M. Pattabiraman's Blog, page 24
February 1, 2025
Budget 2025: Income Tax Benefits in NPS Vatsalya Scheme
Last Updated on February 1, 2025 at 3:32 pm NPS Vatsalya is a contributory pension scheme regulated and administered by the PFRDA for all minor Indian citizens. Just like PPF, the account will be opened in the name of the minor and operated by Guardian with the minor as the sole beneficiary. Read our earlier...
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Budget 2025: New Tax Regime (new slabs) vs Old Tax Regime Calculator: Check which is better
Last Updated on February 1, 2025 at 2:25 pm Budget 2025 has further reduced the tax burden in the new tax regime. Use this free calculator to compare the old and new tax regimes (calculations for past new tax regime slabs are also available). This comparison table was originally prepared by Vinay Vittal, modified by...
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January 31, 2025
Why these Fixed-Fee Advisors Chose Passion Over Profit
Why did various Fixed-Fee RIAs choose to give up a more lucrative career path to pick a less lucrative career path? SEBI RIA Avinash Luthria asks this question to three Fixed Fee RIAs. About the author: Avinash is a part of freefincal’s curated list of fee-only financial advisors and a Fee-only India member. He was...
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January 30, 2025
Why most people will not be financially independent when they retire
Excuse me for stating the obvious. Most people will not be financially independent when they retire. Here is why. Forget about early retirement; Most people will not become financially independent at normal retirement (55-60). Unlike early retirement, this is a mandatory retirement. Otherwise, our quality of life will significantly decrease, and we will depend on...
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January 29, 2025
How to manage gilt mutual funds as I approach retirement?
A reader says, ” I am a 41-year-old self-employed person. I have been following your blog for 2 years. I wish to retire by age 55. I am following a rebalancing and derisking strategy in my retirement portfolio. My debt portfolio is 10% in constant duration gilt fund, 15% in dynamic gilt fund, rest in...
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January 28, 2025
UPS vs NPS: Which should I choose for retirement?
Now that the gazette notification for the Unified Pension Scheme is out (look for CG-DL-E-25012025-260482 at https://egazette.gov.in/), or download a copy here now may be a good time to revisit the NPS vs UPS decision for government employees, especially given that they must exercise their choice, and it’s a one-time non-modifiable choice! About the author:...
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January 27, 2025
Unified Pension Scheme Formula Explained
The Jan 2025 Gazette Notification has explained the workings of the Unified Pension Scheme. We have updated our free NPS vs UPS calculator, considering these changes. In this article, we provide a simple explanation of the formula used to compute the pension using the same terminology used in the notification. UPS pension = (P/2) x...
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January 26, 2025
Revised UPS vs NPS Calculator after Jan 2025 Gazette Notification
Use this free calculator to determine if you can stay invested in the National Pension Scheme or consider switching to the Unified Pension Scheme. This is an updated version of the calculator first published in Aug 2024, incorporating the Jan 2025 Gazette Notification. We have tried to incorporate all the UPS essential features into the...
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January 25, 2025
Top RIA Melvin Joseph teaches how to become a SEBI Registered Investment Advisor
Many Freefincal readers have shown interest in becoming a SEBI Registered Investment Advisor to offer unbiased advice to clients and earn a decent income from this. Investment Advisory can be a second career for many DIY investors passionate about helping others manage their finances. As per old SEBI regulations, a postgraduate qualification in finance and...
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January 24, 2025
FAQ: Freefincal Robo Advisor Tool
Last Updated on January 25, 2025 at 10:02 am This is a compilation of frequently asked questions about the freefincal robo advisor tool. It allows you to plan from start to finish for retirement (early, normal, before and after), non-recurring financial goals (child education) and recurring financial goals (holidays, appliances, etc.). The tool would help...
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