Major cryptos that saw more than 80% correction from high
Sunday, August 19, 2018
Friday, August 10, 2018
Thursday, August 9, 2018
How to Plan for Retirement When You're Already in Your 40's?
We are always told to start saving for
retirement right from the time when we are young. However, what are you to do
if you weren’t able to save much and have entered your 40s now? Is it still possible
to plan for your twilight years now? The answer is “yes”!
The following are some tips on how you can
plan for your retirement even if you started late:
1. Pick a
Number
The first thing you need to do is determine
your retirement amount. Many experts believe that you need around 10 times your
ending income to survive through the retirement years. However, since you are beginning to save
money quite late, you may not be able to achieve that target by the time you
retire. So, what you can do is crunch some numbers and get a “conservative”
figure that works for you.
2. Start
Saving
Now, not only you need to start saving as
soon as possible, you must increase the saving amount every month. The rule of
thumb is that you should put 10% of your income in the retirement fund, but in
this case, it might not be enough. This is because you have to achieve your
target in less time as opposed to those who start saving for retirement early.
Thus, you should go for 20% savings instead.
You should also try to increase the
percentage over time as you see fit. Just be sure you have enough room for the
payment of EMIs and credit card bills as you don’t want to hurt your CIBIL score. After all, it’s
not easy to get a loan with bad credit score.
Wednesday, August 8, 2018
5 Trading Advise From The Best
"Most people approach trading to make a lot of money, and that is one of the primary reasons they lose." - Van Tharp (Trading Coach)
"There is no need to rush into any position, wait for your signal. Rushing into a position and chasing a stock is one of the main reasons that traders lose money. Follow your trading plan not your emotions and impulses." - Marty Schwartz
"Trading offensively is trying to grow you capital while defense is protecting what you have. Winning trades are how many points you score and losing trades is how many points you give up to the other team. While offense is great for a show defense wins championships." - Paul Tudor Jones
Monday, August 6, 2018
Easing into retirement by reducing liabilities
Make your retirement the
happiest phase of your life with systematic planning and a few decisive moves
today.
Every
person who works hard all their lives does so with the expectation of retiring
in style. They wish to ease into the last years of their lives in comfort and
peace, secure in the knowledge that they’ve done everything they could for the
good of their loved ones.
But
wishing for a peaceful retirement and actually getting it are two different
things. It takes a lot of planning and hard work to be able to retire with
grace and dignity. And the time to put in the work is now, while you are still
employed and have a regular income. You can
follow this simple guide for retiring with complete fiscal security.
Think of retirement as a journey, not a
destination.
Many
people think of retirement as a phase where one’s active life ceases and one of
rest and relaxation begins. But you can fashion your retirement the way you
want – you can be as active or as laid back as you wish! It can be a phase of
true contentment, as you rediscover and explore the things that matter the most
to you. You did not have the time to indulge your hobbies the way you would
have liked for several years – retirement gives you the opportunity to travel,
make new acquaintances, take up a sport or hobby, be by yourself… the world is
your oyster, and it’s time to make it yours!
5 pitfalls to avoid in the home loan application
Following are the common areas of
error that you are likely to make when applying for a home loan – and how to
avoid them.
As if
buying a house in an escalating property market wasn’t difficult enough, you
also need to navigate the home loan process carefully. Though home loans
have been suitably simplified by leading housing finance companies, some parts
of the process can prove to be veritable landmines. These errors can prove
costly in the long run, and even result in the loan application being rejected. We list
these areas of potential trouble and enumerate how you can avoid them:
1. Not having enough money at your disposal for
a range of payments.
Most first-time
home buyers are aware that they require some amount of money to make a down
payment on the house. The down payment is normally split into two components:
The token or booking amount, and the first installment on the house. But you
also need to have sufficient money at your disposal to pay the following costs,
which will not be paid from your home loan:
- Stamp duty costs
- Registration fees
- Lawyers’ and broker fees
- Money to pay towards placing an advertisement in the paper asking for claimants to the property to come forward (this cost is split between the seller and buyer)
- Home loan application fees
- Lender’s evaluation and processing fees
- Stamp duty on the loan agreement
- Pre-EMI money (before the first EMI is deducted)
- Society/developer transfer fees
- Society membership fees
Wednesday, August 1, 2018
How to plan early for a relaxed life post working years?
Benjamin
Franklin once said "Failing to plan is planning to fail" and
it sounds so obvious for one of the most important part of our lives -
RETIREMENT. Proper retirement planning considering your current standard of
living, your assets and liabilities and the impact of inflation on them, will
help you enjoy a relaxed life post your working years.
Use a
retirement calculator to estimate the amount you would need to invest now to
lead a comfortable life post-retirement. Once this amount is known you can buy
a retirement policy from an
established insurance provider. Today more than a dozen insurance companies
offer retirement & pension plans
with several benefits / flexibility ranging from single premium pension plans to regular annual premiums, lump sum payment to annuity payouts or a
combination of both and many others.
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