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3 MYTHS CLIENTS HAVE ABOUT RETIREMENT PLANNING Majority of Indians do not start saving early for retirement or build a sizeable corpus. Since the average life expectancy is around 65-70 years, they have the perception that they won’t need lots of funds in retirement. As a result, clients continue to concentrate on other financial objectives such as child’s education, marriage, buying a house etc. Listed below are few myths clients have about retirement planning and how financial advisors can explain the reality to them: 1. Sticking to fixed income products in retirement Retired investors prefer a less risky portfolio because they believe they won’t be able to handle the instable nature of equity funds. Thus, they invest all their money in fixed income funds. Markets are undoubtedly volatile, but selecting a single asset category can be riskier owing to rising life expectancy. Interest earned from fixed income products alone won’t be sufficient to take care of living ...
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How to manage money when in your thirties

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How to manage money when in your thirties Posted by:  Uma Shashikant on Jul 02, 2018, 03.47 PM IST By Uma Shashikant   This week’s story is about a 35-year old friend, who wants to be in charge of his money, but is not sure how to go about it. That middle stage after working for about 10 years is a challenging one for many. When the elderly speak of “settling down”, the young shrug it off. There is no stereotyping one’s money journey. At 35, some may have risen to be CEOs; some would have founded a potentially big business; some chosen a second profession and made  progress; but this story is about the others, who have to make do with what they have, and still feel good about it.  Not all of us find our calling; or end up with jobs we love doing. Our friend is an engineer, who found work at a large firm. He then worked hard to keep his job and earn a good performance rating. In the large group of thousands of engineers, he did not know what his  ca...
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