Monthly Archive: November 2013

Nov 28

Latest Financial Planning article in The Hindu Business Line

fp28Nov

  I am a 33-year-old NRI and intend to work abroad for about 15 years. Once I return to India, I may continue to work for a few more years. My son is one. My mother is dependent on me, but not financially. For all my goals, I save in RDs and from there I …

Continue reading »

Nov 18

Latest Financial Planning Article in The Hindu Business Line

fp18Nov

I am 29 years old and work for a private bank. My wife, 24, is also employed. We have a 2-year-old daughter. My parents stay with me. My monthly surplus is Rs 9,000. I am planning to start an daily SIP in stocks and mutual funds. As a bank employee, I am entitled to one …

Continue reading »

Nov 18

Govt Changes Rule on HRA Claim

Many people live in their own houses, yet claim HRA tax benefit by submitting a rent receipt. The government has now plugged this loophole. It has also lowered the exemption limit for reporting the rent received.  The Central Board of Direct Taxes recently issued a circular  in this regard.   If you’re a salaried taxpayer …

Continue reading »

Nov 13

Latest Financial Planning Article in The Hindu Business Line

fp13Nov

I am 35 years old and work for a private sector bank. My wife is a home maker. My parents are retired and enjoy good pension benefits. Due to a medical condition, we cannot have children. My current work profile has taken a heavy toll on my health. As a result, I wish to retire …

Continue reading »

Nov 08

Invest now for a 3- 5 year goal.

Graph

Giridhar Rao sold most of his investment in equity mutual funds close to his buy price in the recent market rally. Savvy investors may call it a herd mentality, but he knows the pain of holding his investments for five years. There is no right or wrong in his behavior. Investors not following goal-based investments …

Continue reading »