Retirement planning is considered crucial in the YoLo (You Only Live Once) era, and it holds significant importance in the Indian context. Retirement planning is often overlooked, especially among the younger generation. However, with the increasing life expectancy and rising cost of living, it is more important than ever to start saving for retirement early….
The Andhra Pradesh government has started the process of implementing the GPS. (Representative image) The OPS is a defined benefit pension scheme, which means that employees are guaranteed a fixed pension after retirement. The Andhra Pradesh government is planning to implement a Guaranteed Pension System (GPS) for its employees, which is a hybrid model of…
Though retirement planning is off the radar for many people in their 30s and 40s, NRIs have set a robust financial plan well in advance. (Representative image) SBNRI survey reveals 56% of US, followed by 44% of the Canada-based NRIs have started investing in India to support their decision to return post-retirement. The Indian economy…
Women show a 5% higher monthly savings rate for future goals. Their SIP investments have a 19% lower stoppage rate, affirming their resilience as long-term investors, said a new study, which unveiled a remarkable 42% rise in women investors, saving 5% more for future goals than men. Also Read: Retirement Alarm! Is India Financially & Emotionally…