Thursday, December 26
Shadow

Finance

Ready, Set, Retire! Preparing and Enjoying Your Retirement Years

Finance
The average age of retirement across the United States ranges from anywhere between 61 and 66. The actual age differs per state, obviously due to several factors. Instead of viewing retirement as the end of things, one can take the more pleasant road and take retirement as the golden opportunity to enjoy the fruits of a life’s worth of toil. The so-coined FIRE movement (Financial Independence, Retire Early) is growing in popularity. Its popularity might speak to most, if not everyone’s, dream to finally enjoy “the easy life.” Of course, though, to truly enjoy a comfortable retirement takes more than just dreams—it requires actual preparation. How Much Savings Do You Need for Your Retirement? On average, a good nest egg for retirement ranges between $700,000 and $1 million in the U...
6 Factors to Consider When Choosing Investment Platforms

6 Factors to Consider When Choosing Investment Platforms

Finance
Investing is a complex process, and choosing the right investment platform can be difficult. The market is saturated with platforms, and choosing one can feel like rolling the dice. It's important to know your options, which means you need to know what factors to consider when choosing investment platforms. In this blog post, we'll explore six of those factors. Read on for more information! 1. What Types of Assets Do They Offer? Investment platforms allow you to invest in a variety of different assets. Some may only offer stocks, while others might also include real estate and bonds. On some platforms, you can invest with things like cryptocurrencies or precious metals. When choosing a platform, ensure they have the types of investments you're interested in. The more options avail...
Home loan EMI will not bother you if you take care of these things

Home loan EMI will not bother you if you take care of these things

Finance
Home loan installments are required to be paid on time by the borrower to avoid getting penalized or getting the credit score reduced. Having proper financial planning is necessary while availing the home loans. Better financial planning leads to proper repayment of loans and thus can help an individual become debt-free on time and get the CIBIL score improved. The amount required for repaying home loans EMI should be kept aside from the monthly salary to pay it on time. Also if required the borrower should reduce miscellaneous expenses in case of the funds are found to be insufficient to repay the installments. The funds gained extra like incentives, the bonus should be invested in financial instruments to gain higher wealth which later can be used for the repayment of the installments. T...
Are Covid-19 Delta Variant, Zika Virus Covered by Health Insurance Plans?

Are Covid-19 Delta Variant, Zika Virus Covered by Health Insurance Plans?

Finance
Health insurance policies cover all the variants of Covid-19. Furthermore, there are disease-specific plans that cover the Zika virus. Read on to know more about how health insurance policies can provide financial protection against expenses that might arise due to Covid-19 and Zika virus. As cases of Zika virus and Covid-19 delta variants are rising, people are concerned if the health insurance plans cover these diseases. Irrespective of the Covid-19 variants, health insurance policies provide cover against healthcare costs that might arise due to this disease. However, in order to avail the benefits, the diagnosis should be done at a government authorised diagnostic centre. In case of the Zika virus, there are various disease-specific health insurance policies that provide cover...
Home Loan Balance Transfer: Know the Process and Its Benefits

Home Loan Balance Transfer: Know the Process and Its Benefits

Finance
Today, the financial institutions in India offer a variety of innovative and customised services to their home loan customers. One such service is the home loan balance transfer. Read on to know more about it. Home loan balance transfer is a facility offered by the lending organisations that allows the borrowers to transfer their home loan from one lender to the other. If you have an outstanding home loan with a specific borrower and you are not happy with the quality of their services or if you feel that they are charging a higher interest as compared to other, you need not be stuck with the same lender throughout the loan tenure. Instead, you can opt for a home loan balance transfer, which is also known as refinancing. This arrangement helps you avoid paying a higher interest as li...