FINANCIAL PLANNING

Having a clear idea of where you are and where you want to go Financially is an important step

What is Financial Planning?

Simply put, Financial Planning is all about managing your expenses within your earnings and saving a little bit for the rainy day.

However, in reality, financial planning is a roadmap in the journey of an investor towards financial freedom.

It is a process that helps an investor set and achieve their short term and long term goals.

It starts with asking ourself a few questions. Questions that would give us surprising answers, questions that help us understand our needs and requirements better, Questions that actually make us thiink deeper.

Do you have adequate cash resources to cover up the expenses for next 2 months or meet an emergency. Are you adequately insured?

Do you know what are your life goals?

Are these goals clearly defined in monetary terms for you to achieve them?

Financial Planning is a one stop solution to all these questions. It is a bridge that links our financial decisions to goals and aspirations.

It is a holistic and realistic approach which considers Assets and Liabilities, Income and expenditure, Existing needs and then drafts a blueprint for an individual to begin with.

These dynamic and customized plans provide us the flexibility to adapt to challenges that life offers .

It helps us set S.M.A.R.T (specific, measurable, attainable, relevant, time bound) Goals and be in control of our financial health.

The journey of 1000 miles begins with a single step. Its time you take the 1st step today.

WEALTH CREATION

Money is not the goal, Money has no value. The value comes from the dreams money helps achieve

While all of us have dreams and aspirations, one seldom achieves them.

Lack of clarity and documenting ones goal remains as the main reason why most falter. While it is easy for us to save by imitating saving strategies of others, creating and accumulating wealth remains an art by itself.

An art which grows better and bigger, given one has virtues of patience and conviction. Wealth creation isn't just any other fancy jargon. Its a journey which kicks off with goal setting and ends with meeting them within the specified time frame.

While wealth creation seems like a cake walk, it remains the most neglected area in financial planning. Ignorance and lack of adequate financial knowledge often get us into the space of mediocrity.

THiiNK draws inspiration from the several masters of wealth creators across the globe. Equipped with our own research and findings, we attempt to make this crucial exercise a fruitful and enjoyable experience in your journey of wealth creation.

RETIREMENT PLANNING.

Life is all about living with dignity and freedom.

With a growing population, India would have more than 320 million retired individuals by 2050. Lack of retirement planning would mean disaster for these individuals and their families.

Realistic solution to address this burning issue is to plan early in life than procrastinating. The social fabric from joint to nuclear families and increasing change in lifespan and life style, needs to be addressed immediately.

One needs to fend for self in view of lack of social security measures and rising inflation. Crucial family goals fall during the critical phase of retirement, thereby depleting our life savings to negligible levels. Add to this, income ceases to exist with expenses soaring sky high. Resigning to these challenges of life isn't the solution. One needs to welcome life by being financially prepared with a plan. Our retirement solutions precisely help you be financially independent and enjoy life to the fullest. Walking into these golden years is as simple as a cake walk, provided you take the first step today.

INSURANCE PLANNING.

Ensure before Insure.

Insurance is a risk transfer mechanism, where an individual pays a premium to transfer the risk of loss or damage caused by events beyond ones control. It ensures full or partial financial settlement in case of an unforeseen event. While Statistics reveal most plans are taken with a herd mentality, "One size fits all" does not augur well in insurance.

In a world of multiple protection plans, selecting the apt solution is the need of the hour. The insurance universe has a gamut of solutions to offer, ranging from life to non life, insuring assets to liabilities and individual to group.

Our tool takes a peek into your requirements and provides you with concrete solutions to help you face life obstacles, head on! To feel secured, Insure here.

TAX PLANNING.

Tax planning shouldn't be tedious.

Tax Planning is an effective way to reduce tax liability by utilizing the options available under various sections of the Indian Income tax act, 1961.

While more than 91% of Indians fail to do an effective tax planning, One ends up paying money at the end of the financial year. Many fall prey to plans which do not benefit them, thus adding compulsory annual payment obligations.

The aim of tax planning is not to evade taxes but to utilize the options available to reduce the tax liability. Solutions that aim to provide tax relief, align themselves with the overall financial plan to the "T". While Smart tax planning helps you to save tax, it important for these tools to give you the best for every rupee contributed.

Current tax slabs in India for the FY 2015 - 16.
Income tax slabs for General tax payers and Women

Income tax slabs for Senior citizens (Aged 60 years but less than 80 years)

India Income tax slabs for very senior citizens (Aged 80 and above)

To make TAX less TAXING, act now