Build Your Dream House SIP by SIP
- Sow the seeds for your child’s future now to enjoy fruits lifelong
- Plan wisely for your chil’s education & marriage to enjoy your retirement
- Having the right insurance cover gives you peace of mind as it provides financial support in case of contingencies.
Need for Financial Planning :
1. IDENTIFY YOUR GOALS.
2. UNDERSTAND YOUR CURRENT SITUATION.
3. DEVELOP A PLAN THAT ADDRESSES YOUR GOALS WITH YOUR RISK TOLERANCE IN MIND.
4. IMPLEMENT AND MONITOR THE FINANCIAL PLAN
Tax Planning:
• By careful planning, one can reduce tax liability substantially.
• Declaring at the start of the FY is most important
• Don’t wait until the last minute. Start in April and use monthly investments to reduce risk. It will be easier on your pocket as well.
• Try and achieve tax planning and also planning for your needs simultaneously
• Use tax-efficient investment avenues. You should not be paying too much tax on their returns
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