Page 8 - Financial Planning

Three top women execs and the challenges they face in their financial lives

Higher life expectancy, inadequate retirement planning and insurance, and risk aversion are some of the key issues they feel Indian women need to address

Choose a financial planner who asks the right questions, says Noel Maye

Look for someone who has the CFP certification. Talk to more than one planner, suggests Maye

Make judicious investment choices when entering NPS and stick to them

While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be advisable except in volatile market conditions

A quick guide on financial planning for the wedding and life thereafter

While budgeting is very important for pre-wedding, wedding and honeymoon expenses, couples must also plan for their long-term goals when they finally settle down

Common mistakes to avoid when passing wealth onto the next generation

Devolution of property would be governed under the Hindu Succession Act, the Indian Succession Act, or the respective personal laws for Muslims in case there's no Will

Choosing the right financial planner is a wise investment, say experts

Discussing scope of work will enable the registered investment advisor to decide the right fee

Need to reduce your portfolio risk by rebalancing, say analysts

Avoid extreme steps like investing more in equities amid the bull run, or exiting completely for fear of a correction

Steps to undertake while conducting a mid-year review of your portfolio

Mid-year reviews have become extremely crucial for assessing portfolio health during Covid-19 times

What you should do to soften the blow of second Covid wave on your finances

This is a time to focus not on maximising upside gains but curtailing downside risks

Invest young: Financial planning tips for people taking up their first job

Business Standard's Bindisha Sarang tells us five things every 20 something or millennial should know about money. Listen to know more

Invest young: Financial planning tips for people taking up their first job

Business Standard's Bindisha Sarang tells us five things every 20 something or millennial should know about money. Listen to know more

Tweak your portfolio to help it meet challenges of the new financial year

Check whether you saved adequately during the previous financial year, your asset allocation is in sync, and you have adequate life and health insurance

Senior citizens: Strike a balance between tax saving and liquidity

They must also maximise the utilisation of the higher deductions available to them

Purchase annuities in a staggered manner to get a better rate of return

Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return

Cheque payment to FASTag, rule changes that will affect your money in 2021

Cheque payments will be safer; the limit for contactless card transactions to increase

How to organise your financial documents for a clutter-free 2021

Tips on figuring out which document needs to go straight into the dustbin and which needs to be kept, just in case

Sometimes selling winners makes sense

I ask investors if they would buy an investment at its current price.If the answer is no, then it is not wise to continue holding it, says Harsh Roongta

Once new wage code kicks in, you may need to shed some debt weight

Wage code raises EPF contribution, to offset this invest less in PPF or NPS

Don't let poor three-year returns deter you from investing in ELSS

If your equity exposure is low, invest in them for tax saving purpose

Want to send your child abroad for studies? Tips for financial planning

Listen to the podcast to know more about financial planning for child's foreign education