Tweets on 2010-05-26

by Vinaya HS on May 26, 2010

in Finance

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Mithun asks,

I read your research on pension plans. But what exactly do you mean by “Save each month. Compound your savings in debt instruments…???”

Simple. Rather than paying an obscene premium for 30 years and making the life insurance company obscenely profitable while you receive a paltry pension, you can build a very decent corpus for yourself (and retire off the interest generated) by opening a Public Provident Fund account and saving the maximum possible each year (currently Rs 70,000) for 30 years.

What do you think?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

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