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Should you stop your equity mutual fund SIPs right now?
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Stock market at all-time high: Is this the right time to stop your equity mutual fund SIPs?
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Synopsis
Though awareness is rising, insurance buyers still make costly mistakes. Find out what these errors are and how you can avoid them.
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Buying life insurance has become a priority for many after Covid. The pandemic has claimed over 1.6 lakh lives in India. In many cases, breadwinners have succumbed to the virus, leaving families in disarray.
To be sure, Covid has created more awareness about the need for adequate protection. There is a distinct shift towards considering life insurance as a tool for financial security, reveals a recent Tata AIA Life Insurance Consumer Confidence Survey. Almost half of the respondents said they need to buy a life insurance policy in the next six months. During the pandemic, 51% of respondents bought life insurance, of which 30% were first-time buyers.
Life stage financial planning: Money management in your 50s, the last decade of active work life
The 50s age group is your last chance to maximising your return on investments. Invest in equities, but also start planning your retirement December 25, 2020 / 11:17 AM IST
Note to readers: No two people’s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ. But the first principles are more or less common, depending on your age bracket. Moneycontrol personal finance’s new series called ‘Life stage financial planning’ will tell you what these broad principles are, depending on whether you are in your 20s, 30s, or 60s
Life stage financial planning: Saving for children’s goals and retirement in your 40s
Financial planning in your 40s is tricky. Your parents may have retired and may become dependent. Your children’s education and other expenses may shoot up December 23, 2020 / 10:20 AM IST
Note to readers: No two people’s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ. But the first principles are more or less common, depending on your age bracket. Moneycontrol personal finance’s new series called ‘Life stage financial planning’ will tell you what these broad principles are, depending on whether you are in your 20s, 30s, or 60s
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