Latest Updates Around The World
Image source: shutterstock.com It’s easy to assume that parents and couples without children spend money in completely different ways, but when you dig deeper, the gap isn’t as wide as it seems. Parents often budget for recurring expenses that childless couples overlook, even though many of those same expenses come in different forms. From subscriptions […]
Prospects of 10-year G-Sec yields falling further to 6.30-6.35 percent exist if both rate deals and repo rate cuts materialize | Photo credit: Yields on government bonds (G-Secs) could ease in the coming weeks in the wake of record low retail inflation, opening the possibility of a cut in repo rates and the likelihood of […]
The Goods and Services Tax (GST) exemption on individual health insurance premiums led to a 20 percent increase in health insurance sales in October, the first full month in the new tax regime. Addressing a long-pending demand, the Center has waived 18 per cent VAT on individual health and life insurance policies, which came into […]
The impact of GST exemption on insurance policies on Axis Max Life Insurance’s Embedded Value is approximately ₹268 crore, says MD & CEO Sumit Madan. In an interaction with business lineMadan said the insurer has decided to recoup the impact of GST through initiatives such as distributor negotiations, cost optimization and product mix improvements. Axis […]
Looking for a unique way to make Christmas unforgettable this year? Instead of giving more things, consider giving experiences. Experience gifts, such as cooking classes, concert tickets or weekend getaways, and provide lasting memories that physical gifts can’t match. Whether for family, friends or even yourself, experiential gifts offer something meaningful and special. Still need […]
If you’re over 50 and just starting to think about investing, don’t panic: it’s not too late. Many people worry that they’ve missed the opportunity to build a solid retirement fund, but the truth is that it’s not really too late to start investing at age 50. You still have time to grow your savings, […]
Image source: Shutterstock Many retirees want to pass on property to loved ones, whether it’s a family home, a vacation cabin or an investment property. It is a gesture of love and legacy, intended to support children or simplify estate planning. But without careful planning, that transfer can come with a hefty tax bill. Capital […]
Image source: Shutterstock A Power of Attorney (POA) is often thought of as a safeguard: a legal instrument that ensures that someone you trust can act on your behalf if you are unable to do so. It is a cornerstone of estate planning, especially for older adults who want to prepare for medical emergencies or […]
What is the median income? your state, and how does it compare to the rest of the country? Flowing data interactive graph is a great visual representation of what the median income* is in each state. It goes one step further and examines how the median income changes depending on household size (1-5 people). *The […]
You might want to get the IOUs ready for the people who raised you… Answer: $310,605 To ask: Do you think the financial investment in raising a child is justified by the emotional and social benefits of having children? Why or why not? How does the cost of raising a child impact a family’s financial […]
