Retirement Planning
165 Threads
Do Indians require a bigger retirement corpus than Americans? To plan your retirement, many may tell you to follow the 25X corpus rule. This rule originated in the US and works w...
National Pension Scheme(NPS)-A product for retirement! Like the 401(K) plans in the US, NPS an excellent tool for building a pension for your retirement! A thread🧵on everything y...
Setting up a Solo 401k is the biggest personal finance win for anyone self-employed - A $69K tax deduction per spouse - Tax-free compounding - Support for Roth contributions - Inv...
Everyday I meet people wanting to liquidate their savings that they put in some idle piece of land in the middle of nowhere. A reminder that: 1. Undeveloped land doesn’t generate...
7 More Advanced Personal Finance Rules That Will Help You Grow More 1) 3 Funds Portfolio Rule 2) The 4% Rule for Retirement: 3) 30-Day Rule: 4) The 25x Expense Rule 5) 10-Year R...
The Roth IRA is one of the most powerful investment accounts you can have. Yet many people don't have one. Here is a quick breakdown:
With a portfolio of KES 20M, you can withdraw KES 1.2M every year & probably never run out of money This only accounts for 6% of your portfolio With an average annual return of a...
⚠️⚠️you're STUCK in a terribly structured & expensive retirement annuity, destroying your returns - it's finally time to switch!! here's an insider's guide on hidden fees & the fin...
Indians may need over 33 times their annual expenses at the age of 60, to retire. That's higher than the 25 times used in US. This is the key implication of a new paper by Rajan Ra...
NPS can help you build a retirement corpus of ₹5 crores🤯 It comes with the upside of equity & tax savings too📈 You can save far more than ₹2 Lakhs p.a. and reduce your taxable in...
Provident Fund(PF) is an excellent product that enjoys EEE status It is completely exempt from taxation A thread🧵on different types of PF and the features of each one of them! Le...
My favorite perk of being a business owner or having a side hustle: You get access to the most powerful retirement plan in America - a Solo 401k Here are 10 reasons why everyone...
National Pension Scheme(NPS)-A product for retirement! It is an excellent tool for building a pension for your retirement! A thread🧵with a complete overview of the scheme Lets go...
I have corporate health insurance of 5 Lakhs from my Office What is the need for personal health insurance? So many people think this way But who will cover u when u retire? A th...
A significant change in NPS is on the horizon. The NPS Regulator, @PFRDAOfficial, is introducing systematic withdrawals. Its impact? After retirement, you can make fixed monthly...
A Roth IRA is a powerful wealth building tool Let me show you how it works:
If you work for yourself or have a side hustle, you are eligible for the most powerful retirement account in America You can get: - A tax deduction of up to $66K / year - Tax-fr...
How can I retire as a millionaire? To help you visualize things better, we provided a table based on the average EPF savings of all members in each age group. The calculations in...
How much pension will you get from NPS after you retire? Well, it depends on 3 things. 1. Corpus 2. Annuity variant 3. Insurer Say, a 60-year-old buys an annuity for Rs 1 cr tod...
For govt employees, #NPS could change forever. Courtesy, a move by the Andhra Pradesh (AP) govt. The state plans to bring a GUARANTEED PENSION SCHEME for its employees using NPS....
There’s a hidden danger, lurking in the shadows, waiting to ambush your retirement plan. What is it? It’s called “sequence of returns risk”, or SORR for short. Here’s how it wor...
Baby Boomers cannot conceive of world that keeps spinning without them, they think the world ends w/ them. It's why they squander their net worth in luxurious retirement instead o...
It's crazy how few people know about cash balance retirement plans 401k's are limited to a maximum of $66K / year But a cash balance plan lets you get a tax deduction of $200K+...
I think the FIRE community pays very little attention to the decumulation phase. That is where the math gets interesting.
