The word ‘guaranteed’ has a strange aura to it and it can suspend all our logical senses to consider and buy whatever investment is on offer. Insurance companies have used this aspect to sell (missell) anything and everything to the unsuspecting investors. It is not uncommon to see 10%, 12% guaranteed income numbers being thrown […]
[Calculator] Which house can I afford with a loan?
Real Estate just happens to be a purchase where you never, ever, stick to your budget. I have heard countless stories where people went to buy a 1 bhk but ended up booking a 3 bhk. A 1000 sq.ft. carpet soon became a 1600 sq.ft. carpet. And then you go about running calculations with your […]
You are underinsured. The numbers prove it. – Life Insurance Calculator 2.0
In the process of financial planning, protection via insurance is one of the key areas that I look at. In almost all cases, the observation I make is – “You are underinsured.” I am referring to the life insurance cover here. Most individuals have a combination of traditional plans – money back, endowment, some guaranteed […]
Life insurance gets you tax saving as well as financial planning
As the tax season races fast to closure, one of the key tools that should focus on is a life insurance cover. Interestingly, the premium on a life insurance cover not only saves you taxes but also provides a solid low cost foundation for your financial plan. It has been said enough times by enough […]
The tricky aspect of saving for your child’s education
Child’s education is a very close to the heart dream for any parent. Who doesn’t want to provide the best children to their child? But sometimes there is a conflict between serving your own goals and those for your child. The way to resolve the emotional conflict is to first understand the numbers and then […]