Many of us are likely to live long enough on this planet to need some kind of assisted living. How much exactly does staying in an old age home cost? Frankly I have not done enough research to do such a post, but here is some rudimentary info. You will need to do more research [...]
There are some basic rules for investors and more importantly for Retirees: 1. What you do not understand, is not worth knowing: If a financial planner tells you ‘Sir, you do not understand this, I will explain it to you’ – please be IMPOLITE and ask him to …….. (unprintable!). NOBODY (repeat NOBODY) is interested [...]
Caveat: Do not take this post seriously. It is utter nonsense. I am just producing this to show you what kind of #$%^(&* goes around – and for somebody who thinks you can retire with US $200…God bless you. This is obviously NOT WHAT I RECOMMEND TO YOU…just to tell you to be careful… http://www.agorafinancial.com/reports/PSF/Blueprint/vp/PSF_RetirementBlueprint3959AR_vpEx1.php?code=MPSFMC00&o=547439&s=551445&u=33693951&l=346674&g=154&r=Milo [...]
When I speak to well informed and educated investors (and advisers) the biggest retirement income worries seem to be the following: Market volatility, Regulatory changes, Medical expenses not covered by their medical insurance, Inability to maintain a complex portfolio beyond a particular age, Inflation and poor financial understanding. All these fears seem to be valid, [...]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, [...]
A lot of qualified planners have given the following advice to a few people who have written in to me..let me summarize a few of them for you: 1. Equity is risky, it has no place in your portfolio. I write so much about equity, I am sure my readers know how stupid this line [...]