Today: 16. Nov, 2024
In an era where retirement doesn’t necessarily mean the end of work, individuals find renewed purpose and connections through continued employment and “encore careers.” Amy Arnott and Marc Freedman delve into the multifaceted benefits of working beyond the traditional retirement age, emphasizing…
In a significant move for its over six crore subscribers, the Employees’ Provident Fund Organisation (EPFO) has set the interest rate on employees’ provident fund (EPF) deposits at 8.25% for the fiscal year 2023-24. This adjustment marks a three-year peak from the…
In an era where digital wallets are becoming increasingly popular, with over half of Americans preferring them over traditional payment methods, according to Forbes Advisor, the importance of securing these digital assets cannot be overstated. As we gradually move towards a cashless…
One fundamental question often looms in the journey toward retirement: what amount of money equates to “financial security” or “financial freedom”? This number remains elusive for many, a distant figure shrouded in uncertainty. Yet, understanding this financial freedom number is crucial for…
In a recent survey conducted by SecureSave, a startling revelation came to light – a whopping 63% of Americans do not have enough money readily available to cover an unexpected $500 expense. For those who have diligently built a more robust emergency…
These cost-effective, well-diversified funds can be your solution for those aiming to streamline their retirement investment journey. A robust retirement portfolio hinges on nailing three main aspects: an apt mix of investments, minimizing fees, and ensuring the assets align with your retirement…
Many believe that consulting a financial advisor is only about managing finances. But there’s another crucial topic to cover: your health. If you’re not in good health, the dream retirement you’ve envisioned may not be possible. To put it more bluntly, if…
Retirement and estate planning often revolve around one’s descendants. Parents and grandparents tailor plans to their offspring’s needs and aspirations. If you’re someone who doesn’t have children or grandchildren, your retirement strategy might look a little different. It’s likely you’ll have a…
The alarming reality confronting numerous Americans is the impending retirement age without any financial cushion. Recent data shows a mere 10% of low-income workers aged between 51 and 64 had retirement savings in 2019. This is a sharp decline from 20% in…
The uptick in benchmark interest rates by the Federal Reserve during 2022 and 2023 might not be favourable for borrowers, but it spells positive news for savers. The present scenario enables those opening new accounts to secure attractive rates on various financial…
