One of the questions from The 4-Hour Work Week (note: there’s still some time left to participate and win a copy of the book) that really struck out was — What is the pot of gold that justifies spending the best years of your life hoping for happiness in the last? Déjà vu, because, a […]
I asked D to create a sketch as a follow-up to my post on The Fallacy of Traditional Retirement Calculations. She created magic! Sketch © D. And here’s the complete set of responses that I received for the December book giveaway contest. I’ll announce the winner tomorrow. Meanwhile, can you guess the winner?
The more I read about retirement calculations in leading personal finance publications, the greater is my conviction that there is something fundamentally wrong with their methodology. Depending upon the particular case in hand (i.e. family being studied), I’ve seen figures of 4.5 crore, 6 crore, 7.2 crore, … , and recently even 14 crore thrown […]
I first read about this pension plan in the ET dated June 22, 2010. I was intrigued. Basically, Reliance Life Traditional Golden Years Plan is a regular premium retirement plan that provides guaranteed return, which is declared at the beginning of every financial year during the product term. So far so good. But, The minimum […]
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 […]
Pension Plans or Pension Scams? That's what my research on retirement plans offered by life insurance companies in India indicates. # Pension Plan Mathematics of Life Insurance Companies in India. God can't interpret it. I bet. # Save each month. Compound your savings in debt instruments. You'll do FAR FAR FAR better than any Pension […]