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Investing for Retirement The Complete Guid 1

There are several steps in planning for retirement, and the ultimate goal is to have enough money to stop working and do whatever you want. Our goal with this retirement planning guide is to help you achieve that goal. Step 1: Know when to start planning for retirement When should you start planning for retirement? …

How to Make a Budget-(A)

Every year a good financial plan starts with a solid budget. Whether you’re looking to pay your bills or save for a dream vacation, budgeting is your first step in reaching your financial goals. Follow these steps to establish a realistic budget. DETERMINE YOUR INCOME Start with the amount of money you make after taxes …

Liquidation Process - (A)

Liquidation involves converting a company’s assets into cash and using these funds to pay off the company’s debts as much as possible. The liquidation leads to the closing of the business. There are three different types of settlement: Voluntary liquidation of creditors: initiated by the directors of the company when they fear that the company …

Recovery and Resolution of Bad Loans - (A)

The recovery mechanism is a process of implementing the recovery procedures and mechanisms necessary to restore financial assets in the event that the borrower does not repay them. An APN, as explained above, is an asset that no longer generates income and income which, if not handled properly and in a timely manner, can cause …

Why is it necessary to buy Pension Plans_ - (A)

Life is like a mixture of chocolates. You don’t know what you are going to get. Fortunately, planning for retirement doesn’t have to be so uncertain. Insurance companies offer retirement plans that allow you to save and invest wisely on a regular basis so that you can be prepared for uncertainty and meet your goals …

How o Reduce your EMI by shifting your home loan to bank that offer lower interest rate-(1)

Homebuyers will have many options to choose from this holiday season. Property developers are offering discounts, some state governments have lowered stamp taxes, and banks are competing for lower interest rates. Interest rates have been the lowest in 15 years. For example, Kotak Mahindra Bank offers mortgage rates starting at 6.75%, while Bank of Baroda …

How an advance affects your credit rating and Alternatives to credit card advances-[A]

As with any form of a loan, an advance can affect your credit rating.  A cash advance from a credit card does not show up as a separate item on your credit report, but it can affect your creditworthiness if your credit usage exceeds 30.% Credit utilization is the amount of debt you currently have …

What is Home Loan Insurance and what are it's pros and cons_- [1]

What is mortgage insurance? A home loan insurance plan is a plan in which the insurer pays the outstanding mortgage amount with the lender or the bank in the event of an unforeseen situation.  Some of the comprehensive mortgage loan insurance policies cover the applicant, the home, and all of its contents.  The premium paid …

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