Wills and Nominations, both vital legal instruments, play distinct roles in shaping the allocation of an individual’s assets after their demise. These tools, though aligned in their ultimate goal of asset distribution, comprise unique characteristics within the realm of estate planning and so are often used interchangeably. But, the law identifies their purpose, object, and consequence, and hence, it is important to know the distinction.
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“There is no such thing as a free lunch.” You may have heard this famous quote emphasizing the idea that you cannot get something for nothing. This is particularly true when it comes to selling financial products. People could have an agenda and/or an incentive to sell or not to sell a particular financial product to you.
In the year 2020, the government introduced a new tax regime under which taxpayers can choose to pay tax at lower rates. In this article, we compare old and new tax regimes, and help you understand which one could be more beneficial for you by discussing the differences in tax rates, deductions, and exemptions.
While the retirement benefits that we can get from a job or a government have been emphasized for years, retirement planning that we ought to do for ourselves has not received the same level of attention.
Beti ki shadi se bada baap ka kya farz hota hai? A father’s biggest duty is his daughter’s wedding. Two fathers, one spending ₹2.5 Cr and the other spending ₹6 lacs on their respective daughters’ weddings, make this statement in an episode of Made in Heaven on Prime Video. The show is about big fat […]
Keanu Reeves, a Canadian actor and the lead actor in the movie ‘The Matrix,’ was once asked in an interview, “What do you think happens when we die?” His response touched everyone emotionally for a moment – he said, “I know that the ones who love us will miss us.” Now, imagine if that person […]
If you have a home loan or a loan against any property/security, then you have a reason to smile. RBI, on September 13, 2023, came out with a notification stating that banks and NBFCs (non-banking financial company) must release all the movable or immovable property documents given as collateral within 30 days from the day […]
The Nifty 50 Total Returns Index (TRI) delivered a 10.36% CAGR between Mar-08 and Mar-23. ₹1 lakh invested in Mar-08 would have become ₹4.4 lakh in the 15 years through Mar-23. Does that mean, at a 10.36% compounded rate, your investment in Nifty 50 would have grown steadily year after year? Meaning, would your INR […]
One of my pet peeves with personal finance books is that investing gets all the attention. It’s not that investing isn’t an important part of personal finance, but beyond a point, it’s a giant distraction. There are bigger personal finance priorities than investing. Unless you’re an investing professional, spending more than a couple of […]
The financial media tells me that the US Federal Reserve and the RBI will soon raise interest rates because inflation is out of control. If inflation is hot, interest rates rise, and the Fed stops printing money, liquidity will dry up, and the markets will apparently crash between 50-80%. According to the “experts”, the target […]
If you ignore the brutal bear market over the last one month, we’re still in a raging bull market. A lot of people think that the markets are in a bubble. I don’t know. I guess nobody knows. Talk of bubbles always reminds me of this tongue in cheek quote by Eddy Elfenbein: A bubble […]
