Financial Planning Financial planning is the process of setting goals, assessing resources, and creating a roadmap to achieve those objectives. It involves evaluating your current financial situation, identifying areas for improvement, and charting a course toward financial stability and growth. Whether your goals include buying a home, funding your children’s education, or retiring comfortably,… Read More »
Retirement Plan Retirement plan is the stage of life when an individual voluntarily exits the workforce, typically after reaching a certain age or meeting specific criteria set by their employer or government. It’s a time when people cease full-time employment and rely on savings, pensions, and government benefits for income. Age of Retirement: The… Read More »
Pensions Pension schemes is a retirement benefit provided by employers, government agencies, or other organizations to eligible employees. It’s essentially a form of income paid regularly to retirees during their post-employment years. Pensions are designed to replace a portion of the individual’s pre-retirement income, ensuring they have a reliable source of funds to cover living… Read More »
Atal Pension Yojana (APY) Atal Pension Yojana named after the former Prime Minister of India, Atal Bihari Vajpayee launched in May 2015 by the Government of India. The primary objective of APY is to provide a pension scheme for workers in the unorganized sector, who often lack access to formal pension schemes and social… Read More »
Provident Funds (PF): Provident Funds (PF) is a vital financial tool design to ensure employees have a secure retirement. It is a government-manage, mandatory savings scheme that offers numerous benefits to employees in various sectors. What is Provident Funds? Provident Fund is a government-back savings scheme where both employees and employers contribute a… Read More »