Financial Planning
Latest news, explainers and analysis on Financial Planning. Tracking 36 stories on Arth Vani.
Connected in the graph
Latest on Financial Planning
Strategic Choices for Managing a Financial Settlement Effectively
Receiving a financial settlement can be a significant event. While the original source title suggested '5 smart ways' to use such money, specific details were not provided. This report outlines general, prudent financial principles applicable to managing any lump sum, focusing on Indian retail readers.
BreakingEnd-of-Month Cash Crunch? Try This 3-Account Strategy for Better Savings
Many salaried individuals struggle with month-end finances, prompting experts to suggest a simple budgeting hack: splitting your money across three distinct bank accounts. This strategy aims to improve spending habits and build savings.
Personal Use of Retirement Account Assets Can Trigger Heavy Tax Penalties: US Case Offers Lessons
A US individual faced significant tax penalties after personally using land held within his self-directed Individual Retirement Account (IRA). This incident highlights the strict rules against 'prohibited transactions' in tax-advantaged retirement funds, emphasizing that such assets must be solely for retirement savings and not for immediate personal benefit, a crucial lesson for Indian investors.
Finance Coach Aruna Keerthy's 3 Steps to Save While Paying Debt
Personal finance expert Aruna Keerthy shared a three-step strategy to help individuals save money even while actively repaying loans. The method focuses on smart budgeting and mindful spending to build savings alongside debt reduction.
Many Workers Overestimate Overtime Tax Breaks: Understanding The 'Half' Vs. 'Time-and-a-Half'
Many individuals worldwide miscalculate the tax benefits they expect from overtime pay, often overestimating the relief by double. This common error stems from focusing on the 'time-and-a-half' overtime rate rather than only the 'half' portion that typically qualifies for specific tax breaks.
Expert Ellie Mills Highlights Hidden Insurance Gaps for Golf Carts & Boats
Insurance expert Ellie Mills of HelloNation recently highlighted significant coverage gaps for vehicles like golf carts and boats, which are often not adequately protected by standard auto or homeowners insurance policies. The advice, issued on August 20, 2026, emphasizes the critical need for owners to review their existing coverage and consider specialised policies.
BreakingHealth Insurance: Use Public Disclosures to Pick the Right Policy
Choosing the right health insurance goes beyond just premiums. Consumers can leverage publicly available data, such as Claim Settlement Ratios and grievance records, to assess an insurer's reliability and customer service. This proactive approach helps in making an informed decision, ensuring peace of mind during medical emergencies.
Breaking5 Health Insurance Pitfalls to Avoid for Better Coverage
Rising medical costs can drain savings, but many health insurance policies contain hidden traps. Understanding common pitfalls like room rent limits and sub-limits can help you choose a policy offering genuine financial protection.
Proactive Retirement Tax Planning: US Example Shows How to Avoid Withdrawals Tax at 73
An individual in the United States successfully avoided all tax on his retirement withdrawals at age 73 by strategically restructuring his savings during his 60s. This case highlights the critical importance of long-term tax planning to minimise liabilities on retirement income, a principle highly relevant for Indian investors.
BreakingHigh Home Loan EMI: How Financial Experts Advise Managing the Burden
A global report from Yahoo Finance highlights a common struggle: home loan EMIs consuming a significant portion of an individual's income. While the raw source material did not detail the specific advice given by financial expert Dave Ramsey, this report outlines general strategies financial experts recommend for managing such high debt burdens and restoring financial stability.
Beware: ChatGPT Now Offers Personal Finance Advice, But Risks Loom Large
Artificial intelligence tools like ChatGPT are increasingly providing personal finance guidance, raising concerns about the accuracy, personalization, and regulatory compliance of such automated advice. While convenient, experts caution against relying solely on AI for complex financial decisions due to its inherent limitations.
Mark Cuban's Lottery Advice: Don't Take Lump Sum, Politely Decline Money Requests
Billionaire entrepreneur Mark Cuban advises lottery winners against taking a lump sum payout, recommending structured payments (annuity) for better financial management. He also suggests politely declining requests for money from others, emphasizing the importance of setting clear financial boundaries to protect newfound wealth.
Child-Free Couples May Need Larger Retirement Corpus Than Assumed: Mint Money
Child-free couples often operate under the assumption that avoiding child-rearing expenses automatically reduces their overall retirement funding needs. However, this widely held belief is being challenged, suggesting that a more substantial retirement corpus may actually be required, according to a report highlighted by Mint Money.
BreakingDecoding the 4% Rule for Sustainable Retirement Withdrawals in India
The 4% rule is a popular guideline suggesting retirees withdraw 4% of their initial corpus in the first year, adjusting for inflation annually thereafter. While originating from US studies, understanding its principles and adapting it for India's unique financial landscape is crucial for long-term financial security.
Parents Investing for South Korean Babies: A Growing Trend
Parents in South Korea are increasingly opening investment accounts for their newborns, turning infants into 'mini shareholders'. This trend reflects a growing focus on long-term wealth creation starting from birth.
Breaking₹20.75 Lakh Repair Threatens Savings: Smarter Moves for Unexpected Costs
An unforeseen home repair bill of ₹20.75 lakh highlights how a significant emergency fund of ₹22.41 lakh can be quickly depleted. Financial experts suggest exploring various options beyond just draining personal savings to manage such large, unexpected expenses effectively.
Prenuptial Agreements: India Debates Need for Legal Framework Amid Evolving Marriages
India's evolving marriage landscape is prompting discussions around prenuptial agreements, despite current legal hurdles. Experts suggest a new legal framework is needed to balance financial transparency with existing statutory protections for spouses.
BreakingNo Out-of-Pocket Cap: Why Indian Health Insurance Holders Still Face High Medical Bills
Many Indian health insurance policies lack an 'out-of-pocket maximum,' meaning policyholders can face unlimited personal expenses for serious illnesses even after paying premiums. This can lead to substantial financial strain from co-payments, deductibles, and sub-limits, especially for high-cost treatments like cancer.
US Medicare's $0 Dental Coverage Since 1965: A Warning for Indian Health Planning
US Medicare has offered no routine dental coverage since 1965, leaving beneficiaries to pay entirely out-of-pocket for common procedures like a single implant, which can now cost $4,500. This US situation highlights the critical need for Indian families to carefully assess their health insurance for dental exclusions and plan for significant out-of-pocket healthcare expenses.
BreakingTax Planning vs. Preparation: Understanding the Key Differences for Indian Taxpayers
Ahead of the upcoming financial year, US-based financial resource HelloNation has highlighted the critical distinction between tax planning and tax preparation. While tax preparation focuses on documenting past financial activities, tax planning strategically manages finances throughout the year to optimize tax outcomes. Understanding this difference can help Indian individuals and businesses make smarter financial decisions.
BreakingCharlie Munger: Your First $100,000 is the 'Key' to Building Lasting Wealth
Legendary investor Charlie Munger, Warren Buffett's longtime business partner, famously stated that accumulating your first $100,000 (approximately ₹83 Lakhs) is the most critical step towards building significant wealth. He urged individuals to find a way to achieve this initial sum, suggesting it provides the foundation for long-term financial independence.
Financial Advisor Jennifer Prosise Highlights Why Regular Plan Reviews Are Crucial
A recent article featuring Financial Advisor Jennifer Prosise of The Voyager Group, Ltd. emphasizes the critical importance of regularly reviewing one's financial plan. Published on HelloNation, the piece details how consistent evaluation helps individuals keep their financial strategies robust and aligned with evolving goals.
Breaking₹43.16 Lakh IVF Debt Pushes Couple 'Financially Underwater' Despite Baby On Way
A couple, aged 37 and 39, find themselves financially strained with ₹43.16 lakh in In-Vitro Fertilisation (IVF) debt accumulated over three rounds of treatment. Their experience highlights the significant financial burden that medical procedures like IVF can place on individuals and families.
Small Town Hospital Closures Can Upend Retirement Plans: A Cautionary Tale for Indian Retirees
The closure of the only hospital in a US retiree's small town unexpectedly inflated his living costs, highlighting how critical healthcare access is for retirement planning. This global example serves as a crucial reminder for Indian individuals considering moving to smaller towns post-retirement to factor in medical facilities and potential hidden expenses.
Mutual fund data is sourced from AMFI and shown for information only — funds are subject to market risks. Read all scheme-related documents carefully. Some listings may be sponsored. Not investment advice.