9/2/2023 0 Comments Money moves meaning![]() You can then redeem these points on your next purchase or when you clear your credit card dues. These rewards are added to your account every time you use your credit card to make a purchase. Retirement planning can be an intricate task, but it is essential.Ĭredit card rewards can boost your savings further. So, it is crucial not to neglect health insurance. After all, health expenses can be a heavy financial burden when you are retired. In addition to this, you must also plan for your health expenses by purchasing a good health insurance policy. However, make sure to pick a bank with a high-interest rate so you can beat inflation too. You can also have multiple savings bank accounts and dedicate one to your retirement needs. This can be done by investing in mutual funds, stocks, bonds, traditional retirement accounts like the National Pension Scheme (NPS), Public Provident Fund (PPF), etc. Retirement planning includes saving and investing for your post-retirement years. Retirement planning is a long-term process, one for which you must start preparing from the very beginning of your career. You may consult a professional financial advisor for more details and guidance. So, if one sector goes down, the other one helps your recover. It can also help to keep a well-diversified stock portfolio to cut risk and maximise the potential for high returns. This can help you make better decisions for the future. ![]() You can also review the performance of your portfolio in the last year and see how it has fared against a volatile market. Try to keep a suitable combination of different assets classes–stocks, bonds and cash that align with your goals and risk appetite. The year-end can be the perfect time to rebalance your portfolio. Here are some smart money moves you can make right now as you walk through 2022: Tune-up Your Stock Portfolio A sound financial plan for 2022 can help you start a better financial journey on the right note. As 2021 ends and 2022 draws close, it may be best to plan ahead. Whether it was braving the second wave or finding your footing post the economically turbulent 2020, this year was a milestone year in more ways than one. 20 have been a roller coaster year for many people. ![]()
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