Dev AshishUnderstanding the difference between financial planning before and after retirement is extremely critical—more so for those planning to retire in the next 10 years.For simplicity, let’s refer to Financial Planning before Retirement as FP-Before and Financial Planning after Retirement as FP-After in this article.Close FP-Before focuses on the accumulation phase—the years before retirement. A good financial plan (before retirement) will make sure that you set a realistic retirement corpus target. It will also push you to invest enough to reach the target retirement corpus at the right time in the future. It goes without saying that in the years before retirement, there are other goals such as children’s education and house purchase too. related news How NRIs can manage property and money matters in India Money lessons for start-up employees Markets are taking comfort from the government’s continuous engagement with industry: UTI … [Read more...] about Money planning differs significantly before and after retirement
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Liquid mutual funds are mutual funds that invest in debt instruments and money market instruments. Liquid funds have a tenure of up to 90 days i.e. nearly three months. However, if you are an investor putting in your money in liquid funds, you need to know that you can only invest up to Rs 10 lakh.The NAV of the liquid fund is calculated for 365 days, whereas the NAV of other funds is calculated only on the basis of business days. Benefits of liquid Mutual FundsHere are the key advantages of liquid funds which make them an attractive option for the investors:Close Minimal lock-in period - Lock-in periods can range from 3 days to 3 months maximum. This means that you have access to instant liquidity in case of any emergency. You can sell the units without any hassle without any exit load. related news CIC issues show-cause notice to RBI for casual approach to its notice Japan government approves economic stimulus package to combat overseas risks Oil rises as OPEC … [Read more...] about Liquid Funds: What are Liquid Mutual Funds in India?
Your billing cycle will be sent to you every 25-31 daysWhen using a credit card, you need to be aware of several terms associated with it, one of which is the credit card billing cycle. Understanding the billing cycle of your credit card is important for financial planning. Once you know your credit card billing cycle, you can use your card to the best of your advantage. The billing cycle refers to the period for which your credit card bill is generated. All the transactions that happen during the billing cycle will reflect in your next statement. What is the billing cycle? Let us take an example to understand what billing cycle means. Let us say your credit card statement is generated on the 4th of every month. Your credit card billing cycle will start from the 5th of the previous month and continue till 4th of the current month. During this period, all transactions done on your credit card will show up in your monthly credit card statement. This would include all credit … [Read more...] about What is Credit Card billing cycle? How it works, due date and minimum payment
“This is a meditation, just with your body,” begins fitness instructor Taryn Toomey in her deep, gravelly voice, reminiscent of Kathleen Turner. “Feel what your mind is trying to tell you.” advertisement advertisement I am in The Class, billed as a “cathartic mind-body experience” by founder Toomey, who is leading the session in her Tribeca studio. The airy space is outfitted with marble counters, soothing neutral palettes, modern gold-plated fixtures, and wood floors embedded with a layer of rose quartz crystals. Tunes by Florence and the Machine and The XX set the pace of The Class’s routines. As instructed, I am squatting and breathing deeply as a chorus of Lululemon-clad attendees repeatedly shout, “Huh!” in unison. These affluent working women are using sound to (Toomey claims) harness and release energy, treating the class’s mix of cardio exercises, body conditioning, yoga, and meditation as a sort of therapy … [Read more...] about Is This Workout For Your Feelings What American Women Need Right Now?
Editor’s Note: This story is part of our feature, “Secrets of 13 of the most productive people.” See the complete 2018 list here. advertisement advertisement No room in your day for exercise, networking, volunteering, reading, meditating, or any of the other priorities that keep getting bumped from your to-do list? A time-management expert demonstrates how easy it can be to liberate minutes, if not hours, from tight schedules. Yes, even yours. 6:30 a.m. Quit the snooze button: Get up right away. Thirty minutes of margin gives you enough time to run on a treadmill (or outside!) 7:15 a.m. Meditate/pray/count your blessings in the shower: Most people let their minds wander in there anyway. Why not nudge yourself in a positive direction? 7:45 a.m. Put a reading app (Kindle, Instapaper, Pocket) on your phone: A recent study by Asurion revealed that Americans check their phones, on average, 80 times a day. Use 10 of those reflexive scrolling breaks to read an … [Read more...] about 13 hidden pockets of daily free time you didn’t know you had (and how to make the most of them)