Ask people to state in a single word the one thing they should all have after retirement, and you can bet your right arm that their answer would be ‘dignity’. In case you came up with the answer ‘health’, you may rest assured that the previous clear-cut answer already embraces the concept of good health. So, yes, a dignified life is what all people actually want after retirement when their regular income-generation activities come to a halt. But, as it so frequently happens, debilitating issues often come up in all shapes and sizes, each gnawing a bit off that ultimate goal.
If dignity is indeed the average individual’s top priority, nothing can demonstrate it more than financial dignity. The latter depends on an array of factors, namely: savings, investments, risk appetite, asset allocation, time horizon, and so on. But to keep it short and simple, financial dignity will be a factor of one’s surplus and the manner it is put to use. Surplus, if used unwisely would run out soon, especially if it generates low returns. This has been proved true across timelines.
A new financial year is just the right time to view this from several angles, both from the perspective of savings and investment. I will take up a bit of both though, and seek to balance it all out with a few practical to-dos. So here’s a word for the discerning reader for the financial year 2024-25.
Perspective of a Saver
Bu hikaye Outlook Money dergisinin April 2024 sayısından alınmıştır.
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Bu hikaye Outlook Money dergisinin April 2024 sayısından alınmıştır.
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Liquidity Coverage Ratio Framework
At the recent monetary policy committee meeting in April 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das proposed changes in the liquidity coverage ratio (LCR) framework to successfully meet liquidity risk.
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FROM SAVINGS TO SECURITY: HOW INDIANS ARE PREPARING FOR THEIR SUNSET YEARS
The Outlook Money - Toluna Retirement Survey conducted in December-end 2023 threw light on how Indians plan and save for retirement. A growing number of Indians now understand the necessity of retirement planning, and want to enjoy their retirement years with kith and kin
Here's How To Install A Solar Panel
It is the season of solar panel subsidy announcements. Right after the Centre launched the PM Surya Ghar Muft Bijli Yojana to offer subsidies to 10 million households to set up rooftop solar systems, the Delhi government has announced an extra capital subsidy of ₹2,000 per kilowatt (kW) to Delhi residents for rooftop solar panel installation. Both governments have caps on subsidies. Some other states, too, offer incentives on the use of solar rooftop panels.
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Instead of judging others, have clarity about what you want from your money, where you want to spend it and how you want to feel about it
3 THINGS TO CHECK BEFORE YOU EXIT YOUR POLICY
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Small And Mid Cap Rally: Be Wary
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HOW TO MAKE SENSE OF THE GOLD RUSH?
The precious metal has been on an upward rally for the last couple of years due to factors as diverse as geopolitical conflicts, bulk buying by central banks, and hope of rate cuts, of late. The key, therefore, is to invest in gold in a staggered manner
'People Are Normal. They Are Sometimes Ignorant But They Are Not Stupid'
Meir Statman, the Glenn Klimek Professor of Finance, Leavey School of Business, Santa Clara University, California, is the second generation of behavioural finance experts who refused to label people as \"irrational\" and instead called them \"normal\". In his latest book, A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, he expands the circle of finance to include life well-being and shows how they are inextricably intertwined. As part of an interview series, 'Wealth Wizards: Money Maestros in conversation with Nidhi Sinha, Editor, Outlook Money', Statman spoke about his research, and explained concepts through anecdotes that can help you take balanced decisions. Edited excerpts:
