Not only in India it happens in US as well.. Check out the video to know about your friendly advisor

When to start saving for retierment

Lot of people have a mindset that planning for retirement has to be done just before retirement, does it make sense? how about planning for retirement from day one you start earning money.. sounds funny right, its true in our country people has started earning in a younger age, thanks to India Inc. But how many  save for tomorrow.Start early and get the advantage of power of compounding. The below table gives you a clear understanding. Initial investment is Rs 100 @ 20% returns it has grown to 9540!! tats the power of compounding. So for a happy retirement start saving today  so that you can built the required corpus for retirement.

At end of Year	5%	10%	15%	20%
1	Rs105	Rs110	Rs115	Rs120
5	Rs128	Rs161	Rs201	Rs249
10	Rs163	Rs259	Rs405	Rs619
15	Rs208	Rs418	Rs814	Rs1541
25	Rs339	Rs1,083	Rs3,292	Rs9,540

ULIP Demistified... the hidden charges..

You got a call from an agent assuring you 0% allocation charges and 200% guaranteed returns think twice.. you may be in a hurry to file your tax returns. In real sense paying tax might workout cheaper than investing in a wrong product.Who have to make a change its you the investors be ready with your questions, dont fall for jargons which you may not understand. BE WILLING TO PAY A FEE FOR ADVICE. Lot of groundwork is happening to avoid miss selling with swaroop committee recommendation in place if amended that will open doors for quality advice. The video gives a better understanding on the issue. Do post your comments.