How can a Doc retire early? Docs start earning quite late in life – at least the big bucks come at a late stage. So is it really possible for a Doc to retire early? It really looks difficult. Docs unless they are super specialized and have created some kind of aura about their capabilities […]
Many people underestimate the hurt that taxation causes to their investment. Let us take an example. If you invested Rs. 100,000 in a RBI bond which pays 8% p.a. before taxes, you will get Rs. 8000 as interest and assume you pay 30% tax you will be left with Rs. 5600 at the end of […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]
How can a Doc retire early? Docs start earning quite late in life – at least the big bucks come at a late stage. So is it really possible for a Doc to retire early? It really looks difficult. Docs unless they are super specialized and have created some kind of aura about their capabilities […]
What is a Systematic Investment Plan (SIP)? An SIP is simply; a method of investing a fixed sum, regularly, in a mutual fund. It is very similar to regular saving schemes like a recurring deposit. An SIP allows you to buy units on a given date each month, so you can implement an investment / […]
If you pay taxes honestly about 50% of what you earn goes off in various taxes – income, service, securities transaction, etc. Now take away another 28% in housing EMI, then another 7% in building maintenance etc. It means your government, and your house have taken away 85% of what you earn. So the 15% […]
On retirement many people think they will be on a lower tax bracket. This is a wrong assumption. Your tax bracket may not change especially if you invest in bonds. So do not keep postponing interest income. You will not be on the lower tax bracket unless you create dividend income, long term capital gains, […]