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Why do RIAs charge fees?

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The financial services industry is a rapidly changing professional environment. As the needs and desires of consumers change, firms engaged in managing money are also evolving. A registered investment advisor (RIA) manages the assets of individuals and institutional investors. He or she … Continue reading

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Spiralling education costs can kill your savings

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The fees for class of 2017-19 batch of IIM-Ahmedabad will be Rs. 21 lakh for the two-year MBA course. Laptop computer, personal expenses on boarding, travel, clothes and laundry are extra. https://www.iima.ac.in/web/pgp/apply/domestic/expenses This is 400% higher than what the B-school … Continue reading

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Changes in PPF and NSC rules for NRIs

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NSC is deemed to be encashed on the day the holder becomes an NRI, while PPF account is deemed to be closed if the status of the account holder changes. With changes in investment rules for select small savings schemes, … Continue reading

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What if I live too long

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It is a rare thing to hear of someone who has celebrated their 100th birthday. It is rarer still to meet such a person. But with improving health facilities a day would come soon that there would be more than … Continue reading

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Retirement seems to be the lowest priority financial goal for many Indians

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A recent report by the Reserve Bank of India throws light on the financial complexion of Indian households. Very briefly, we tackle five points: Assets, Liabilities, Pension, Insurance and Retirement. You can read the entire report here. What assets do … Continue reading

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How does a Systematic Withdrawal Plan (SWP) work

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Source: Morningstar A systematic withdrawal plan, or SWP, is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals (a fixed date every month, once every two months, or even quarterly). This generates … Continue reading

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Reverse Mortgage…. the ultimate retirement solution

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Life post retirement under old age can be very difficult and nightmarish without proper financial support. The situation arise due to lack of or improper retirement planning or failed expectations you had from your children regarding taking care of you … Continue reading