Should I Make More Money or Spend Less?

If you had to choose between making more money and spending less, what would you choose? "Wait a minute, why should I choose?", you ask? Good question! Let us find out if you have to make that choice (or do both) ! Now, I hate thumb rules because most of the popular ones are flawed … Continue reading Should I Make More Money or Spend Less?

Higher EPS Pension: Can EPFO pay Higher Pensions or will it go bust?

Almost every EPF member who was part of the EPFO before Sep 1st 2014 has one or all these questions on their minds: Will I get higher EPS pension? Am I eligible for it if I am already retired? How much will my EPS pension increase? I can answer, the "am I eligible" question accurately (see … Continue reading Higher EPS Pension: Can EPFO pay Higher Pensions or will it go bust?

Revised EPS Pension Calculator: How much will my EPS Pension increase?

Find out how much your EPS pension will increase with this Excel calculator if you contribute 8.33% of your full salary (basic +DA) instead of Rs. 1250 per month which is 8.33% of Rs. 15,000 the current salary ceiling mandated by the EPFO. Last week, a 1200%  hike in pension for Mr. Praveen Kohli following an October … Continue reading Revised EPS Pension Calculator: How much will my EPS Pension increase?

Do not increase EPS Contributions for higher Pension! It may mess up your retirement!

The employee pension scheme (EPS) is a component of the employee provident fund that provides a pension to its subscribers. Yesterday, news about how Mr. Praveen Kohli got a 1200% hike in pension created a stir. This was because, in October 2016, the Supreme Court directed the EPFO to increase the pension of 12 petitioners as … Continue reading Do not increase EPS Contributions for higher Pension! It may mess up your retirement!

Can I Retire With Rs. One Crore Today?

Suppose we have Rs. one Crore with us today, can we retire with it? In this sneak preview of the freefincal Robo advisory template* let us punch some numbers in it and check what good is Rs. 1 Crore. The template is free and open-source and will be released soon. It is currently being beta-tested … Continue reading Can I Retire With Rs. One Crore Today?