Savings

Financial planning: How much is enough to retire early looking at current inflation, domestic and global economic scenario?

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Financial planning: How much is enough to retire early looking at current inflation, domestic and global economic scenario?

In our traditional society, 60 years used to be considered the standard retirement age. However, in recent times, an increasing number of individuals are challenging this age limit by opting for early retirement. Many experts advocate for the pursuit of financial independence, known as FIRE (Financial Independence, Retire Early), with the goal of retiring much … Read more

Best Savings Rates Today, Nov. 7, 2024: Score a High APY Before Rates Drop Further

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Best Savings Rates Today, Nov. 7, 2024: Score a High APY Before Rates Drop Further

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and … Read more

Best Savings Rates Today, Sept. 17, 2024: Take Advantage of APYs as High as 5.25% Before The Fed Cuts Rates

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Best Savings Rates Today, Sept. 17, 2024: Take Advantage of APYs as High as 5.25% Before The Fed Cuts Rates

Sergey Chayko/Getty Images Key Takeaways You can earn up to 5.25% APY with today’s top high-yield savings accounts.  The Fed is expected to cut rates at this week’s meeting.  Now’s the time to take advantage of high rates while they’re still elevated. The Federal Reserve is poised to cut rates at this week’s policy meeting, … Read more

How can I grow my Rs 50,000 monthly MF investment into Rs 8 crore for retirement in 19 years?

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How can I grow my Rs 50,000 monthly MF investment into Rs 8 crore for retirement in 19 years?

I want to invest ₹50,000 monthly in a mutual fund for my retirement. I aim to accumulate a corpus of ₹8 crores. I can invest for the next 19 years. Please suggest how I can prepare my portfolio and advise me accordingly on where I should invest. Reply by Shivansh Dandona: Head – Investment Management, … Read more

Best Savings Rates Today — Time May Be Running Out for High APYs, July 22, 2024

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Best Savings Rates Today — Time May Be Running Out for High APYs, July 22, 2024

Key takeaways The best savings accounts offer APYs as high as 5.45% — more than 10 times the national average. Savings account interest rates are gradually starting to fall as banks anticipate Federal Reserve rate cuts. You’ll earn the best rates at online banks and credit unions, so be sure to shop around. Want to … Read more

I have just started my investment journey. What kind of schemes should I not miss in my portfolio?

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I have just started my investment journey. What kind of schemes should I not miss in my portfolio?

Dear Sir, I have recently started my investment journey. Please let me know if there are any must-haves in the portfolio. Swati Reply by Rajiv Bajaj, Chairman & MD, BajajCapital Five must-have schemes for every person who is planning to lead a disciplined and resilient life full of confidence are: 1. Mutual Fund SIPs (Systematic … Read more

Early retirement: This wealth expert feels you should not retire early but invest for financial freedom

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Early retirement: This wealth expert feels you should not retire early but invest for financial freedom

In our traditional society, 60 years was the base retirement age. But with changing times, more individuals are challenging this age limit and opting for early retirement. Many experts have been encouraging the pursuit of financial independence, with the objective of achieving early retirement — commonly referred to as FIRE (Financial Independence, Retire Early). The … Read more

Building Wealth: Top Strategies for Effective Money Management

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Building Wealth: Top Strategies for Effective Money Management

In a world where financial stability and wealth accumulation are coveted goals, mastering the art of effective money management has never been more critical. Whether you’re starting on your journey to financial success or looking to fine- tune your existing strategies, understanding the principles of smart money management is the key to building wealth and … Read more

Muthoot FinCorp to offer NCD yielding 9.75% for 8 years; subscription window open till January 25

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Muthoot FinCorp to offer NCD yielding 9.75% for 8 years; subscription window open till January 25

Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore.  The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more

Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

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Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

Old Tax Regime slabs vs New Tax Regime slabs for senior citizens: Income Tax return filing is a mandatory exercise for all Indian citizens, salaried, non-salaried, senior citizens. According to the Income Tax department, an individual resident who is 60 years or above in age but is less than 80 years at any time during … Read more