All insurance plans will become taxable – this is terrible news for life insurance policy holders. How capital gains will be calculated will be a major issue. The cap gains calculation will have to be done by the life insurance company – after all they know all the transactions. So software guys enjoy..all life insurance […]

Read More →

There have been some emails and questions that people ask. Since many people ask me similar or same questions, I thought a post would be appropriate: 1. Why do you not do a review of the personal finance programs that appear on television? Answer: Am incompetent to do so. I have no clue what is […]

Read More →

On 3rd May, 2010 IRDA came out with an amended ULIP regulation…or whatever it is  called. There is nothing special except that the reports in the media suggest that it is something new. Well the things are: No partial withdrawal from a pension plan – this will make the pension plan even more tax inefficient. […]

Read More →

There are many questions being asked about the sebi vs. irda battle. If the fees paid to sebi / irda depends on the assets size, then it is obvious that both of them want a part of the wealth management pie. To most observers it was clear even in 2003-4 that by 2010-11 the assets […]

Read More →

I have said this many times in the past – the best way to create wealth is to spend time lavishly in searching for a good ‘adviser’. Clearly he should be compensated as a %age of your NET WORTH so that you are both playing the same game. Increase in your networth. Instead of this […]

Read More →

A few people I know keep comparing themselves with fund managers – and can arrive at fantastic conclusions. Here is a case in point. One female – nothing to do with equity markets in her professional life – was a sitting duck for many people selling financial products. To the credit of the salesmen she […]

Read More →

Retirement is like old age. And it creeps on you – one day at a time! Here, we bust some common myths relating to retirement. Myth 1               I will never retire. Yes, you will. Everybody has to. You may want to work till you drop dead, but what if you really cannot get a job […]

Read More →