There are three questions that a financial advisors ask the client before collecting money for investments. How much money would you like to invest? How long would you like to remain invested? When would you want to withdraw the funds? The idea is to understand the customer’s risk profile and determine what products to sell…
You might already be familiar with the SIP, lumpsum, or the SWP calculator. If not, today would be a good day to start learning about them. SIP calculator will show you how much will be your portfolio value if you continue investing for a period. Example: Monthly Investment: Rs20000 Tenure: 20 years Assumed Returns: 13%…
Countless articles have been written about retirement, but nobody has explained what really happens to your income post-retirement. Trust me, I have read more than 20 articles, but never got the answer to this crucial question. Let me break the suspense — your income does not stop even after retiring. People think when you withdraw from your…
FIRE — Financially Independent, Retire Early! was a movement started in the 90s after the authors Vicki Robin and Joe Dominguez popularized it in their book — “Your Money or Your Life”. The concept is to save/invest 70% of your earnings, meet the consumption demands with the 30%, and then retire rich in 7 to 10 years. It may…
