One of my clients initiated their PPF account with a public sector bank approximately 14 years ago. Recently, when they approached the bank for guidance on the next steps, they were informed that the only option was to withdraw the amount and initiate a new PPF account with the same bank.

Just like how a client chooses or wishes to choose an ideal financial advisor, we also have a list of characteristics we seek in an ideal client especially for financial planning ! As a financial advisor, we need to provide you with a tailored expertise and value for your investments . Trust and collaboration are essential for achieving both personal and professional success. As an investment advisor, we need to provide relevant suggestions to you in a timely manner. Together, we shall form a partnership aimed at achieving success

It has been a roller-coaster ride for sure. I had kept several goals for myself and have been able to achieve handful of them. I am glad that many of you have found my blogs useful and educational . The aim was to help individuals understand the complex maze of financial planning and therefore pick the right kind of mutual funds . I have been able to help investors choose the right mutual funds and they have a broad grin when they look at the returns.

I have been recently reading this book called Power of Habit which gives great insights on human psyche. Habits have a profound say in our day-to-day lives :

Growing Annuity @ Retirement

Mahesh is 45 years old and his current expenses are Rs 75,000/- per month . He plans to retire by 60 and would like to have an annuity which would pay him enough for his current expenses. He would like this annuity to increase by 5% every year considering inflation in mind. How much should he start investing now so that it takes of my retirement till 85?