements. What happens in annuities, you pay a certain amount to the insurance companies and they in turn promise to pay you a monthly or an annual income or a quarterly income. Key Points
Economic TimesMoney Plans: What’s getting Gen Z, millennials all FIREd up
“If you have invested a large sum of money for 10 years, then after the 10th or 11th year, you can ensure that equity, which is a high growth asset, can take care of passive income also. At the same time, it gives you a cushion in case of any emergencies in future. That way also you can see that retirement is seen very differently currently.” Key Points
Economic TimesSBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs
State Bank of India Chairman Dinesh Khara is likely to get an extension as the government is considering relaxing the retirement age of chiefs of all public sector banks and LIC. The proposal before the government also includes hiking the retirement age limit of managing directors of public sector banks (PSBs) to 62 years, from the current 60 years, a senior government official said on Saturday. Key Points
Economic Times
Does it make sense to go for separate retirement-based mutual funds? R Sivakumar explains
Retirement-based mutual funds have a bias towards debt rather than equities, making them suitable for individuals closer to retirement. These funds have specific features, such as a minimum holding period, that guide both investors and fund managers in making longer-term investment decisions. The asset allocation of a conservative retirement plan typically has a higher allocation to debt. Investors should consider their asset allocation strategy and consult with financial advisors to create a balanced overall portfolio. Key Points
Economic Times14 tips for millennials to navigate finance, investing and retirement planning
Everyone's financial situation is different. So, it's important to do what works best for you. Key Points
FinancialexpressCelebrity stylist Law Roach opens up about his shocking retirement: ‘What I plan on doing is…’
"I’m releasing the power and the control. Which is fine. Because I’ve done it so many times, I understand," he said in a new interview Key Points
The Indian Expressretirement planning: What is the 3 bucket strategy for retirement?
Retirement corpus: The three bucket retirement planning strategy helps manage changes in the market while taking out money. It helps retired people meet their financial needs at different stages of retirement. Key Points
Economic TimesEPFO likely to credit 8% in poll year
The retirement fund body is also likely to seek the board's nod to substantially increase its investment in stocks to 15% from around 10% now to enhance the return on investments. This being an election year, the government will ensure a sustainable rate of return on provident fund (PF) deposits which is also at par with the existing rates to avoid any backlash, said an EPFO board member. Key Points
Economic Times
Are you saving enough for a carefree retired life?
India News: Learn how to save enough for a carefree retired life and maintain your current lifestyle. Get tips on building a retirement corpus, investing wisely, and managing inflation. Key Points
Times Of IndiaFintech startup Pontera raises $60 million, plans more hiring in Israel
International Business News: Fintech startup Pontera raises $60M in funding led by ICONIQ Growth, bringing its total funding to $160M. Its valuation is now over $550M. Pontera's p Key Points
Times Of IndiaPilot’s heartening retirement speech will make you emotional. Watch
The video of the pilot was shared on Instagram. It shows how the pilot’s entire family came for his last flight. | Trending Key Points
Hindustan TimesGovt considers raising retirement age for PSU bank chiefs by 2 years
The Indian government is considering extending the retirement age of managing directors and CEOs of public sector banks by two years. Currently, the retirement age for heads of public sector banks, except for the SBI, is 60 years, but this could be increased to 62. The retirement age for the SBI chairman may also increase to 65 from 63. Key Points
Economic Times'I tried my best': Bangladesh captain Tamim Iqbal breaks down in tears as he announces shock retirement
Bangladesh captain Tamim Iqbal is the third highest run-getter in ODI amid the current players, behind Virat Kohli and Rohit Sharma. He made his international debut in 2007 and scored 8,313 runs in 241 games including 14 centuries in ODI. Fans were surprised at his decision, just 3 months ahead of the ODI World Cup in India. Key Points
Economic Times
Afraid of spending your own money after retirement? Here's how to plan better and enjoy retired life
Thinking about wealth should not evoke feelings of anxiety and fear. Our responsibility for children is mostly over when they have found a profession or job. We can see ourselves as a safety net should something go wrong in their lives. But playing the role of a custodian and seeing our assets as theirs is harmful for both. Key Points
Economic TimesEPFO retires Covid advance facility, move may impact consumption
According to experts, the move may impact consumption as much of the Covid advance was being used for discretionary purchases and other expenses. They also opined that the decision has come too late and that it had impacted the availability of funds at EPFO's disposal. Key Points
Economic TimesArnav Pandya on NPS, equity exposure, retirement planning & more
Typically, every retirement portfolio should have a slightly stable element within it and hence a debt exposure to the retirement portfolio, even when you are young and which can progressively increase as you grow older, is a necessity. It is required and that is why you will need to have an exposure to both the corporate bonds part as well as the government securities part within your NPS exposure. Key Points
Economic TimesHarsh Vardhan, former union health minister, announces retirement from politics ahead of Lok Sabha polls
Dr. Harsh Vardhan, former health minister and senior BJP leader, announces retirement from politics ahead of the 2024 Lok Sabha elections. In a heartfelt post on X, he reflects on his thirty-year political journey, emphasizing service to humanity and his dedication to the party's principles. Acknowledging his achievements in healthcare, including fighting polio and COVID-19, he expresses gratitude and looks forward to fulfilling his commitments outside politics. Key Points
Economic Times'Me, me, me': Tim Paine mocks Ben Stokes' World Cup backflip
Former Australian Test captain Tim Paine has criticized Ben Stokes, the England skipper's decision to return from retirement for the World Cup, saying it is all about Me, Me, Me . Stokes had quit the ODI format citing workload and knee injury, and Paine believes Stokes' decision to pick and choose when to play is unfair to his fellow cricketers who have been playing for the past 12 months. The 32-year-old all-rounder looks set to play the World Cup as a specialist batsman only. Despite this, England's national selector, Luke Wright, said Stokes is the one they want for big moments. Key Points
Economic Times
Mothers Day: 8 tips for new moms to manage financial stability
New mothers should start saving a portion of their salary, ideally around 25%, to assure a secure financial future for themselves and their children. They can channel this saving into ULIPs, mutual funds, and the New Pension Scheme to enjoy their spending and build a nest egg. Additionally, they can reduce debt, get insurance, invest in sovereign gold bonds, diversify their investments, and invest in retirement to ensure financial stability in the long term. Teaching children the value of money, keeping hobbies, and investing in SIPs can also be helpful. Key Points
Economic TimesWorking into the sunset: Indian honchos whose life motto seems to be 'never tire, never retire'
It is not just about financial benefits, they say. Many admit it is tough to not have a major work commitment to wake up to every morning after years of hectic work schedules, travel and meetings. Key Points
Economic TimesHow should you plan your investments to generate a good monthly income after retirement? Amit Kukreja ans
If the person's cost of living today is 1 lakh rupees a month, we want to ensure that his lifestyle is not getting impacted during his retirement years. So at 60 his inflation adjusted cost which is 1 lakh in today's term needs to be adjusted for the inflation at the age of 60 and we have to ensure that the lifestyle remains the same. Key Points
Economic Times