Page 2 - Retirement

Half a million dollars for a break? World's rich take 3 mini-retirements

Retirement Is Dead. 6-12 Month Breaks Are the New Status Symbol

Rewriting retirement: A new window has opened for pension subscribers

The government has opened a one-time window for employees under the Unified Pension Scheme (UPS) to switch back to the National Pension Scheme (NPS), reshaping retirement choices for millions

Trump opens door for private equity, crypto as 401(k) retirement plans

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of funds worth trillions. There is no immediate change in how people invest part of their work earnings. Federal agencies would need to rewrite rules and regulations to allow the expanded choices, and that would take months or more to complete. But once done, employers could offer a broader array of mutual funds and investments to workers, according to the White House. New plans could invest in alternative assets, particularly private equity, cryptocurrencies and real estate. The Republican president's order directs the Labour Department and other agencies to redefine what would be considered a qualified asset under 401(k) retirement rules. Americans' retirement plans ar

Extension to bureaucrats post retirement in exceptional circumstances: Govt

The government on Wednesday said service extension to IAS, IPS and other officers after retirement is given in exceptional circumstances and in public interest. The assertion came in response to a query seeking the details of the number of Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Revenue Service (IRS) officers who have been given an extension after their retirement during the last five years. "Extension of service after retirement is given in exceptional circumstances, in public interest to officers belonging to All India Services in accordance with provisions contained in All India Service (Death Cum Retirement Benefit) Rules, 1958/relevant rule," Union Minister of State for Personnel Jitendra Singh said in a written reply to the Lok Sabha. The reply, however, did not specify the number of extensions granted in the last five years.

EPFO settles nearly half of all claims within three days this fiscal

Retirement fund body EPFO settled nearly 50 per cent of claims, mainly withdrawal, within three days of filing this fiscal, a senior official said quoting data till June 5. The official stated that the proportion of such settled claims was about 39 per cent in 2024-25 at 2.34 crore. The Employees' Provident Fund Organisation (EPFO) has settled 68.96 lakh claims within 3 days between April 1, 2025 to June 5, 2025. The proportion of the claims settled within three days is expected to rise exponentially as EPFO will soon enhance the limit of automated claims settlement to Rs 5 lakh from the existing Rs 1 lakh, the official said. The official also said that the limit hike does not require approval of the Central Board of Trustees (CBT), the apex decision making body of EPFO. The official further explained that it can be done by the Central Provident Fund Commissioner, the executive head of EPFO. The CBT is headed by the Union Labour & Employment Minister with employers and trade unio

Deferred annuity plans: Ensure retirement income with guaranteed return

Inflation will reduce value of payout, so invest part of retirement corpus in growth instruments

HNIs aim for early retirement but low savings, planning hold them back

A Marcellus and Dun & Bradstreet survey shows that Indian HNIs want early retirement and education abroad for children, but poor saving habits and planning hinder goals

Choose loan-against-property for higher amount, low rates, flexible end-use

Avoid taking out such a loan if you have irregular income, are retired, or approaching retirement

Prashant Tripathy to step down as Axis Max Life MD & CEO in September

Axis Max Life CEO Prashant Tripathy to step down by September-end after six years at the helm; board to begin search for successor, subject to regulatory nods

Axis Max Life MD, CEO Prashant Tripathy to step down by September 2025

Tripathy, associated with the company since 2007, has served as MD and CEO for the past six years

Kohli's retirement a timely reminder that stars also need their down time

They may seem invincible on the field, but sports icons have vulnerable moments too-and need time and space to recover

Retired a day before your annual pay hike?You might still get pension boost

Employees retiring just before their annual increment will now get a notional hike for pension, no arrears, but a big win for post-retirement income.

Govt workers retiring a day before hike to get notional increment: Centre

Central government employees retiring a day before their annual pay hike date would be eligible to get notional increment for the purpose of calculating the pension admissible to them, an official order said. The move follows a Supreme Court order in this regard. "It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the personnel ministry said. The existing rules allow the employees to choose either July 1 or January 1 as their increment date. As specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 .

Kohli signals Test exit ahead of England tour; BCCI urges him to reconsider

Virat Kohli has informed the BCCI of his intent to retire from Test cricket; the board has requested him to reconsider ahead of the crucial England series

How inflation shrinks your retirement corpus & ways to tackle it?

To beat inflation one construct the portfolio in a manner which proper debt to equity mix to beat inflation

Will Dhoni retire after IPL 2025? Here's what 'Thala' said on retirement

Ahead of the 2025 season, Dhoni was once again retained as an uncapped player, signaling his continued participation in the league.

What should retired people do during market downturns?

With proper planning and a balanced approach, Indian retirees can maintain their lifestyle and financial security even during challenging market conditions, expert says

Tata AIA Life's Smart Pension: See 30-year investment returns

The customer can also choose for OPD services by opting for Health Secure Rider

Avoid overspending, financial mistakes in early years of retirement

Persistent high inflation in developing countries, including India, confuses people and makes them spend much more than they should during retirement

The art of leaving: Ashwin quits international cricket without any fanfare

With 537 wickets from 106 Tests, Ashwin is India's second-highest wicket-taker in Test cricket, behind Anil Kumble