NPS is Misunderstood The National Pension System (NPS) is often misunderstood. Unlike other investment vehicles, NPS is specifically designed for retirement planning . Every feature of this product is geared toward long-term investing , making it fundamentally different from conventional investment options. Financial security is a basic human need. For those earning a salaried income, receiving a monthly paycheck provides a sense of stability. Naturally, we want to maintain the same sense of security even after retirement. One of the best ways to generate a steady post-retirement income is through an annuity . An annuity works by investing a lump sum amount, which then provides a fixed income at predefined intervals — in this case, monthly payments. Importance of Annuities Scientific research has proven that humans are not biologically wired to make complex decisions repeatedly. Our brains tend to rely on shortcuts, which can often lead to poor decision-making . Emotions like f...
🎯 Introduction Hey, it's Tuhin here! 👋 I'm a FrontendExpert ™ with 9+ years of experience, specializing in modern web frameworks like Angular and Vue.js . I thrive on experimenting with technology and staying ahead of the curve. Learning new things has always been my passion. I also consider myself financially literate. Many of my friends and colleagues trust my knowledge and come to me for advice. In this article, I’ll share how my own financial journey began. 🚀 How It Began 2018 was a turning point in my life. In September of that year, I took my first step into investing by starting a SIP in the Tata Digital India Fund . Little did I know that this small decision would ignite a journey that would reshape my financial mindset. Coming from a typical Indian middle-class family, I grew up hearing my father say: 🔹"Things were better in my time!" 🔹"Private companies are looting us!" 🔹"The government has failed the common man!" Every time Sachi...