- The ideal insurance coverage should be around 15-20 times of your yearly income. However, if don’t have any financial dependents, then you no need to go for a SINGLE RUPEE OF LIFE INSURANCE.
- Investing for the sake of TAX SAVING is the biggest mistake. Invest based on your financial goals.
- PPF is best debt product. However, if the goal tenure matching with PPF maturity, then you can consider.
- NPS is one of the illiquid and horrible taxing product at retirement. Stay away from such products.
Note-The fullfledged planning can’t be done with mere few lines of sharing.