Retirement Scheme

TL;DRThe question is whether NPS is an efficient financial tool to execute oné retirement plan. It is often perceived as a cost-effective, straightforward, and tax-efficient tool for executing a retirement plan. It encourages saving by restricting withdrawals.However, the article cautions that relying too heavily on NPS can be risky for overall retirement security. The biggest […]

TL;DRStarting your retirement savings as soon as you begin earning money is a crucial step towards securing your financial future. Retirement planning is a unique financial goal because it’s non-linear and conditional on how long you live. This means the value of the goal and the inflation rates you must consider are complex and multifaceted.

TL;DRRetirement planning is the process of managing your current finances to cover expenses after you stop working. Unlike other financial goals, it requires considering non-linear factors, such as inflation (accounting for both best- and worst-case scenarios and category-specific rates), longevity (planning for a longer life expectancy), and taxation (how taxes on withdrawals will fluctuate over