Plan

    Here’s how to take back control of your finances in 7 steps

    Financial stress can affect both your mental well-being and your money habits. Managing money worries starts with taking small steps to gain control over your finances. Building a budget,

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    Is it better to distribute one’s assets during lifetime or after demise? Which succession tool is best suited to your needs?

    Inheritance conflicts frequently occur in India as families navigate the complexities of passing on legacies. Although parents strive to create secure financial futures for their offspring, disputes over property can easily ensue. This piece delves into various asset distribution strategies like wills, gift deeds, trusts, and joint ownership arrangements.

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    Nominee vs legal heir: Know who really inherits your money

    As you embark on the journey of safeguarding your finances through insurance and bank accounts, appointing a nominee is a common practice. However, keep in mind that the nominee serves merely as a temporary custodian, while your legal heir ultimately holds ownership of your assets. Recognising this key difference is vital in protecting your financial intentions.

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    How to claim your inheritance — property, EPF, bank FDs, mutual funds

    Navigating the inheritance of assets following a loved one's death can be a daunting task. Families are tasked with understanding the legal intricacies needed to access everything from bank accounts and stocks to insurance policies and cryptocurrency.

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    Why families should review their portfolios together

    Why families should review their portfolios together

    A fund manager is paid only for relative returns compared to a market benchmark. He only has a portfolio that is expected to beat a known benchmark.

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    Master your money: 5 financial habits that build wealth and reduce stress

    Your financial health is just as important as your physical well-being. By managing your money wisely, you can build a strong foundation for the future. Simple habits like budgeting better

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    Work-life balance vs FIRE: Which lifestyle really buys you freedom?

    Work-life balance keeps you happy today, while the FIRE movement? aims to give you freedom in the future. This approach focuses on saving aggressively and investing wisely to retire early.

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    Late parenthood financial planning: How to balance child expenses and retirement savings in your 40s

    Finance professionals Subeer and Niyati Gupta, new parents in their early 40s, are reassessing their financial plan. Balancing child-rearing expenses with retirement savings, they prioritize retirement and education funds, considering delaying retirement and cutting discretionary spending. Estate planning, including trusts, is crucial due to their child's young age.

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    Retirement reality check: Why overconfidence about your golden years can backfire

    The fears that are associated with the cessation of income, or the loss of power or purpose, should make one a little pessimistic about retirement. However, research has shown that most people tend to view retirement as a reward for the hard work of the many years.

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    How long will my retirement corpus of Rs 3 crore last with monthly expenses of Rs 3 lakh?

    How long will my retirement corpus of Rs 3 crore last with monthly expenses of Rs 3 lakh?

    ​​I am 60 and retired recently. I have a retirement corpus of Rs 3 crore, and our monthly household expenses currently stand at about Rs 3 lakh. My

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    The Economic Times