Here's a rundown of 11 significant news stories to keep you in the know:
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Planning an early retirement? Here's how you can do it
Early retirement is a dream for many of us. The idea of being able to retire before one achieves the age of 65 years, can be enticing, but there are multiple challenges that you can be faced with to achieve growth during the pre-retirement phase and enhancing income during post-retirement phase. To ensure a sustained income, one must distribute their investments across equities and debt using asset allocation.
While at it, it is wise to budget 15 percent or more for medical inflation. For individuals who have children, education inflation may represent 5 percent of their expenses.
Top 3 financial goals for millennial parents
Young parents in India typically have several financial goals, which may include creating a secure financial future for their children. Achieving these goals requires careful planning, budgeting, and investment.
Financial goals of young parents may vary depending on their personal circumstances and priorities.
Here are some common financial goals that millennial parents in India might have and how one must plan their investments to achieve the goals.
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