PFRDA is targeting to provide NPS subscribers with assured payout options, a diverse choice of investments, a digital push of easier onboarding, health coverage, succession planning, and more
The retirement-focused National Pension System (NPS) will soon offer a health insurance benefit to its subscribers. The PFRDA chairperson, S Ramann, informed that three pension funds, including ICICI, Axis, and Tata, are working on it and would be introducing such bundled plans soon
Lean FIRE is the tight-budget version. Live small, save big, exit early. But longevity risk becomes real here. A low annual expense looks manageable in year five. It feels very different in later years, like thirty-five and so on.
The first eight years in investing feel slow. The next four feel faster. The next three feel like the snowball finally rolling downhill. This is the phase, according to the 8-4-3 rule, where compounding works the best.
Lean FIRE is the tight-budget version. Live small, save big, exit early. But longevity risk becomes real here. A low annual expense looks manageable in year five. It feels very different in later years, like thirty-five and so on.
Pause and think hard about that extra money. It could go into adding to your investments for your goals, or to open a brand new investment account if you are not on that road already
