Outlook Money Retirement
Simpli5 partners with Outlook Money Retirement to enhance senior financial literacy. Enjoy exclusive resources, expert advice, and simplified tools to manage your retirement finances. Empowering seniors for financial independence and peace of mind.
Global Pension Index 2024: India Ranks Last Among 48 Countries Surveyed
India took the last position out of 48 countries surveyed to measure people’s pension status after retirement in the Mercer CFA Institute Global Pension Index (MCGPI) 2024. Its 16th annual report co...
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EPFO Adds 1.85 Mn Net Members In August, Down 7% From Previous Month
The Employees’ Provident Fund Organisation (EPFO) added 1.85 million net members in August 2024, up around 9 per cent compared to the same month a year ago. The August figure was down around 7 per c...
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Low Income But Want A Big Retirement Corpus? 3 Tips To Help You
How you dream of your retirement may motivate you to put adequate effort into increasing your income to build a sufficient corpus for your old age. However, instead of waiting for your income to grow,...
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GST On Senior Health Insurance Premiums Likely To Be Exempt: Official
Term life insurance policies and senior citizens' health insurance premium are likely to be exempted from GST as most members of a state ministerial panel favoured cutting taxes to benefit the common ...
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Competing Priorities, False Notions Hinder Early Retirement Planning, Says Prashant Tripathy
More Indians are today aware of the importance of retirement planning, especially in the urban centres; however, competing priorities and certain false notions act as barriers for them to an early sta...
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Employee Deposit-Linked Insurance (EDLI) Scheme: Know What Changed
The Employees Deposit-Linked Insurance (EDLI) scheme is governed by the Employees’ Provident Fund Organisation (EPFO). EPFO members who have EPF deductions from salary automatically become eligible ...
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Check Revised FD Rates Of BoB, IDFC & 2 More Banks; 8.25% For Seniors
Bank of Baroda (BoB), IDFC First Bank, Tamilnad Mercantile Bank, and Federal Bank revised their fixed deposit interest rates during the week ending October 19, 2024.Bank of Baroda (BOB)The bank revise...
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How To Avoid Going Off Balance Between Festive Spending And Investing Routine
Festivals in India occur throughout the year; however, more festivals and celebrations, with several important ones, such as Dussehra, Diwali, Christmas, and New Year’s Eve, fall in the second half....
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Where To Live? The Senior Living Conundrum
By Bhuvanaa ShreeramGeeta kept the phone down and sighed. She turned towards Ravi, who simply shook his head and went back to his reading. It was their son Arun and daughter-in-law Shruti, once more u...
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Govt To Roll Out Social Security Policy For Gig Workers Before Budget
The centre is considering a social security policy for gig workers by next year’s union budget to provide them pension, healthcare and other welfare benefits. Union Labour Minister Mansukh Mandaviya...
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Top 5 Technology Trends In The Finance Sector
The finance industry is undergoing significant changes due to the adoption of technologies like artificial intelligence, machine learning, blockchain, etc., that are helping in risk assessment, fraud ...
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How A Purpose In Life Can Never Let You Retire
Retirement is usually linked with no stress, independence, and more relaxing time. However, it also brings monotony to life. After years of working, when retirement brings a sudden stop to it, many pe...
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IPO Market Flooded With New Issues; Should Seniors Invest In Them?
In the last few years, a significantly large number of IPOs hit the market. Many offered an attractive return to their investors, and gradually, many senior investors also started trying their luck in...
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NPS Life Cycle Fund: An Investment Avenue For Every Age
At a time when financial security in retirement is increasingly becoming a concern, NPS's innovative Life Cycle Funds are designed to accommodate subscribers from all age groups with a structured inve...
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Wrong Office Cannot Be Ground To Return Pensioners’ Grievances: Govt
The central government has issued guidelines to all relevant departments on dealing with pensioners’ grievances, instructing them to redress complaints within 21 days regardless of whether a particu...
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World Food Day: 8 Super Foods For Seniors To Keep Them Healthy, Sharp
October 16 is celebrated as World Food Day every year to highlight the importance of nutritious food. While a healthy diet is vital for all ages, senior citizens must pay special attention to their fo...
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Most Indians Believe Below 35 Is Right Age For Retirement Planning: IRIS 4.0 Survey
Urban Indians moved up two points on the retirement preparedness scale, from 47 points in 2023 to 49 points in 2024, according to the India Retirement Index Study (IRIS) 4.0, conducted by Max Life Ins...
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Jeevan Pramaan Certificate: How To Submit It Via Different Modes
Central and state government pensioners must submit their life certificates or Jeevan Pramaan annually to show they are alive and continue receiving pensions. They can submit the certificate digitally...
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7 Proverbs That Teach You About Money Management
Money management skills are vital as you start earning. It's about budgeting, tracking expenses, and, most importantly, it's about discipline. With careful planning and disciplined habits, you can ach...
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Should You Buy Gold During The Festive Season? Check Pros And Cons
Indians celebrate Dussehra, Dhanteras, and Diwali festivals with great fervour. At this time, buying gold is considered auspicious as it is believed to bring wealth and prosperity to people’s lives....
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Last Will Vs Living Will: What Are Their Purposes In Legacy Planning?
Legacy planning is not the same as estate planning. It is not only about distributing assets but also about passing on the values and beliefs to the next generation after you are gone. Like the legacy...
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Diwali Bonus: Central Govt Employees May Get Another DA Hike; Know Details
The central government is expected to increase the dearness allowance (DA) for its employees by at least 3 per cent before Diwali. According to media reports, the Union Cabinet is expected to make the...
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Financial Planning Is Key To Stability And Peace Of Mind: 6 Things To Consider
No one can escape the uncertainties of life, but proper financial planning can help mitigate them considerably. The uncertainties could be related to finances, health, job loss, natural disasters, etc...
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4 Easy Day Hikes In Himachal For Elderly Travellers
Retirement is often regarded as the first definitive sign of ageing as it heralds the start of a new phase in one’s life. You hang up your work boots for good and get ready for a sedentary lifestyle...
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Why SIP And SWP Are Both Vital For Your Investing Journey
Both accumulation and distribution phases are vital for your investing journey. The accumulation phase focuses on building wealth via instruments like the Systematic Investment Plans (SIPs), while the...
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Banks Propose RBI To Raise Deposit Cover For Senior Citizens
Banks in India have reached out to the Reserve Bank of India (RBI) to recommend an increase in the deposit insurance coverage for older depositors. This approach stems from a collective decision taken...
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NPS Contributions During Suspension Or Deputation: DoPPW Issues Guidelines
The Department of Pension and Pensioners’ Welfare (DoPPW) issued guidelines for central government employees regarding contribution to the National Pension System (NPS) during suspension, probation,...
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Ayushman Bharat Scheme Vs Private Insurance: Know Their Key Differences
The PM Ayushman Bharat Jan Arogya Yojana scheme was launched on September 11, 2024, to provide annual health insurance coverage of up to Rs 5 lakh to senior citizens. However, the government has recen...
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World Mental Health Day: Meditate For A Healthy Mind, Says Expert
Mental health problems are common across age demographics, from teenagers and young adults to middle-aged and senior citizens. Dealing with mental health issues such as depression, anxiety, etc., requ...
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Use NPS To Build Retirement Corpus, Says Saurabh Chaturvedi
At the recent Outlook Money 40After40 Retirement Expo in New Delhi, experts spoke at length on the need for retirement planning in the light of India’s increasingly ageing population, and the variou...
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RBI MPC Meeting Expectations: Will It Cut The Repo Rate This Time?
The Reserve Bank of India (RBI) will conclude its bi-monthly monetary policy committee (MPC) meeting tomorrow, October 9, 2024. While there have been expectations of a rate cut, the latest conditions ...
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RNL Nishchit Pension: How Would The Annuity Options Workout For You?
Retirement planning can get quite complex for individuals looking to balance between financial security and flexible plan options to secure their golden years. Many people purchase an annuity or pensi...
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Why Is Volatility A Good Thing For Your Investment?
Volatility can be a good thing sometimes. It can be a gauge for the market performance or returns on your investments throughout the investing journey, according to Ananth Narayan, an all-time member ...
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I-T Dept Unveils E-Filing Portal: Here’s How You Can Give Your Feedback
The Income Tax Department has sought public feedback regarding its I-T e-filing portal launched on October 6, 2024. In an X post, it said: “CBDT has formed a committee to oversee this review and inv...
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From Compounding Growth To Pension Security, Here’s How NPS Can Help
The National Pension System (NPS) can cater to various financial needs and segments of the society, whether a corporate or government employee and self-employed, to a resident or a non-resident Indian...
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If You’re Born Poor It’s Not Your Problem, If You Die Poor Then It Is, Says Gaur Gopal Das
Gaur Gopal Das stood among the crowd, his signature smile softening the room, his words laced with humour to disguise the weight of what he was about to say. “If you are born poor, it’s not your p...
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Govt Plans More Wellness Centres To Provide Healthcare To CGHS Cardholders
The Ministry of Health and Family Welfare (MoHFW) plans to expand its network of wellness centres to provide accessible healthcare to 46 lakh central government health scheme (CGHS) cardholders, inclu...
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Time Is Important, Not Timing For Investments: Swarup Mohanty, Mirae AMC
The market has risen 118 per cent in the last five years, especially since the Covid-19 pandemic. As an investor, you may have experienced missing an opportunity to invest when the market was down or ...
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Religious Conversion Can Take Away Legal Right To Inherit Assets: Here’s Why
Inheritance rules say one can inherit property and other assets from one’s parents. However, things can get more complex if the heir has converted to another religion. Religious conversions in ...
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Outlook Money 40After40 Retirement Expo: Connection Matters In Old Age
The rapid digitalisation in the past few years has brought about a drastic change in the way we undertake our rudimentary tasks, be it about making a bank deposit or booking a taxi. But while that has...
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