Rising medical costs and retirement

As humans strive to live for longer, the probability of need for medical interventions is also increasing. Since a significant chunk of this enhanced lifespan may be spent in retirement, one needs to be adequately prepared for paying for such interventions! If recent history is anything to go by, medical expenses grow at a much higher rate than inflation.

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Whole life insurance – Does it make sense?

Term life insurance is something that every individual, who has dependents, should consider taking. However, there are many questions that one needs an answer to before buying a term life insurance. One of them is – till what age should the insurance cover be taken? A variation of this problem is – should one take whole life insurance?

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3 reasons why you need a financial plan

Financial planning is one of the first steps towards a healthy financial life. Yet very few of us have a financial plan in place. And even within this set, very few of us actually follow the plan. Here are some reasons why you need a financial plan!

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5 reasons why aiming for FIRE makes sense

While you are aiming for FIRE, it may well happen that you may not achieve it or may achieve just partial financial Independence. But the financial independence mindset may align you towards the possibility of this happening, if situation be. Here are 5 reasons why aiming for FIRE makes sense.

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What are your FIRE assumptions?

Are you looking to achieve FIRE – some time not in too distant future? Then you would probably have number at back of your mind. This calculations will rest upon some assumptions. – which may or may not always be true. What are some common FIRE assumptions?

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5 underestimated financial risks in early retirement

As a F.I.R.E. aspirant, you make certain assumptions about your post-retirement life, but do you plan out for unforeseen circumstances or eventualities that may arise? Are you aware of the possible financial risks in early retirement?

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Prerequisites before aiming for financial independence

Want to become financially independent (or partially financially independent? ). There is no magic wand but to earn decently, save & invest well and keep expenses low. Doing this, you may reach closer (at your own pace, depending upon your pace!). However, before beginning the journey towards financial independence, there are certain prerequisites, that you […]

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Is Rs 1 Crore enough to retire in India?

If you have Rs. 1 Crore in your bank account, is it good enough to retire? Answering this question in affirmative or otherwise will not make or break your F.I.R.E. journey, in case you are pursuing one. However, it is a common question and asking more subsequent questions can help you arrive at a number […]

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How much money is needed to achieve partial financial Independence in India?

Partial financial independence is a good first step towards complete financial independence (and early retirement, if that interests you!). Getting your numbers and assumptions right is a good first step towards it. This number may be different for different people based upon current savings, expenses, planned major expenses/ life goals and planned “life after partial financial independence”.

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Should you invest in Voluntary Provident Fund – VPF?

(Before we begin – PF = Provident Fund, EPF = Employee Provident Fund, VPF – Voluntary Provident Fund, PPF – Public Provident Fund) If you are a salaried employee in India, chances are that you would be contributing a chunk of your income towards your PF – Provident Fund. Currently, any company with 20 or […]

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