The West’s baby-boomers are the richest generation ever to have lived—but they do not spend like it. Instead, as we report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the …
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him …
Get ready for some significant money changes coming your way this May! Big players like Yes Bank and ICICI Bank are introducing a number of changes with revisions proposed to their savings account charges and credit card rules, effective May 1, 2024. Meanwhile, HDFC Bank’s senior citizens special FD is set to end on May …
Just like in any financial year, most of you would be nurturing big-money goals for fiscal 2025 as well. Wealth advisors, meanwhile, often point out that your short-term goals should align with the long-term ones. As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we …
Maintaining mental peace is crucial. Embracing the morning sunlight promotes better sleep, contributing to a healthier and more fulfilling life. Maintaining a balance between health and wealth is a constant endeavour. For a flourishing life and to preserve both your well-being and financial stability, it’s crucial to modify certain habits starting today. Prioritising a healthy …
Constitution Day of India, also known as Samvidhan Divas, is celebrated annually on 26th November. It commemorates the adoption of the Constitution of India in 1949, which came into effect on 26th January 1950. This day holds immense significance as it marks the establishment of the world’s longest written constitution and represents the triumph of …