Discover and read the best of Twitter Threads about #personalfinances

Most recents (4)

NPS vs APY vs PPF : Where should you invest for your retirement?🤔

We've made it simple by using the following 7 parameters:

- Aim
- How does it work?
- Withdrawal
- Eligibility
- Risk appetite
- Income Tax Benefit
- Liquidity

#retirementplanning #personalfinances #finance
1⃣ NPS - National Pension scheme

Aim:
Provide regular income to citizens when they stop working.
#NPS
How does it work?

All you need to do is deposit an amount regularly and get the benefits of compounding on the returns.
Read 22 tweets
All you need to know about Senior Citizens Saving Scheme" (SCSS) 👴⛱️

- Min & Max Deposit
- Interest Rate
- Tax Benefits
- Eligibility Criteria
- Maturity Period
- Withdrawals

A Thread 🧵
◉ SCSS is a government-backed retirement savings plan.

The scheme allows eligible investors to invest a lump sum amount of money and offer a regular income to the investor post retirement as well as decent tax benefits.

#investing #retirement
◉ Any senior citizen (Above age 60) of the country, individually or jointly, can invest a lump sum amount in the scheme.

#personalfinances
Read 14 tweets
5⃣ Smartest things to do with your Bonus?😎

- 30% - Investments
- 20% - Paying off debts
- 10% - Invest in yourself
- 30% - Rainy Day
- 10% - Treat yourself

Let's understand each of these points in detail⤵️
Most people tend to blow up their bonuses on shopping & travelling.

While you are entitled to your share of fun, seriously look at your bonus money to contribute something useful towards your future self & ripe the benefits of capital appreciation.
#investing
30% - Investments💰

Your SIPs must match your incomes. By just investing your bonus money & increasing SIP by just 10% every year will help increase the final corpus size that you'll get eventually.

#personalfinances
Read 8 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!