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Planning to Retire This Year? Here is How You Should Prepare for the Next Tax Season

January 29, 2018 Leave a comment

wealthymatters It is crucial to invest your retirement corpus diligently. Before you make your investment decisions, evaluating and analyzing different options is beneficial. You do not want to speculate your retirement corpus. You may prefer earning slightly lower returns for the security of your funds.

Your primary objective is to generate fixed income through your limited savings. The first step is to collect all your funds from instruments, such as gratuity, Public Provident Fund (PPF), savings bank accounts, equities, fixed deposits (FDs), and insurance. Read more of this post

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Be An Early Bird

August 2, 2014 Leave a comment

wealthymatters There is a time and place for everything.And there’s nothing much to be gained by rushing to do everything irrespective of its importance.But in the case of the PPF,it pays to be an early bird.Literally.

Interests are calculated on the basis of the balance on the 5th of every month in your PPF acount.So if you plan on depositing money into your account in any given month,try to do so before the 5th to pick up a little more interest.

And if you can manage to write the 1 lac cheque on the 1st of April,do so.If you make the maximum contribution on the 1st of April every year,you will take away approximately 2.5 lacs extra in interest at maturity. Taxfree. Risk free.