Freefincal Q & A: Investing a lump sum; Annuities; Asset allocation

Each week, I try and answer generic questions on personal finance. You can use the form below to ask your question. Here is this week’s edition.

Siva: Hi Sir, I have started a LIC policy (Jeevan Anand for 20 year period) as a last minute tax saving option 6 years back. I am paying 27000 P.A as premium. I have used this for 80c exemption for the last 6 years. I have few questions on closing this policy 1) Do I need to pay tax for last 6 years. 2) Do I need to pay tax for the amount I get back from LIC this year 3) I know they wont give back 27K*6 as closure amount, What is the normal range I can expect read more

Freefincal Q & A: Index Investing; Rebalancing; Retirement Buckets

Each week I answer generic questions on personal finance. Here is this weeks edition. You can use the form below to ask your question.

Naimesh: Hi, There is a confusion about maximum limit of 6 L in this post: How much can we invest in multiple PPF accounts I have exactly a similar situation. As per your example, husband can invest 1.5L in his wife’s account and 1.5L in his son’s account and same for wife. How is it possible? Will they accept money without asking questions? Whose PAN used if i deposit my money into my wife’s PPF account? read more

Freefincal Q & A part 2: Mutual fund dividends; Arbitrage funds; Credit cards

Here is part 2 of this week’s Q & A. Each week I try to answer generic questions about money management from readers. You can use the form below to ask your question. Please do not enter comments or observations in the form. They are for questions only.

Announcement: First I have some news. I am working on a free, open-source robo-advisory template. It is currently being beta-tested by a few members of Facebook group Asan Ideas for Wealth. Hopefully will be ready to release this month end. A robo template is a calculator where the technical inputs are pre-filled for the use according to requirement and a financial plan is automatically output. read more

Freefincal Q & A part 1: Pessimism; purpose of star ratings; Quantum Dynamic Bond;

Each week I try to answer generic questions on money management from readers. Here is this week’s edition. You can use the form below to ask your question. Please do not enter comments or observations in the form. They are for questions only. I have split the Q/A into two part because of the number of questions received. This is part 1.

Announcement: First I have some news. I am working on a free, open-source robo-advisory template. It is currently being beta-tested by a few members of Facebook group Asan Ideas for Wealth. Hopefully will be ready to release this month end. A robo template is a calculator where the technical inputs are pre-filled for the use according to requirement and a financial plan is automatically output. read more

Freefincal Q & A: Can I retire by 40; High interest SB accounts; Single portfolio for all goals?

Each week I try and answer generic questions from readers. Here is this weeks edition. You can use the form below to ask your question. Have a great week ahead.

First some news: Venkatesh Jambuligam has been translating some of my posts in Tamil. This week he has tackled upside/downside capture ratios. Please support his work.

Understanding Upside/Downside Capture Ratios: Tamil version and this is the English version. read more