Financial Planning

Risk Profiling & Financial Planning Mr. Gurmeet and Mr. Rajesh are both working professionals. Gurmeet is a 28-year-old young individual and Mr. Rajesh is in his early 40’s. Do they have the same risk profile? The answer is NO. Let’s take another example, suppose both are of the same age with one being a salaried employee and other a businessman, again the same question “Do they have the same risk profile?” The answer will still remain the same “NO “. Why? Risk profiling before any investment is an immensely critical part. Many of us fail in assessing the risks involved with individuals and investment. A 28-year-old salaried professional will have different risk profiles compared to a 42-year-old salaried professional. Similarly, 28-year-old a businessman will have different risk profiles compared to a 28-year-old salaried professional. Their life’s financial goals are different, their risk appetite is different. In today’s world, each individual has its ...

Financial planning for Retirement fund In today’s world, everyone is running towards making his or her life more comfortable financially. Be it urban or rural population both save money for their future. In our life, we have all sorts of financial goals like children’s education, vacation planning, children’s marriage or buying a new car. But out of this which we don’t consider is the most important task of life which is retirement funding. At a particular age, individuals will stop earning fresh money but expenses will still be there. Major percentage of individuals starts saving for retirement fund after they cross the age of 45 plus. This is actually very difficult to build a decent corpus for retirement at that age as major of liabilities and goals start maturing at that time and which leads to higher expenses and generally individuals are left with no or small corpus of retirement fund. Retirement is actually a period wherein an individual will definitely wish to tra...