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In today's world, one cannot ignore the occurrence and the subsequent impact of financial risks on our lives. These risks can be due to a variety of factors such as economic fluctuations, job loss, unexpected medical emergencies, or natural calamities. Personal financial risks can put a dent in one’s financial stability and affect the overall quality of life. Therefore, it is essential to understand what these risks are and how one can manage them to ensure a secure financial future.
A Public Provident Fund (PPF) account is a popular investment option for individuals looking to save for long term financial goals, like building a retirement corpus, or financing children higher education. The scheme is backed by the Government of India, and it provides guaranteed returns and tax benefits. The interest rates are declared every quarter by the government.
Growing old is the ultimate truth of life; no one can hide from it or postpone it. With old age, your earning capacity declines, and the need for money increases. In this scenario, retirement planning is essential for everyone to ensure a financially secure future.
Real estate is a popular investment option as it provides both capital appreciation and regular income through rent or lease payments. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are two instruments that allow investors to invest in real estate without actually owning physical properties.