Nikhil Kale,
a Certified Financial Planner based out of Pune has developed
useful mobile applications related to financial planning and retirement planning which are available for free download on Google Play Store. You may just use them.
Realize Dreams through Financial Planning
Friday 2 August 2013
Tuesday 30 July 2013
Financial and Retirement Planners Fee
There are number of ways by which Financial and Retirement planners may charge you, such as, commissions, flat fee, hourly rate, percentage of income level or wealth level etc. I read an interesting article on the types of fee structure for financial planing , which I am sharing here.
Friday 26 July 2013
5D view of Loan Portfolios
You may analyze your existing loan portfolio while doing your financial and retirement planningand mend short comings. Interesting article that I read from Financial Planners Guild.
Sunday 16 June 2013
10 reasons for filing your Tax Returns on time
Tax as a part of retirement and financial planning is an important aspect of life, as the saying goes that only thing that is certain in one's life is death and taxes.
- As we may be occupied and overwhelmed by other priorities, tax planning activity is in the back seat and we wait till last minute.
- In this rush of hours, we lose sight of effective tax planning.
- Approaching Expert advisor or chartered account in the last minute, limits the scope of effective tax planning and creates unnecessary tension.
- To be successful in getting timely tax refunds, it is necessary to present all the
data on various incomes, expenditures and investments and file your Income-Tax (I-T) returns on time.
- Filing I-T returns is both legal and moral responsibility and offers dignity of consciously contributing to the development of the nation.
- I-T returns substantiate your credit worthiness in order to access many financial benefits such as bank credits etc.from financial institutions.
Thursday 6 June 2013
Choosing the Best Financial Advisor and Planner
Financial and retirement planning sites have one article on "how to chose a financial advisor?" or "what are the qualities that your planner should have?". Here I deal with the question in reverse "whom should you avoid as an advisor?".
A financial consultant, planner or adviser should be your friend, philosopher and guide. Choosing a planner or finance advisor is no different from selecting a friend, but you should avoid the people with the certain qualities as a friend or an adviser.
I have come across a motivational book titled "the day the eagle took off" by David Goh in which he lists the avoidable friends with the following characteristics.
A financial consultant, planner or adviser should be your friend, philosopher and guide. Choosing a planner or finance advisor is no different from selecting a friend, but you should avoid the people with the certain qualities as a friend or an adviser.
I have come across a motivational book titled "the day the eagle took off" by David Goh in which he lists the avoidable friends with the following characteristics.
- Negative:
- Pessimism will be contagious and it will throw wet blanket on good goals or projects.
- Picky:
- Ready to pick up qurrel and create a storm in tea cup.
- Gossip:
- They talk on others from the back and no consideration.
- Unfair:
- Paranoid and they present every thing from weather to recent enactment as unfair.
- Hostile and Vengeful:
- They believe in getting even at every stage
- Jealous:
- Always jealous on other persons' progress.
- Proud:
- They get along whith false pride and may get hurt easily
- Egoistic:
- They are self oriented and and every action lead only to boost their ego
- Disrespectful of authority (law):
- It is like waging a losing war always.
- Inconsiderate:
- They may trample upon those who come in their way.
Monday 3 June 2013
SIP Calculators
Financial and retirement planning involves listing of life goals as financial targets and fixing a plan for achieving the same through easy and attainable steps. Just as escalators take you high, systematic investment plan or SIP through mutual fund investments are ladders for target achievement.
Simple calculators may also help you estimate savings needed every month to achieve any target. Calculators online and offline for common life goals such child's education, child's marriage and retirement etc are provided in the Financial and Retirement Planning Calculators Blog.
Simple calculators may also help you estimate savings needed every month to achieve any target. Calculators online and offline for common life goals such child's education, child's marriage and retirement etc are provided in the Financial and Retirement Planning Calculators Blog.
Thursday 23 May 2013
Financial Planning: Investment and Insurance Calculators
Financial and retirement planning involves lot of estimates and calculations in regard to mutual funds investments to be made. In these blog columns at various places calculators have been added for use. As it is felt that there should segregation of tools, a separate blog for investment and mutual funds calculators has been started at http://reliableplanner.wordpress.com.
Financial calculators which may be used for retirement planning already discussed in various posts are enlisted here:
Financial calculators which may be used for retirement planning already discussed in various posts are enlisted here:
- Cost of living expenses in future due to inflation calculator..
- Sab banenge Crorepati -- Billion Amount Target. - Calculator .
- This calculator may help to estimate your own Insurance needs for your family
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