RetirementPlanning Archives - Universal Group Of Institutions
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18Nov 2024

General Provident Fund: Key Retirement Savings for Government Employees

Why in the news? The General Provident Fund (GPF) highlights its benefits, flexibility, and role in ensuring financial security for government employees, as its features are being revisited for enhanced awareness. About General Provident Fund (GPF): The General Provident Fund (GPF) is a retirement savings scheme launched in 1960 exclusively for government employees in India. …

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27Sep 2024

An opportunity to rethink India’s pension system

Relevance: GS – 2 – Important aspects of Governance, Transparency and accountability Why in the news? The global revolution in welfare underscores the importance of strong social support systems. India’s proposed Unified pension scheme should ensure adequate financial support for retirees. A robust welfare system is needed to safeguard the welfare of retirees under the …

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26Sep 2024

How swps can help retires beat inflation, manage risks

Syllabus: GS 3: Indian Economy and Issues Investments and effects on Growth. Focus: The Systematic Withdrawal Plan (SWP) is gaining attention as a flexible investment tool for retirees to manage inflation, generate regular income, and minimize risks, offering a tax-efficient alternative to traditional fixed deposits. Overview of Systematic Withdrawal Plans (SWP) Definition: A Systematic Withdrawal …

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